EastGroup Properties (EGP) Stock Forecast, Price Target & Predictions
EGP Stock Forecast
EastGroup Properties stock forecast is as follows: an average price target of $191.00 (represents a 9.70% upside from EGP’s last price of $174.11) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.
EGP Price Target
The average price target for EastGroup Properties (EGP) is $191.00 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $214.00 to $150.00. This represents a potential 9.70% upside from EGP's last price of $174.11.
EGP Analyst Ratings
According to 11 Wall Street analysts, EastGroup Properties's rating consensus is 'Buy'. The analyst rating breakdown for EGP stock is 0 'Strong Buy' (0.00%), 6 'Buy' (54.55%), 5 'Hold' (45.45%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
EastGroup Properties Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 16, 2024 | Steve Sakwa | Evercore ISI | $204.00 | $187.50 | 8.80% | 17.17% |
| Sep 05, 2024 | Vikram Malhotra | Mizuho Securities | $200.00 | $185.70 | 7.70% | 14.87% |
| Aug 28, 2024 | Blaine Heck | Wells Fargo | $214.00 | $186.60 | 14.68% | 22.91% |
| Jul 30, 2024 | Michael Carrol | RBC Capital | $186.00 | $187.07 | -0.57% | 6.83% |
| Jul 30, 2024 | Brendan Lynch | Barclays | $198.00 | $187.07 | 5.84% | 13.72% |
| Jul 22, 2024 | Richard Anderson | Wedbush | $208.00 | $187.60 | 10.87% | 19.46% |
| May 31, 2024 | Vikram Malhotra | Mizuho Securities | $175.00 | $160.81 | 8.82% | 0.51% |
| May 06, 2024 | Michael Carrol | RBC Capital | $172.00 | $159.86 | 7.59% | -1.21% |
| Apr 29, 2024 | Alexander Goldfarb | Piper Sandler | $200.00 | $158.34 | 26.31% | 14.87% |
| Apr 01, 2024 | Steve Sakwa | Evercore ISI | $190.00 | $179.77 | 5.69% | 9.13% |
The latest EastGroup Properties stock forecast, released on Sep 16, 2024 by Steve Sakwa from Evercore ISI, set a price target of $204.00, which represents a 8.80% increase from the stock price at the time of the forecast ($187.50), and a 17.17% increase from EGP last price ($174.11).
EastGroup Properties Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 3 | 10 |
| Avg Price Target | - | $206.00 | $194.70 |
| Last Closing Price | $174.11 | $174.11 | $174.11 |
| Upside/Downside | -100.00% | 18.32% | 11.83% |
In the current month, the average price target of EastGroup Properties stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to EastGroup Properties's last price of $174.11. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 16, 2024 | Evercore ISI | - | Outperform | Upgrade |
| Aug 28, 2024 | Wells Fargo | Equal-Weight | Overweight | Upgrade |
| Aug 22, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jul 30, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Jul 30, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Jul 30, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Jul 22, 2024 | Wedbush | Neutral | Outperform | Upgrade |
| Jun 06, 2024 | Citigroup | Buy | Buy | Hold |
| Jun 04, 2024 | Exane BNP Paribas | - | Neutral | Initialise |
| May 31, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
EastGroup Properties's last stock rating was published by Evercore ISI on Sep 16, 2024. The company Upgrade its EGP rating from "null" to "Outperform".
