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

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EGP Stock Forecast

EastGroup Properties stock forecast is as follows: an average price target of $201.67 (represents a 24.92% upside from EGP’s last price of $161.44) 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 $201.67 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 $186.00. This represents a potential 24.92% upside from EGP's last price of $161.44.

EGP Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 16, 2024Steve SakwaEvercore ISI$204.00$187.508.80%26.36%
Sep 05, 2024Vikram MalhotraMizuho Securities$200.00$185.707.70%23.89%
Aug 28, 2024Blaine HeckWells Fargo$214.00$186.6014.68%32.56%
Jul 30, 2024Michael CarrolRBC Capital$186.00$187.07-0.57%15.21%
Jul 30, 2024Brendan LynchBarclays$198.00$187.075.84%22.65%
Jul 22, 2024Richard AndersonWedbush$208.00$187.6010.87%28.84%
May 31, 2024Vikram MalhotraMizuho Securities$175.00$160.818.82%8.40%
May 06, 2024Michael CarrolRBC Capital$172.00$159.867.59%6.54%
Apr 29, 2024Alexander GoldfarbPiper Sandler$200.00$158.3426.31%23.89%
Apr 01, 2024Steve SakwaEvercore ISI$190.00$179.775.69%17.69%
Oct 31, 2023William CrowRaymond James$180.00$161.1411.70%11.50%
Oct 18, 2023Richard AndersonWedbush$175.00$166.355.20%8.40%
Nov 30, 2022Truist Financial$170.00$151.2012.43%5.30%
Nov 22, 2022Wells Fargo$160.00$155.662.79%-0.89%
Apr 21, 2021Omotayo OkusanyaCredit Suisse$150.00$152.85-1.86%-7.09%

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 26.36% increase from EGP last price ($161.44).

EastGroup Properties Price Target by Period

1M3M12M
# Anlaysts--10
Avg Price Target--$194.70
Last Closing Price$161.44$161.44$161.44
Upside/Downside-100.00%-100.00%20.60%

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 $161.44. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
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
Jun 04, 2024Exane BNP ParibasNeutralInitialise
May 31, 2024RBC CapitalSector PerformSector PerformHold
May 31, 2024Piper SandlerUnderperformUnderperformHold
May 06, 2024RBC CapitalSector PerformSector PerformHold
Apr 29, 2024Piper SandlerOverweightOverweightHold
Feb 16, 2024Truist FinancialSector PerformSector PerformHold
Feb 16, 2024RBC CapitalUnderperformUnderperformHold
Jan 16, 2024Raymond JamesUnderperformUnderperformHold
Jan 16, 2024Truist FinancialHoldHoldHold
Oct 27, 2023Raymond JamesOutperformUpgrade
Oct 18, 2023WedbushNeutralInitialise
Jun 12, 2023CitigroupBuyUpgrade
Mar 20, 2023Mizuho SecuritiesBuyUpgrade
Feb 08, 2023Piper SandlerOverweightOverweightHold
Dec 14, 2022KeyBancOverweightUpgrade
Nov 22, 2022Wells FargoEqual-WeightEqual-WeightHold

