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After finishing at $165.75 in the prior trading day, Eastgroup Properties, Inc. (NYSE: EGP) closed at $157.99, down -4.68%. In other words, the price has decreased by -$4.68 from its previous closing price. On the day, 0.78 million shares were traded. EGP stock price reached its highest trading level at $164.975 during the session, while it also had its lowest trading level at $157.4.
Ratios:
Our goal is to gain a better understanding of EGP by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 188.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.39. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.59.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BMO Capital Markets on April 22, 2024, initiated with a Outperform rating and assigned the stock a target price of $190.
On April 11, 2024, JP Morgan started tracking the stock assigning a Neutral rating and target price of $190.
On March 27, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $181.Barclays initiated its Equal Weight rating on March 27, 2024, with a $181 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 13 ’24 when WOOD BRENT sold 2,500 shares for $182.74 per share. The transaction valued at 456,859 led to the insider holds 102,617 shares of the business.
COLEMAN JOHN F sold 1,000 shares of EGP for $173,052 on Dec 06 ’23. The Executive Vice President now owns 90,305 shares after completing the transaction at $173.05 per share. On Jul 27 ’23, another insider, Dunbar Richard Reid, who serves as the Senior Vice President of the company, sold 1,600 shares for $181.25 each. As a result, the insider received 290,000 and left with 17,288 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EGP now has a Market Capitalization of 7957767168 and an Enterprise Value of 9245179904. As of this moment, Eastgroup’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.27, and their Forward P/E ratio for the next fiscal year is 32.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.82 while its Price-to-Book (P/B) ratio in mrq is 2.89. Its current Enterprise Value per Revenue stands at 15.675 whereas that against EBITDA is 23.984.
Stock Price History:
Over the past 52 weeks, EGP has reached a high of $188.85, while it has fallen to a 52-week low of $154.75. The 50-Day Moving Average of the stock is -10.52%, while the 200-Day Moving Average is calculated to be -9.99%.
Shares Statistics:
The stock has traded on average 284.25K shares per day over the past 3-months and 386590 shares per day over the last 10 days, according to various share statistics. A total of 47.70M shares are outstanding, with a floating share count of 47.26M. Insiders hold about 1.45% of the company’s shares, while institutions hold 92.36% stake in the company. Shares short for EGP as of 1711584000 were 867738 with a Short Ratio of 3.05, compared to 1709164800 on 760040. Therefore, it implies a Short% of Shares Outstanding of 867738 and a Short% of Float of 2.41.
Dividends & Splits
In the trailing 12 months, EGP’s forward annual dividend rate was 3.79, compared to 5.06 this year. Against a Trailing Annual Dividend Yield of 0.022865761The stock’s 5-year Average Dividend Yield is 2.43.
