Eastgroup Properties, Inc’s recent filing unveils that its Executive Vice President & CFO WOOD BRENT unloaded Company’s shares for reported $0.31 million on Sep 12 ’24. In the deal valued at $184.42 per share,1,670 shares were sold. As a result of this transaction, WOOD BRENT now holds 110,926 shares worth roughly $18.09 million.
Then, Dunbar Richard Reid sold 1,650 shares, generating $303,590 in total proceeds. Upon selling the shares at $183.99, the Senior Vice President now owns 20,057 shares.
Before that, RICHARD REID DUNBAR bought 1,650 shares. Eastgroup Properties, Inc shares valued at $303,590 were divested by the Officer at a price of $183.99 per share.
Truist upgraded its Eastgroup Properties, Inc [EGP] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early April from “an Overweight” to “a Neutral”. Evercore ISI also remained covering EGP and has decreased its forecast on March 17, 2025 with a “an In-line” recommendation from previously “an Outperform” rating. Deutsche Bank started covering the stock on January 14, 2025. It rated EGP as “a Buy”.
Price Performance Review of EGP
On Tuesday, Eastgroup Properties, Inc [NYSE:EGP] saw its stock fall -0.55% to $163.11. Over the last five days, the stock has gained 2.59%. Eastgroup Properties, Inc shares have risen nearly 1.63% since the year began. Nevertheless, the stocks have risen 4.73% over the past one year. While a 52-week high of $192.61 was reached on 03/07/25, a 52-week low of $137.67 was recorded on 04/09/25. SMA at 50 days reached $171.98, while 200 days put it at $175.52.
Levels Of Support And Resistance For EGP Stock
The 24-hour chart illustrates a support level at 161.51, which if violated will result in even more drops to 159.90. On the upside, there is a resistance level at 164.61. A further resistance level may holdings at 166.10. The Relative Strength Index (RSI) on the 14-day chart is 48.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.80%. Stochastics %K at 86.05% indicates the stock is a selling.
How much short interest is there in Eastgroup Properties, Inc?
A steep rise in short interest was recorded in Eastgroup Properties, Inc stocks on 2025-04-15, dropping by -0.6 million shares to a total of 1.5 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 2.09 million shares. There was a decline of -39.83%, which implies that there is a negative sentiment for the stock.
