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EastGroup Properties (EGP) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

EGP Stock Forecast

EastGroup Properties (EGP) stock forecast, based on 13 Wall Street analysts, predicts a 12-month average price target of $206.00, with a high of $214.00 and a low of $200.00. This represents a 19.77% increase from the last price of $172.00.

$155 $167 $179 $191 $203 $215 High: $214 Avg: $206 Low: $200 Last Closed Price: $172

EGP Stock Rating

EastGroup Properties stock's rating consensus is Buy, based on 13 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 8 Buy (61.54%), 5 Hold (38.46%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 13 0 5 8 Strong Sell Sell Hold Buy Strong Buy

EGP Price Target Upside V Benchmarks

TypeNameUpside
StockEastGroup Properties19.77%
SectorReal Estate Stocks 14.12%
IndustryIndustrial REIT Stocks 20.68%

Price Target Trends

1M3M12M
# Anlaysts--10
Avg Price Target--$194.70
Last Closing Price$172.00$172.00$172.00
Upside/Downside--13.20%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Feb, 252117--20
Jan, 252118--21
Dec, 242108--20
Nov, 2429102-23
Oct, 2458102-25
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 16, 2024Steve SakwaEvercore ISI$204.00$187.508.80%18.60%
Sep 05, 2024Vikram MalhotraMizuho Securities$200.00$185.707.70%16.28%
Aug 28, 2024Blaine HeckWells Fargo$214.00$186.6014.68%24.42%
Jul 30, 2024Michael CarrolRBC Capital$186.00$187.07-0.57%8.14%
Jul 30, 2024Brendan LynchBarclays$198.00$187.075.84%15.12%
Jul 22, 2024Richard AndersonWedbush$208.00$187.6010.87%20.93%
May 31, 2024Vikram MalhotraMizuho Securities$175.00$160.818.82%1.74%
May 06, 2024Michael CarrolRBC Capital$172.00$159.867.59%-
Apr 29, 2024Alexander GoldfarbPiper Sandler$200.00$158.3426.31%16.28%
Apr 01, 2024Steve SakwaEvercore ISI$190.00$179.775.69%10.47%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Jan 14, 2025Deutsche BankBuyinitialise
Jan 01, 2025JefferiesBuyupgrade
Sep 16, 2024Evercore ISIOutperformupgrade
Aug 28, 2024Wells FargoEqual-WeightOverweightupgrade
Aug 22, 2024Morgan StanleyEqual-WeightEqual-Weighthold
Jul 30, 2024KeyBancOverweightOverweighthold
Jul 30, 2024RBC CapitalSector PerformSector Performhold
Jul 30, 2024BarclaysEqual-WeightEqual-Weighthold
Jul 22, 2024WedbushNeutralOutperformupgrade
Jun 06, 2024CitigroupBuyBuyhold

Financial Forecast

EPS Forecast

$1 $2 $3 $4 $5 $6 $7 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$1.87$3.07$4.37$4.43-----
Avg Forecast$2.38$2.93$4.16$4.13$4.58$4.74$5.22$5.55$6.09
High Forecast$2.26$2.78$3.95$4.09$4.56$4.60$4.71$4.86$5.64
Low Forecast$2.46$3.03$4.34$4.15$4.60$4.80$5.94$6.24$6.43
Surprise %-21.43%4.78%5.05%7.26%-----

Revenue Forecast

$300M $470M $640M $810M $980M $1B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$363.02M$409.48M$487.02M$570.59M-----
Avg Forecast$363.31M$408.46M$484.94M$568.37M$641.81M$713.42M$786.10M$967.90M$1.08B
High Forecast$349.66M$393.12M$465.95M$565.59M$638.09M$679.36M$784.35M$952.02M$1.01B
Low Forecast$373.50M$419.92M$500.98M$572.46M$646.98M$743.73M$787.86M$983.77M$1.12B
Surprise %-0.08%0.25%0.43%0.39%-----

Net Income Forecast

$50M $100M $150M $200M $250M $300M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$73.49M$123.78M$186.18M$200.49M-----
Avg Forecast$85.34M$150.32M$202.56M$200.49M$207.47M$213.07M$241.56M$251.59M$276.07M
High Forecast$68.27M$120.25M$162.05M$160.39M$206.60M$208.74M$213.72M$220.11M$255.47M
Low Forecast$102.41M$180.38M$243.08M$240.59M$208.34M$217.39M$269.40M$283.06M$291.32M
Surprise %-13.88%-17.65%-8.09%------

EGP Forecast FAQ

Is EastGroup Properties stock a buy?

EastGroup Properties stock has a consensus rating of Buy, based on 13 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 8 Buy, 5 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that EastGroup Properties is a favorable investment for most analysts.

What is EastGroup Properties's price target?

EastGroup Properties's price target, set by 13 Wall Street analysts, averages $206 over the next 12 months. The price target range spans from $200 at the low end to $214 at the high end, suggesting a potential 19.77% change from the previous closing price of $172.

How does EastGroup Properties stock forecast compare to its benchmarks?

EastGroup Properties's stock forecast shows a 19.77% upside, outperforming the average forecast for the real estate stocks sector (14.12%) and underperforming the industrial reit stocks industry (20.68%).

What is the breakdown of analyst ratings for EastGroup Properties over the past three months?

  • February 2025: 10.00% Strong Buy, 55.00% Buy, 35.00% Hold, 0% Sell, 0% Strong Sell.
  • January 2025: 9.52% Strong Buy, 52.38% Buy, 38.10% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 10.00% Strong Buy, 50.00% Buy, 40.00% Hold, 0% Sell, 0% Strong Sell.

What is EastGroup Properties’s EPS forecast?

EastGroup Properties's average annual EPS forecast for its fiscal year ending in December is $4.58 for 2024, a 3.39% increase from the reported $4.43 in 2023. The prediction for 2025 is $4.74, $5.22 for 2026, $5.55 for 2027, and $6.09 for 2028.

What is EastGroup Properties’s revenue forecast?

EastGroup Properties's average annual revenue forecast for its fiscal year ending in December is $641.81M for 2024, a 12.48% increase from the reported $570.59M in 2023. The forecast for 2025 is $713.42M, $786.1M for 2026, $967.9M for 2027, and $1.08B for 2028.

What is EastGroup Properties’s net income forecast?

For its fiscal year ending in December, EastGroup Properties's average annual net income forecast is $207.47M for 2024, reflecting an 3.48% increase from the reported $200.49M in 2023. The projection for 2025 is $213.07M, $241.56M for 2026, $251.59M for 2027, and $276.07M for 2028.