EastGroup Properties, Inc. Comm (NYSE:EGP).
On September 6, 2016 Morgan Stanley added the stock to its research portfolio by announcing an initial rating of “Underweight” and projecting a price target of $65.00. On August 25 analysts at BTIG Research issued its first research report on the stock giving it an initial rating of “Neutral”.
On July 22 the company was set at “Hold” by Sandler O'Neill which was a cut from the previous “” rating. On July 22, 2016 the stock rating was rated “Hold” in a report from Stifel Nicolaus down from the previous “Buy” rating.
On July 15 the company was changed to a “Sector Weight” according to a KeyBanc report which is up from the previous “Underweight” rating.
The company is so far trading down by -0.84 percent from yesterday’s close. The company announced a dividend for shareholders that was paid on Thursday June 30th, 2016. The dividend was $0.620 per share for the quarter which comes to $2.48 on an annualized basis. This dividend represents a yield of $3.37. The ex-dividend date was set for Thursday the 15th of September 2016.
The stock last traded at $73.32 marginally over $72.55, the 50 day moving average and which is slightly above the 200 day moving average of $66.80. The 50 day moving average was up by +1.06% and the 200 day average was up $6.52.
The company currently has a P/E ratio of 26.55 and market capitalization is 2.40B. As of the last earnings report the EPS was $2.76 and is projected to be $3.99 for the current year with 32,741,000 shares now outstanding. Next quarter’s EPS is expected be $1.05 and the next full year EPS is projected to be $4.21.