EastGroup Properties Financial Forecast
EastGroup Properties Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $149.15M | $146.53M | $139.89M | $135.03M | $129.84M | $125.66M | $118.55M | $112.97M | $107.37M | $104.60M | $99.58M | $97.93M | $92.67M | $92.01M | $89.72M | $88.63M | $86.55M | $83.94M |
| Avg Forecast | $212.18M | $205.88M | $199.44M | $193.16M | $185.84M | $182.81M | $177.86M | $173.49M | $166.68M | $161.52M | $156.70M | $152.27M | $148.90M | $142.38M | $137.16M | $132.81M | $127.99M | $123.69M | $115.60M | $110.22M | $106.38M | $101.57M | $98.74M | $94.59M | $93.01M | $89.77M | $88.82M | $87.76M | $85.96M | $83.14M |
| High Forecast | $216.65M | $210.22M | $203.64M | $197.23M | $189.76M | $186.66M | $181.60M | $178.11M | $170.12M | $161.57M | $156.70M | $152.27M | $151.74M | $144.60M | $140.05M | $135.61M | $130.68M | $123.69M | $115.60M | $110.22M | $106.38M | $101.57M | $98.74M | $94.59M | $93.01M | $89.77M | $88.82M | $87.76M | $85.96M | $83.14M |
| Low Forecast | $205.68M | $199.58M | $193.33M | $187.25M | $180.15M | $177.21M | $172.41M | $167.38M | $163.70M | $161.46M | $156.70M | $152.27M | $145.41M | $140.68M | $132.96M | $128.75M | $124.07M | $123.69M | $115.60M | $110.22M | $106.38M | $101.57M | $98.74M | $94.59M | $93.01M | $89.77M | $88.82M | $87.76M | $85.96M | $83.14M |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 3 | 3 | 6 | 12 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 5 | 9 | 6 | 4 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.03% | 1.02% | 1.02% | 1.01% | 1.02% | 1.03% | 1.03% | 1.01% | 1.03% | 1.01% | 1.04% | 1.00% | 1.03% | 1.01% | 1.01% | 1.01% | 1.01% |
EastGroup Properties's average Quarter revenue forecast for Mar 24 based on 3 analysts is $152.27M, with a low forecast of $152.27M, and a high forecast of $152.27M. EGP's average Quarter revenue forecast represents a 2.09% increase compared to the company's last Quarter revenue of $149.15M (Dec 23).
EastGroup Properties EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 3 | 3 | 6 | 12 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 5 | 9 | 6 | 4 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $105.94M | $102.72M | $98.33M | $93.93M | $90.89M | $86.86M | $81.95M | $77.70M | $112.64M | $70.97M | $66.61M | $65.41M | $76.09M | $61.42M | $59.85M | $59.12M | $57.02M | $56.57M |
| Avg Forecast | $145.05M | $140.74M | $136.34M | $132.04M | $127.04M | $124.97M | $121.58M | $118.60M | $113.94M | $110.41M | $107.12M | $130.13M | $101.79M | $97.33M | $93.76M | $118.30M | $120.75M | $84.53M | $79.00M | $107.55M | $72.70M | $69.42M | $67.48M | $56.82M | $63.56M | $61.35M | $60.70M | $54.89M | $58.75M | $56.82M |
| High Forecast | $148.10M | $143.71M | $139.21M | $134.83M | $129.72M | $127.60M | $124.15M | $121.75M | $116.29M | $110.45M | $107.12M | $156.16M | $103.73M | $98.85M | $95.74M | $141.96M | $144.90M | $84.53M | $79.00M | $129.05M | $72.70M | $69.42M | $67.48M | $68.18M | $63.56M | $61.35M | $60.70M | $65.87M | $58.75M | $56.82M |
| Low Forecast | $140.61M | $136.43M | $132.16M | $128.00M | $123.15M | $121.14M | $117.86M | $114.42M | $111.91M | $110.38M | $107.12M | $104.10M | $99.40M | $96.17M | $90.89M | $94.64M | $96.60M | $84.53M | $79.00M | $86.04M | $72.70M | $69.42M | $67.48M | $45.45M | $63.56M | $61.35M | $60.70M | $43.91M | $58.75M | $56.82M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 1.06% | 1.05% | 0.79% | 0.75% | 1.03% | 1.04% | 0.72% | 1.55% | 1.02% | 0.99% | 1.15% | 1.20% | 1.00% | 0.99% | 1.08% | 0.97% | 1.00% |
3 analysts predict EGP's average Quarter EBITDA for Mar 24 to be $130.13M, with a high of $156.16M and a low of $104.10M. This is 22.84% upper than EastGroup Properties's previous annual EBITDA (Dec 23) of $105.94M.
