The stock of Eastgroup Properties, Inc (EGP) has gone up by 3.71% for the week, with a -4.89% drop in the past month and a -12.88% drop in the past quarter. The volatility ratio for the week is 2.48%, and the volatility levels for the past 30 days are 2.11% for EGP. The simple moving average for the last 20 days is 0.58% for EGP stock, with a simple moving average of -6.92% for the last 200 days.
Is It Worth Investing in Eastgroup Properties, Inc (NYSE: EGP) Right Now?
Eastgroup Properties, Inc (NYSE: EGP) has a higher price-to-earnings ratio of 33.33x compared to its average ratio. EGP has 36-month beta value of 1.02. Analysts have mixed views on the stock, with 11 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for EGP is 48.99M, and currently, short sellers hold a 2.79% ratio of that float. The average trading volume of EGP on January 20, 2025 was 344.25K shares.
EGP) stock’s latest price update
Eastgroup Properties, Inc (NYSE: EGP)’s stock price has plunge by -1.76relation to previous closing price of 164.30. Nevertheless, the company has seen a 3.71% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2025-01-18 that There is an often overlooked difference between income investing and dividend growth investing. The two are not the same. Timely charts showing that inflation is even more subdued than the official CPI metrics show, but also what threatens to disrupt the disinflationary trend. A discussion of three books dividend growth investors would benefit from reading. Only one is specifically about dividend growth investing.
Analysts’ Opinion of EGP
Many brokerage firms have already submitted their reports for EGP stocks, with Deutsche Bank repeating the rating for EGP by listing it as a “Buy.” The predicted price for EGP in the upcoming period, according to Deutsche Bank is $180 based on the research report published on January 14, 2025 of the current year 2025.
Jefferies, on the other hand, stated in their research note that they expect to see EGP reach a price target of $194, previously predicting the price at $174. The rating they have provided for EGP stocks is “Buy” according to the report published on January 02nd, 2025.
EGP Trading at -3.53% from the 50-Day Moving Average
After a stumble in the market that brought EGP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.20% of loss for the given period.
Volatility was left at 2.11%, however, over the last 30 days, the volatility rate increased by 2.48%, as shares sank -3.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.53% lower at present.
During the last 5 trading sessions, EGP rose by +3.71%, which changed the moving average for the period of 200-days by -7.26% in comparison to the 20-day moving average, which settled at $160.47. In addition, Eastgroup Properties, Inc saw 0.57% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EGP starting from WOOD BRENT, who sale 1,670 shares at the price of $184.42 back on Sep 12 ’24. After this action, WOOD BRENT now owns 110,926 shares of Eastgroup Properties, Inc, valued at $307,975 using the latest closing price.
Dunbar Richard Reid, the Senior Vice President of Eastgroup Properties, Inc, sale 1,650 shares at $183.99 during a trade that took place back on Sep 12 ’24, which means that Dunbar Richard Reid is holding 20,057 shares at $303,590 based on the most recent closing price.
Stock Fundamentals for EGP
Current profitability levels for the company are sitting at:
- 0.4 for the present operating margin
- 0.58 for the gross margin
The net margin for Eastgroup Properties, Inc stands at 0.37. The total capital return value is set at 0.05. Equity return is now at value 8.93, with 5.11 for asset returns.
Based on Eastgroup Properties, Inc (EGP), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.58. The interest coverage ratio of the stock is 27.26.
Currently, EBITDA for the company is 399.22 million with net debt to EBITDA at 3.75. When we switch over and look at the enterprise to sales, we see a ratio of 15.34. The receivables turnover for the company is 6.92for trailing twelve months and the total asset turnover is 0.13.
Conclusion
To put it simply, Eastgroup Properties, Inc (EGP) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
