EastGroup Properties EGP
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
EastGroup Properties (EGP) Business Model and Operations Summary
EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 15,000 to 70,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 45.8 million square feet.
Key Insights
EastGroup Properties (EGP) Core Market Data and Business Metrics
Latest Closing Price
$161.1Market Cap
$8.07 BillionAverage Daily Volume
510,793 Shares52-Week Range
$137.67-$192.61Total Outstanding Shares
53.33 Million SharesCEO
Mr. Marshall A. LoebTotal Employees
101Current Dividend
$1.40 Per Share QuarterlyIPO Date
November 10, 1972SIC Description
Real Estate Investment TrustsHeadquarters
400 W. Parkway Place, Ridgeland, MS, 39157