EastGroup Properties Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 3 | 3 | 6 | 12 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 5 | 9 | 6 | 4 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $63.45M | $48.90M | $43.45M | $44.69M | $38.67M | $37.79M | $46.14M | $93.93M | $71.89M | $30.77M | $27.56M | $27.34M | $37.18M | $24.40M | $23.48M | $23.30M | $49.61M | $22.57M |
| Avg Forecast | - | - | - | - | $62.23M | $60.02M | $58.80M | $55.86M | $56.66M | $55.72M | $53.82M | $76.93M | $52.76M | $48.51M | $45.86M | $69.94M | $77.08M | $40.51M | $36.62M | $63.58M | $38.19M | $33.55M | $32.32M | $23.75M | $29.70M | $29.10M | $31.49M | $21.63M | $27.56M | $25.78M |
| High Forecast | - | - | - | - | $63.93M | $61.67M | $60.41M | $56.64M | $56.92M | $55.80M | $53.83M | $92.32M | $53.02M | $49.49M | $47.12M | $83.93M | $92.49M | $40.51M | $36.62M | $76.30M | $38.19M | $33.55M | $32.32M | $28.50M | $29.70M | $29.10M | $31.49M | $25.96M | $27.56M | $25.78M |
| Low Forecast | - | - | - | - | $59.75M | $57.64M | $56.46M | $55.34M | $56.39M | $55.64M | $53.81M | $61.55M | $52.23M | $47.53M | $44.04M | $55.95M | $61.66M | $40.51M | $36.62M | $50.86M | $38.19M | $33.55M | $32.32M | $19.00M | $29.70M | $29.10M | $31.49M | $17.31M | $27.56M | $25.78M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.20% | 1.01% | 0.95% | 0.64% | 0.50% | 0.93% | 1.26% | 1.48% | 1.88% | 0.92% | 0.85% | 1.15% | 1.25% | 0.84% | 0.75% | 1.08% | 1.80% | 0.88% |
EastGroup Properties's average Quarter net income forecast for Mar 24 is $76.93M, with a range of $61.55M to $92.32M. EGP's average Quarter net income forecast represents a 21.24% increase compared to the company's last Quarter net income of $63.45M (Dec 23).
EastGroup Properties SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 3 | 3 | 6 | 12 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 5 | 9 | 6 | 4 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $3.89M | $3.58M | $4.53M | $5.34M | $4.00M | $4.09M | $4.34M | $4.49M | $3.73M | $3.69M | $4.62M | $4.37M | $3.52M | $3.96M | $4.19M | $3.39M | $5.01M | $3.26M |
| Avg Forecast | $8.38M | $8.13M | $7.87M | $7.63M | $7.34M | $7.22M | $7.02M | $6.85M | $6.58M | $6.38M | $6.19M | $5.43M | $5.88M | $5.62M | $5.42M | $4.93M | $3.99M | $4.88M | $4.56M | $4.49M | $4.20M | $4.01M | $3.90M | $3.79M | $3.67M | $3.54M | $3.51M | $3.15M | $3.39M | $3.28M |
| High Forecast | $8.55M | $8.30M | $8.04M | $7.79M | $7.49M | $7.37M | $7.17M | $7.03M | $6.72M | $6.38M | $6.19M | $6.51M | $5.99M | $5.71M | $5.53M | $5.92M | $4.79M | $4.88M | $4.56M | $5.38M | $4.20M | $4.01M | $3.90M | $4.55M | $3.67M | $3.54M | $3.51M | $3.78M | $3.39M | $3.28M |
| Low Forecast | $8.12M | $7.88M | $7.63M | $7.39M | $7.11M | $7.00M | $6.81M | $6.61M | $6.46M | $6.37M | $6.19M | $4.34M | $5.74M | $5.55M | $5.25M | $3.95M | $3.20M | $4.88M | $4.56M | $3.59M | $4.20M | $4.01M | $3.90M | $3.03M | $3.67M | $3.54M | $3.51M | $2.52M | $3.39M | $3.28M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.66% | 0.64% | 0.84% | 1.08% | 1.00% | 0.84% | 0.95% | 1.00% | 0.89% | 0.92% | 1.19% | 1.15% | 0.96% | 1.12% | 1.20% | 1.08% | 1.48% | 0.99% |
EastGroup Properties's average Quarter SG&A projection for Mar 24 is $5.43M, based on 3 Wall Street analysts, with a range of $4.34M to $6.51M. The forecast indicates a 39.65% rise compared to EGP last annual SG&A of $3.89M (Dec 23).
