|Bid||100.00 x 1400|
|Ask||133.27 x 800|
|Day's Range||132.54 - 135.41|
|52 Week Range||83.40 - 153.26|
|Beta (5Y Monthly)||0.73|
|PE Ratio (TTM)||43.23|
|Earnings Date||Feb 09, 2021|
|Forward Dividend & Yield||3.16 (2.34%)|
|Ex-Dividend Date||Dec 30, 2020|
|1y Target Est||142.25|
Right now, EastGroup Properties Inc. (NYSE: EGP) share price is at $137.35, after a 0.1% gain. Moreover, over the past month, the stock fell by 0.04%, but in the past year, increased by 4.25%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 10.38%. The P/E ratio measures the current share price to the company's earnings per share. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. View more earnings on EGPDepending on the particular phase of a business cycle, some industries will perform better than others. EastGroup Properties Inc. has a lower P/E than the aggregate P/E of 49.44 of the Equity Real Estate Investment Trusts (REITs) industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. P/E ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors can become unable to attain key insights from trailing earnings.See more from Benzinga * Click here for options trades from Benzinga * Easterly Government Properties: Debt Insights * How Does Colgate-Palmolive's Debt Look?(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
It is hard to get excited after looking at EastGroup Properties' (NYSE:EGP) recent performance, when its stock has...
EastGroup Properties (NYSE: EGP) announced today that it will hold its Fourth Quarter Earnings Conference Call and Webcast on Wednesday, February 10, 2021 at 11:00 a.m. Eastern Time. On the call, Marshall Loeb, CEO, and Brent Wood, CFO, will review the fourth quarter results and discuss EastGroup's current operations.