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NEW YORK (

TheStreet

) --

EastGroup Properties

(NYSE:

EGP

) hit a new 52-week high Friday as it traded at $44.49 compared with its previous 52-Week high of $44.48. EastGroup is changing hands at $44.48 with 77,565 shares traded as of 1:48 p.m. ET. Average volume has been 162,000 shares over the past 30 days.

EastGroup has a market cap of $1.2 billion and is part of the

financial

sector and

real estate

TheStreet Recommends

industry. Shares are up 2.7% year to date as of the close of trading on Thursday.

EastGroup Properties, Inc., a real estate investment trust (REIT), focuses on the development, acquisition, and operation of industrial properties in the United States. The company has a P/E ratio of 64.1, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates EastGroup as a hold. Among the primary strengths of the company is its solid stock price performance. At the same time, however, we also find weaknesses including deteriorating net income, poor profit margins and feeble growth in the company's earnings per share. You can view the full

EastGroup Ratings Report

.

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