Shares of EastGroup Properties (NYSE:EGP) Sees Large Outflow of Money

EastGroup Properties (NYSE:EGP) had an volatile session and gained 0.02 points till last call. The price was at $67.97, gaining 0.03% till the last intraday data. The total uptick value was $1.79 million while the total downtick value was $3.71 million. The shares saw a net money flow of $(-1.91) million and the up/down ratio stood at 0.48. The stock has seen a change of of 0.43% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-1.88) million. Almost $0 million were received in upticks and approximately $1.88 million were lost in downticks, thereby giving the up/down ratio of 0.


The stock has recorded a 20-day Moving Average of 3.86% and the 50-Day Moving Average is 8.33%. The company shares have rallied 16.97% in the past 52 Weeks. On June 13, 2016 The shares registered one year high of $68.92 and one year low was seen on February 11, 2016 at $49.31. The 50-day moving average is $64.38 and the 200 day moving average is recorded at $58.07. S&P 500 has rallied 1.93% during the last 52-weeks.

EastGroup Properties (NYSE:EGP): The stock opened at $68.05 on Tuesday but the bulls could not build on the opening and the stock topped out at $68.52 for the day. The stock traded down to $67.65 during the day, due to lack of any buying support eventually closed down at $67.83 with a loss of -0.18% for the day. The stock had closed at $67.95 on the previous day. The total traded volume was 237,061 shares.

Currently the company Insiders own 3.6% of EastGroup Properties shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -12.44% . Institutional Investors own 95.5% of EastGroup Properties shares. During last six month period, the net percent change held by insiders has seen a change of -10.16%. On the companys insider trading activities, Hoster David H Ii, director of Eastgroup Properties Inc, unloaded 6,715 shares at an average price of $62.51 on May 6, 2016. The total amount of the transaction was worth $419,755, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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. EastGroups 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 Companys 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%).

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