Eastgroup Properties Inc (NYSE:EGP) Director Fredric H. Gould bought 3,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was purchased at an average cost of $80.05 per share, with a total value of $240,150.00. Following the completion of the transaction, the director now directly owns 13,688 shares of the company’s stock, valued at $1,095,724.40. The transaction was disclosed in a filing with the SEC, which is available through this link.
Eastgroup Properties Inc (EGP) traded down $0.24 during trading on Monday, hitting $80.06. The stock had a trading volume of 424,539 shares, compared to its average volume of 235,315. Eastgroup Properties Inc has a 52-week low of $69.53 and a 52-week high of $95.03. The company has a market capitalization of $2,720.00, a price-to-earnings ratio of 32.81, a P/E/G ratio of 4.03 and a beta of 0.92.
Eastgroup Properties (NYSE:EGP) last posted its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. Eastgroup Properties had a return on equity of 11.76% and a net margin of 30.34%. The firm had revenue of $71.36 million during the quarter, compared to analyst estimates of $69.66 million. During the same period last year, the company earned $1.08 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. research analysts anticipate that Eastgroup Properties Inc will post 4.5 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. Swiss National Bank boosted its holdings in shares of Eastgroup Properties by 2.2% in the third quarter. Swiss National Bank now owns 56,687 shares of the real estate investment trust’s stock worth $4,995,000 after acquiring an additional 1,200 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Eastgroup Properties by 2.0% in the third quarter. Prudential Financial Inc. now owns 58,915 shares of the real estate investment trust’s stock worth $5,192,000 after acquiring an additional 1,130 shares during the period. Stifel Financial Corp bought a new position in shares of Eastgroup Properties in the third quarter worth $365,000. Schroder Investment Management Group bought a new position in shares of Eastgroup Properties in the third quarter worth $413,000. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Eastgroup Properties by 1.3% in the third quarter. Asset Management One Co. Ltd. now owns 89,734 shares of the real estate investment trust’s stock worth $7,927,000 after acquiring an additional 1,119 shares during the period. 95.82% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: “Eastgroup Properties Inc (EGP) Director Purchases $240,150.00 in Stock” was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2018/02/12/eastgroup-properties-inc-egp-director-purchases-240150-00-in-stock.html.
Eastgroup Properties Company Profile
EastGroup Properties, Inc is an equity real estate investment trust (REIT). The Company is focused on the development, acquisition and operation of industrial properties in various Sunbelt markets across the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina.
Receive News & Ratings for Eastgroup Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eastgroup Properties and related companies with MarketBeat.com's FREE daily email newsletter.