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Is this Large Market Cap Stock target price reasonable for EastGroup Properties Inc. (NYSE:EGP)?

The company in question is, EastGroup Properties Inc. (NYSE:EGP) currently with a stock price of 69.19 (0.03% today). The market cap for EastGroup Properties Inc. is 2270.85, and is in the sector Financial, and REIT – Industrial industry. The target price for EastGroup Properties Inc. is 71.83. Currently EastGroup Properties Inc. is trading with a P/E of 25.14, and a forward P/E of 38.95. Average volume for EastGroup Properties Inc. is 170.75 and so far today it is 58901.

Performance in the last year for EastGroup Properties Inc. has been 27.65%. For EPS growth, EastGroup Properties Inc. has seen a growth of -2.50%, and is looking to grow in the next year to -38.55%. More long term stats show that EPS growth has been 17.00% over the last five years and could be 7.70% for the next five years. EastGroup Properties Inc. has seen sales growth quarter over quarter at 7.10%, with EPS growth quarter over quarter at 199.40%. The 20-day simple moving average is -3.53%, with the 200-day simple moving average coming to 10.24%.

Since the IPO date for EastGroup Properties Inc. on the 3/17/1992, EastGroup Properties Inc. has seen performance year to date to be 27.96%. With EastGroup Properties Inc. trading at 69.19, the dividend yield is 3.59%, and the EPS is 2.75.

So could EastGroup Properties Inc., be undervalued? Well as said before P/E is 25.14. The PEG is 3.27, P/S is 9.34 and the P/B is at 3.71. The P/cash is *TBA, with P/free cash flow at *TBA.

EastGroup Properties Inc. ability to deal with debt shows that the current ratio is *TBA, and the quick ratio is *TBA. This is with long term debt/equity at 1.61, and total debt/equity at 1.61.

In terms of margins, EastGroup Properties Inc. has a gross margin of 71.00%, an operating margin of 33.60% and a profit margin of 36.60%.Payout ratio for EastGroup Properties Inc. is 87.00%. Return on assets come to 5.40% with return on investment coming to 5.00%.

Insider ownership for EastGroup Properties Inc., is at 2.20% and institutional ownership comes to 97.30%. Outstanding shares are at 32.83. While shares float is 31.75. The float short is currently 4.55%, and short ratio is 8.47.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Peter Clarke

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