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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$212.75M$206.48M$200.12M$193.94M$186.76M$183.31M$178.42M$174.06M$166.92M$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$218.57M$212.13M$205.59M$199.24M$191.86M$188.32M$183.30M$179.41M$171.42M$161.57M$156.70M$152.27M$151.74M$144.60M$140.91M$136.45M$131.49M$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$204.11M$198.10M$191.99M$186.06M$179.17M$175.86M$171.18M$167.37M$163.76M$161.46M$156.70M$152.27M$145.41M$140.68M$131.59M$127.42M$122.79M$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
# Analysts4444333563336129955556666959644
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts4444333563336129955556666959644
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$145.44M$141.15M$136.80M$132.58M$127.67M$125.31M$121.97M$118.99M$114.11M$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$149.41M$145.01M$140.55M$136.20M$131.16M$128.74M$125.31M$122.65M$117.18M$110.45M$107.12M$156.16M$103.73M$98.85M$96.33M$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$139.53M$135.42M$131.25M$127.19M$122.48M$120.22M$117.02M$114.41M$111.94M$110.38M$107.12M$104.10M$99.40M$96.17M$89.95M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts4444333563336129955556666959644
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----$61.74M$59.29M$58.31M$55.37M$56.37M$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$61.40M$60.38M$56.14M$56.63M$55.80M$53.83M$92.32M$53.02M$49.49M$47.49M$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----$58.48M$56.16M$55.23M$54.85M$56.10M$55.64M$53.81M$61.55M$52.23M$47.53M$43.44M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts4444333563336129955556666959644
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$8.40M$8.15M$7.90M$7.66M$7.37M$7.24M$7.04M$6.87M$6.59M$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$8.63M$8.38M$8.12M$7.87M$7.58M$7.44M$7.24M$7.08M$6.77M$6.38M$6.19M$6.51M$5.99M$5.71M$5.56M$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$8.06M$7.82M$7.58M$7.35M$7.07M$6.94M$6.76M$6.61M$6.47M$6.37M$6.19M$4.34M$5.74M$5.55M$5.20M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts4444333563336129955556666959644
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----$1.26$1.21$1.19$1.13$1.15$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$1.25$1.23$1.15$1.16$1.14$1.10$1.04$1.08$1.01$0.97$0.89$0.91$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----$1.19$1.15$1.13$1.12$1.15$1.14$1.10$1.04$1.07$0.97$0.89$0.82$0.83$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
COLDAmericold Realty Trust$22.32$31.2039.78%Buy
REXRRexford Industrial Realty$39.92$51.8029.76%Buy
PLYMPlymouth Industrial REIT$19.10$24.0025.65%Buy
LXPLXP Industrial Trust$8.78$11.0025.28%Buy
EGPEastGroup Properties$167.72$201.6720.24%Buy
TRNOTerreno Realty$61.98$73.3318.31%Buy
FRFirst Industrial Realty Trust$52.01$59.0013.44%Hold

EGP Forecast FAQ

Is EastGroup Properties a good buy?

Yes, according to 11 Wall Street analysts, EastGroup Properties (EGP) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 54.55% of EGP's total ratings.

What is EGP's price target?

EastGroup Properties (EGP) average price target is $201.67 with a range of $186 to $214, implying a 24.92% from its last price of $161.44. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will EastGroup Properties stock go up soon?

According to Wall Street analysts' prediction for EGP stock, the company can go up by 24.92% (from the last price of $161.44 to the average price target of $201.67), up by 32.56% based on the highest stock price target, and up by 15.21% based on the lowest stock price target.

Can EastGroup Properties stock reach $200?

EGP's average twelve months analyst stock price target of $201.67 supports the claim that EastGroup Properties can reach $200 in the near future.

What are EastGroup Properties's analysts' financial forecasts?

EastGroup Properties's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $722.55M (high $742.9M, low $693.58M), average EBITDA is $493.94M (high $507.85M, low $474.13M), average net income is $234.71M (high $241.85M, low $224.72M), average SG&A $28.53M (high $29.33M, low $27.38M), and average EPS is $4.79 (high $4.94, low $4.59). EGP's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $813.29M (high $835.53M, low $780.25M), average EBITDA is $555.97M (high $571.17M, low $533.39M), average net income is $0 (high $0, low $0), average SG&A $32.11M (high $32.99M, low $30.81M), and average EPS is $0 (high $0, low $0).

Did the EGP's actual financial results beat the analysts' financial forecasts?

Based on EastGroup Properties's last annual report (Dec 2023), the company's revenue was $570.59M, beating the average analysts forecast of $561.26M by 1.66%. Apple's EBITDA was $398.71M, missing the average prediction of $411.18M by -3.03%. The company's net income was $200.49M, missing the average estimation of $217.07M by -7.64%. Apple's SG&A was $17.34M, missing the average forecast of $21.85M by -20.64%. Lastly, the company's EPS was $4.43, beating the average prediction of $3.87 by 14.57%. In terms of the last quarterly report (Dec 2023), EastGroup Properties's revenue was $149.15M, beating the average analysts' forecast of $148.9M by 0.17%. The company's EBITDA was $105.94M, beating the average prediction of $101.79M by 4.07%. EastGroup Properties's net income was $63.46M, beating the average estimation of $52.76M by 20.28%. The company's SG&A was $3.89M, missing the average forecast of $5.88M by -33.90%. Lastly, the company's EPS was $1.36, beating the average prediction of $1.08 by 26.32%