EastGroup Properties Inc (EGP)
EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, is a self-managed capital real estate investment trust focused on the development, acquisition and operation of industrial properties in Sunbelt's major markets in the United States. with an emphasis on the states of Florida, Texas, Arizona, California and North Carolina.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 0.14% per annum.
- EGP price at the close of November 20, 2024 was $171.01 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 9.65% per annum.
- EGP price at the close of November 20, 2024 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of EGP price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: June 2, 2021
End date: July 10, 2024
a = 5.0922
b = 0.0000
s = 0.0896
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 0.14%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0896) – 1
= 43.09%
June 2, 2021 calculations
Top border of price channel:
Exp(Y383)
= Exp(a + b × X383 + 2 × s)
= Exp(a + b × 559 + 2 × s)
= Exp(5.0922 + 0.0000 × 559 + 2 × 0.0896)
= Exp(5.2736)
= $195.11
Bottom border of price channel:
Exp(Y383)
= Exp(a + b × X383 – 2 × s)
= Exp(a + b × 559 – 2 × s)
= Exp(5.0922 + 0.0000 × 559 – 2 × 0.0896)
= Exp(4.9152)
= $136.35
July 10, 2024 calculations
Top border of price channel:
Exp(Y1,163)
= Exp(a + b × X1,163 + 2 × s)
= Exp(a + b × 1,693 + 2 × s)
= Exp(5.0922 + 0.0000 × 1,693 + 2 × 0.0896)
= Exp(5.2780)
= $195.98
Bottom border of price channel:
Exp(Y1,163)
= Exp(a + b × X1,163 – 2 × s)
= Exp(a + b × 1,693 – 2 × s)
= Exp(5.0922 + 0.0000 × 1,693 – 2 × 0.0896)
= Exp(4.9197)
= $136.96
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 0.14% per annum.
- EGP price at the close of November 20, 2024 was $171.01 and was inside the primary price channel.
Secondary Trend
Start date: May 18, 2022
End date: November 13, 2024
a = 4.7459
b = 0.0003
s = 0.0516
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 9.65%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0516) – 1
= 22.93%
May 18, 2022 calculations
Top border of price channel:
Exp(Y626)
= Exp(a + b × X626 + 2 × s)
= Exp(a + b × 909 + 2 × s)
= Exp(4.7459 + 0.0003 × 909 + 2 × 0.0516)
= Exp(5.0786)
= $160.54
Bottom border of price channel:
Exp(Y626)
= Exp(a + b × X626 – 2 × s)
= Exp(a + b × 909 – 2 × s)
= Exp(4.7459 + 0.0003 × 909 – 2 × 0.0516)
= Exp(4.8721)
= $130.59
November 13, 2024 calculations
Top border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 + 2 × s)
= Exp(a + b × 1,819 + 2 × s)
= Exp(4.7459 + 0.0003 × 1,819 + 2 × 0.0516)
= Exp(5.3083)
= $202.00
Bottom border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 – 2 × s)
= Exp(a + b × 1,819 – 2 × s)
= Exp(4.7459 + 0.0003 × 1,819 – 2 × 0.0516)
= Exp(5.1018)
= $164.31
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 9.65% per annum.
- EGP price at the close of November 20, 2024 was inside the secondary price channel.