Eastgroup Properties Inc (EGP): David H Ii Hoster , director of Eastgroup Properties Inc sold 8,000 shares on Jun 22, 2016. The Insider selling transaction was reported by the company on Jun 23, 2016 to the Securities and Exchange Commission. The shares were sold at $68.00 per share for a total value of $544,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 9, 2016, David H Ii Hoster (director) sold 6,715 shares at $62.51 per share price.On Apr 27, 2016, H Eric Jr Bolton (director) purchased 1,700 shares at $59.95 per share price.Also, On Feb 18, 2016, Fredric H Gould (director) purchased 5,000 shares at $51.15 per share price.On Jun 25, 2015, H C Jr Bailey (director) sold 1,800 shares at $57.89 per share price.
Shares of Eastgroup Properties Inc (EGP) ended Tuesday, Jun 21, 2016 session in red amid volatile trading. The shares closed down -0.12 points or -0.18% at $67.83 with 2,37,061 shares getting traded. Post opening the session at $68.05, the shares hit an intraday low of $67.65 and an intraday high of $68.5184 and the price vacillated in this range throughout the day. The company has a market cap of $2,200 M and the number of outstanding shares has been calculated to be 3,24,29,497 shares. The 52-week high of Eastgroup Properties Inc is $68.915 and the 52-week low is $49.31.
Company has been under the radar of several Street Analysts.Eastgroup Properties Inc is Upgraded by Stifel to Buy and the brokerage firm has set the Price Target at $68. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Apr 22, 2016.Eastgroup Properties Inc is Reiterated by DA Davidson to Neutral and the brokerage firm has raised the Price Target to $ 65 from a previous price target of $58 .The Rating was issued on Apr 21, 2016.
EastGroup Properties Inc. (EastGroup) is an equity real estate investment trust (REIT). The Company is focused on the development acquisition and operation of industrial properties in Sunbelt markets throughout the United States. EastGroup holds its properties as long-term investments. The Company owns approximately 307 industrial properties and one office building. These properties are located in the Sunbelt states of Florida Texas Arizona California and North Carolina. EastGroup’s portfolio is approximately 96.3% leased and 96.0% occupied. The Company has developed approximately 37% of its total portfolio (on a square foot basis) including real estate properties and development properties in lease-up and under construction. The Company’s focus is the ownership of business distribution space (80% of the total portfolio) with the remainder in bulk distribution space (16%) and business service space (4%).