Shares of EastGroup Properties (EGP) Sees Large Inflow of Net Money Flow

EastGroup Properties (EGP) : $1.73 million worth of transactions were on upticks in EastGroup Properties (EGP), compared to $1 million on downticks. The ratio between the two was 1.74, whereas, the net money flow stood at a healthy $0.73 million on Tuesdays session. The consistent buying on upticks in the stock accounted for $0.1million worth of trades. The total money flow into the stock stood at $0.1 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.32%. The stock was trading at $71.52, with a drop of $0.23 over the previous days close. The stock recorded 0.51% for the week.


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 -5.99% . Institutional Investors own 95.52% of EastGroup Properties shares. During last six month period, the net percent change held by insiders has seen a change of -13.12%. In an insider trading activity,The Director of EASTGROUP PROPERTIES INC, Bailey H C Jr sold 1,339 shares at $67.3 on June 28, 2016. The Insider selling transaction had a total value worth of $90,115. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Shares of EastGroup Properties Inc. rose by 2.35% in the last five trading days and 6.16% for the last 4 weeks. EastGroup Properties Inc. is up 22.62% in the last 3-month period. Year-to-Date the stock performance stands at 31.16%.

EastGroup Properties (NYSE:EGP): On Tuesdays trading session , Opening price of the stock was $71.71 with an intraday high of $71.8. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $71.05. However, the stock managed to close at $71.54, a loss of 0.29% for the day. On the previous day, the stock had closed at $71.75. The total traded volume of the day was 145,089 shares.

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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