EastGroup Properties (EGP) Stock Forecast, Price Target & Predictions
EGP Stock Forecast
EastGroup Properties stock forecast is as follows: an average price target of $189.60 (represents a 1.12% upside from EGP’s last price of $187.50) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
EGP Price Target
The average price target for EastGroup Properties (EGP) is $189.60 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $214.00 to $150.00. This represents a potential 1.12% upside from EGP's last price of $187.50.
EGP Analyst Ratings
According to 10 Wall Street analysts, EastGroup Properties's rating consensus is 'Buy'. The analyst rating breakdown for EGP stock is 0 'Strong Buy' (0.00%), 5 'Buy' (50.00%), 5 'Hold' (50.00%), 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 05, 2024 | Vikram Malhotra | Mizuho Securities | $200.00 | $185.70 | 7.70% | 6.67% |
| Aug 28, 2024 | Blaine Heck | Wells Fargo | $214.00 | $186.60 | 14.68% | 14.13% |
| Jul 30, 2024 | Michael Carrol | RBC Capital | $186.00 | $187.07 | -0.57% | -0.80% |
| Jul 30, 2024 | Brendan Lynch | Barclays | $198.00 | $187.07 | 5.84% | 5.60% |
| Jul 22, 2024 | Richard Anderson | Wedbush | $208.00 | $187.60 | 10.87% | 10.93% |
| May 31, 2024 | Vikram Malhotra | Mizuho Securities | $175.00 | $160.81 | 8.82% | -6.67% |
| May 06, 2024 | Michael Carrol | RBC Capital | $172.00 | $159.86 | 7.59% | -8.27% |
| Apr 29, 2024 | Alexander Goldfarb | Piper Sandler | $200.00 | $158.34 | 26.31% | 6.67% |
| Apr 01, 2024 | Steve Sakwa | Evercore ISI | $190.00 | $179.77 | 5.69% | 1.33% |
| Oct 31, 2023 | William Crow | Raymond James | $180.00 | $161.14 | 11.70% | -4.00% |
The latest EastGroup Properties stock forecast, released on Sep 05, 2024 by Vikram Malhotra from Mizuho Securities, set a price target of $200.00, which represents a 7.70% increase from the stock price at the time of the forecast ($185.70), and a 6.67% increase from EGP last price ($187.50).
EastGroup Properties Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 5 | 11 |
| Avg Price Target | $207.00 | $201.20 | $190.73 |
| Last Closing Price | $187.50 | $187.50 | $187.50 |
| Upside/Downside | 10.40% | 7.31% | 1.72% |
In the current month, the average price target of EastGroup Properties stock is $207.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 10.40% increase as opposed to EastGroup Properties's last price of $187.50. This month's average price target is up 2.88% compared to last quarter, and up 8.53% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 |
| May 31, 2024 | Piper Sandler | Underperform | Underperform | Hold |
EastGroup Properties's last stock rating was published by Wells Fargo on Aug 28, 2024. The company Upgrade its EGP rating from "Equal-Weight" to "Overweight".
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 | Jul 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 | - | $112.97M | $107.37M | $104.60M | $99.58M | $97.93M | $92.67M | $92.01M | $89.72M | $88.63M | $86.55M | $83.94M |
| Avg Forecast | $208.28M | $202.75M | $197.21M | $191.90M | $182.71M | $178.18M | $174.69M | $170.79M | $165.97M | $161.50M | $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 | $210.83M | $205.23M | $199.62M | $194.25M | $184.94M | $180.35M | $176.82M | $172.88M | $167.99M | $163.47M | $158.62M | $154.13M | $151.74M | $144.60M | $138.83M | $134.44M | $129.55M | $125.20M | $115.60M | $112.90M | $108.97M | $104.05M | $101.15M | $96.89M | $95.28M | $91.95M | $90.99M | $89.90M | $88.06M | $85.17M |
| Low Forecast | $205.01M | $199.56M | $194.11M | $188.88M | $179.83M | $175.37M | $171.94M | $168.10M | $163.35M | $158.81M | $154.24M | $149.87M | $145.41M | $140.68M | $135.00M | $130.72M | $125.97M | $121.74M | $115.60M | $106.58M | $102.87M | $98.22M | $95.48M | $91.47M | $89.94M | $86.80M | $85.90M | $84.87M | $83.13M | $80.40M |
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 3 | 6 | 12 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.03% | 1.02% | 1.02% | 1.01% | 1.02% | - | 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 $149.87M, and a high forecast of $154.13M. 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 3 | 6 | 12 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $105.94M | $102.72M | $98.33M | $93.93M | $90.89M | $86.86M | - | $77.70M | $112.64M | $70.97M | $66.61M | $65.41M | $76.09M | $61.42M | $59.85M | $59.12M | $57.02M | $56.57M |
