New Lifetime High Today: EastGroup Properties (EGP)
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified EastGroup Properties as such a stock due to the following factors:
- EGP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $22.6 million.
- EGP has traded 1,728 shares today.
- EGP is trading at a new lifetime high.
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More details on EGP:
EastGroup Properties, Inc., a real estate investment trust (REIT), focuses on the development, acquisition, and operation of industrial properties in the United States. The stock currently has a dividend yield of 3.5%. EGP has a PE ratio of 38. Currently there are 2 analysts that rate EastGroup Properties a buy, 3 analysts rate it a sell, and 3 rate it a hold.
The average volume for EastGroup Properties has been 196,300 shares per day over the past 30 days. EastGroup has a market cap of $2.3 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.96 and a short float of 4.6% with 3.21 days to cover. Shares are up 25.2% year-to-date as of the close of trading on Friday.
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Analysis:
rates EastGroup Properties as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth, impressive record of earnings per share growth and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
Highlights from the ratings report include:
- Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income increased by 118.6% when compared to the same quarter one year prior, rising from $9.93 million to $21.71 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 11.9%. Since the same quarter one year prior, revenues slightly increased by 6.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
- EASTGROUP PROPERTIES reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, EASTGROUP PROPERTIES reported lower earnings of $1.48 versus $1.52 in the prior year. This year, the market expects an improvement in earnings ($1.95 versus $1.48).
- 40.21% is the gross profit margin for EASTGROUP PROPERTIES which we consider to be strong. Regardless of EGP's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 35.09% trails the industry average.
- You can view the full EastGroup Properties Ratings Report.
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