27-Mar-2024
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EastGroup Properties Announces 177th Consecutive Quarterly Cash Dividend
PRNewswire (Fri, 8-Mar 12:43 PM ET)
EastGroup Properties Announces Recent Business Activity and Participation in Upcoming Conference
PRNewswire (Thu, 29-Feb 5:47 PM ET)
EastGroup Properties Announces Fourth Quarter and Year 2023 Results
PRNewswire (Wed, 7-Feb 4:05 PM ET)
EastGroup Properties Announces the Income Tax Treatment of its 2023 Distributions
PRNewswire (Thu, 25-Jan 5:38 PM ET)
EastGroup Properties Announces Fourth Quarter 2023 Earnings Conference Call and Webcast
PRNewswire (Thu, 11-Jan 9:13 AM ET)
EastGroup Properties Inc is an equity real estate investment trust. It is engaged in the development, acquisition, and operation of industrial properties in Sunbelt markets throughout the United States, predominantly in the states of Florida, Texas, Arizona, California, and North Carolina. The company manages a portfolio of industrial properties. The vast majority of these properties are multi-tenant business distribution buildings that provide large warehousing and office space for customers. The company derives its revenue in the form of rental income.
Eastgroup Props trades on the NYSE stock market under the symbol EGP.
As of March 27, 2024, EGP stock price climbed to $178.10 with 159,634 million shares trading.
EGP has a beta of 1.17, meaning it tends to be more sensitive to market movements. EGP has a correlation of 0.38 to the broad based SPY ETF.
EGP has a market cap of $8.54 billion. This is considered a Mid Cap stock.
In the last 3 years, EGP stock traded as high as $229.84 and as low as $137.47.
The top ETF exchange traded funds that EGP belongs to (by Net Assets): VNQ, IJH, VTI, VB, VBR.
EGP has underperformed the market in the last year with a price return of +15.8% while the SPY ETF gained +33.9%. EGP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.8% and -1.6%, respectively, while the SPY returned +10.3% and +1.5%, respectively.
EGP support price is $172.46 and resistance is $176.72 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EGP stock will trade within this expected range on the day.