EastGroup Properties EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 3 | 3 | 6 | 12 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 5 | 9 | 6 | 4 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $1.36 | $1.07 | $0.97 | $1.02 | $0.89 | $0.87 | $1.09 | $2.28 | $1.76 | $0.76 | $0.69 | $0.69 | $0.94 | $0.62 | $0.60 | $0.60 | $1.29 | $0.60 |
| Avg Forecast | - | - | - | - | $1.27 | $1.23 | $1.20 | $1.14 | $1.16 | $1.14 | $1.10 | $1.04 | $1.08 | $0.99 | $0.94 | $0.86 | $0.88 | $0.84 | $0.76 | $0.80 | $0.79 | $0.69 | $0.67 | $0.61 | $0.61 | $0.60 | $0.65 | $0.56 | $0.57 | $0.53 |
| High Forecast | - | - | - | - | $1.30 | $1.26 | $1.23 | $1.16 | $1.16 | $1.14 | $1.10 | $1.04 | $1.08 | $1.01 | $0.96 | $0.89 | $0.90 | $0.84 | $0.76 | $0.80 | $0.79 | $0.69 | $0.67 | $0.61 | $0.61 | $0.60 | $0.65 | $0.56 | $0.57 | $0.53 |
| Low Forecast | - | - | - | - | $1.22 | $1.18 | $1.15 | $1.13 | $1.15 | $1.14 | $1.10 | $1.04 | $1.07 | $0.97 | $0.90 | $0.83 | $0.84 | $0.84 | $0.76 | $0.80 | $0.79 | $0.69 | $0.67 | $0.61 | $0.61 | $0.60 | $0.65 | $0.56 | $0.57 | $0.53 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.26% | 1.08% | 1.04% | 1.18% | 1.02% | 1.04% | 1.44% | 2.84% | 2.23% | 1.10% | 1.03% | 1.13% | 1.53% | 1.03% | 0.92% | 1.06% | 2.26% | 1.13% |
According to 3 Wall Street analysts, EastGroup Properties's projected average Quarter EPS for Mar 24 is $1.04, with a low estimate of $1.04 and a high estimate of $1.04. This represents a -23.33% decrease compared to EGP previous annual EPS of $1.36 (Dec 23).
EastGroup Properties Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| COLD | Americold Realty Trust | $22.15 | $32.25 | 45.60% | Buy |
| PLYM | Plymouth Industrial REIT | $18.57 | $25.80 | 38.93% | Buy |
| LXP | LXP Industrial Trust | $9.17 | $12.50 | 36.31% | Buy |
| REXR | Rexford Industrial Realty | $42.95 | $54.00 | 25.73% | Buy |
| TRNO | Terreno Realty | $60.52 | $68.67 | 13.47% | Buy |
| FR | First Industrial Realty Trust | $52.99 | $58.45 | 10.30% | Hold |
| EGP | EastGroup Properties | $174.11 | $191.00 | 9.70% | Buy |