EastGroup Stock Hits New 52-Week High (EGP)

NEW YORK ( TheStreet) -- EastGroup Properties (NYSE: EGP) hit a new 52-week high Friday as it is currently trading at $49.21, above its previous 52-week high of $49.15 with 172,231 shares traded as of 2:20 p.m. ET. Average volume has been 198,700 shares over the past 30 days.

EastGroup has a market cap of $1.27 billion and is part of the financial sector and real estate industry. Shares are up 11.1% 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 63, above the average real estate industry P/E ratio of 60.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates EastGroup as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and poor profit margins. You can view the full EastGroup Ratings Report.

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