EastGroup Properties traded at $208.48 this Monday August 3rd, decreasing $0.53 or 0.25 percent since the previous trading session. Looking back, over the last four weeks, EastGroup Properties lost 1.77 percent. Over the last 12 months, its price rose by 27.43 percent. Looking ahead, we forecast EastGroup Properties to be priced at 204.58 by the end of this quarter and at 191.84 in one year, according to Trading Economics global macro models projections and analysts expectations.
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 the Sunbelt markets throughout the United States, primarily in the states of Florida, Texas, Arizona, California and North Carolina. It owns approximately 406 industrial properties and one office building in 11 states. The Company's portfolio includes development projects and value-add properties in lease-up and under construction, including approximately 46.6 million square feet consisting of 369 business distribution buildings containing 41.9 million square feet, 13 bulk distribution buildings containing approximately 3.5 million square feet, and 24 business service buildings containing approximately 1.2 million square feet. It holds its properties as long-term investments but may determine to sell certain properties that no longer meet its investment criteria.