| Avg Forecast | $142.35M | $138.57M | $134.78M | $131.15M | $124.87M | $121.77M | $119.39M | $116.72M | $113.43M | $110.37M | $107.10M | $130.13M | $101.76M | $97.31M | $93.74M | $118.30M | $87.47M | $74.35M | $79.00M | $107.55M | $72.70M | $67.59M | $65.67M | $56.82M | $38.41M | $59.36M | $54.41M | $54.89M | $83.01M | $50.28M |
| High Forecast | $144.09M | $140.26M | $136.43M | $132.75M | $126.39M | $123.26M | $120.84M | $118.15M | $114.81M | $111.72M | $108.40M | $156.16M | $103.71M | $98.82M | $94.88M | $141.96M | $88.54M | $89.22M | $79.00M | $129.05M | $74.47M | $81.11M | $78.81M | $68.18M | $46.09M | $71.23M | $65.29M | $65.87M | $99.61M | $60.34M |
| Low Forecast | $140.11M | $136.39M | $132.66M | $129.09M | $122.90M | $119.85M | $117.51M | $114.89M | $111.64M | $108.53M | $105.41M | $104.10M | $99.38M | $96.15M | $92.26M | $94.64M | $86.09M | $59.48M | $79.00M | $86.04M | $70.30M | $54.08M | $52.54M | $45.45M | $30.73M | $47.49M | $43.53M | $43.91M | $66.41M | $40.23M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 1.06% | 1.05% | 0.79% | 1.04% | 1.17% | - | 0.72% | 1.55% | 1.05% | 1.01% | 1.15% | 1.98% | 1.03% | 1.10% | 1.08% | 0.69% | 1.13% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 3 | 6 | 12 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $63.45M | $48.90M | $43.45M | $44.69M | $38.67M | $37.79M | - | $93.93M | $71.89M | $30.77M | $27.56M | $27.34M | $37.18M | $24.40M | $23.48M | $23.30M | $49.61M | $22.57M |
| Avg Forecast | - | - | - | - | $64.62M | $61.24M | $59.14M | $56.08M | $57.69M | $54.97M | $53.11M | $76.93M | $52.05M | $47.86M | $45.25M | $69.94M | $42.35M | $32.25M | $36.33M | $63.58M | $70.07M | $29.32M | $27.18M | $23.75M | $18.77M | $23.59M | $21.35M | $21.63M | $48.44M | $20.06M |
| High Forecast | - | - | - | - | $65.65M | $62.21M | $60.08M | $56.97M | $58.61M | $55.24M | $53.95M | $92.32M | $52.31M | $48.83M | $45.97M | $83.93M | $43.02M | $38.70M | $36.33M | $76.30M | $84.08M | $35.18M | $32.61M | $28.50M | $22.53M | $28.31M | $25.62M | $25.96M | $58.13M | $24.08M |
| Low Forecast | - | - | - | - | $63.30M | $59.98M | $57.93M | $54.93M | $56.51M | $54.45M | $52.02M | $61.55M | $51.53M | $46.89M | $44.32M | $55.95M | $41.48M | $25.80M | $36.33M | $50.86M | $56.06M | $23.45M | $21.74M | $19.00M | $15.02M | $18.87M | $17.08M | $17.31M | $38.75M | $16.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.22% | 1.02% | 0.96% | 0.64% | 0.91% | 1.17% | - | 1.48% | 1.03% | 1.05% | 1.01% | 1.15% | 1.98% | 1.03% | 1.10% | 1.08% | 1.02% | 1.13% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 3 | 6 | 12 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $3.89M | $3.58M | $4.53M | $5.34M | $4.00M | $4.09M | - | $4.49M | $3.73M | $3.69M | $4.62M | $4.37M | $3.52M | $3.96M | $4.19M | $3.39M | $5.01M | $3.26M |
| Avg Forecast | $8.22M | $8.01M | $7.79M | $7.58M | $7.21M | $7.03M | $6.90M | $6.74M | $6.55M | $6.38M | $6.19M | $5.43M | $5.88M | $5.62M | $5.42M | $4.93M | $5.05M | $3.87M | $4.56M | $4.49M | $3.63M | $3.52M | $4.56M | $3.79M | $1.78M | $3.83M | $3.81M | $3.15M | $4.89M | $2.90M |
| High Forecast | $8.32M | $8.10M | $7.88M | $7.67M | $7.30M | $7.12M | $6.98M | $6.83M | $6.63M | $6.45M | $6.26M | $6.51M | $5.99M | $5.71M | $5.48M | $5.92M | $5.11M | $4.64M | $4.56M | $5.38M | $4.36M | $4.22M | $5.47M | $4.55M | $2.13M | $4.60M | $4.57M | $3.78M | $5.87M | $3.48M |
| Low Forecast | $8.09M | $7.88M | $7.66M | $7.46M | $7.10M | $6.92M | $6.79M | $6.64M | $6.45M | $6.27M | $6.09M | $4.34M | $5.74M | $5.55M | $5.33M | $3.95M | $4.97M | $3.10M | $4.56M | $3.59M | $2.91M | $2.81M | $3.65M | $3.03M | $1.42M | $3.06M | $3.05M | $2.52M | $3.91M | $2.32M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.66% | 0.64% | 0.84% | 1.08% | 0.79% | 1.06% | - | 1.00% | 1.03% | 1.05% | 1.01% | 1.15% | 1.98% | 1.03% | 1.10% | 1.08% | 1.02% | 1.13% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 3 | 6 | 12 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $1.36 | $1.07 | $0.97 | $1.02 | $0.89 | $0.87 | - | $2.28 | $1.76 | $0.76 | $0.69 | $0.69 | $0.94 | $0.62 | $0.60 | $0.60 | $1.29 | $0.60 |
| Avg Forecast | - | - | - | - | $1.34 | $1.27 | $1.22 | $1.16 | $1.19 | $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 | - | - | - | - | $1.36 | $1.29 | $1.24 | $1.18 | $1.21 | $1.14 | $1.12 | $1.06 | $1.08 | $1.01 | $0.95 | $0.88 | $0.89 | $0.85 | $0.76 | $0.83 | $0.82 | $0.72 | $0.69 | $0.63 | $0.63 | $0.62 | $0.67 | $0.58 | $0.59 | $0.55 |
| Low Forecast | - | - | - | - | $1.31 | $1.24 | $1.20 | $1.14 | $1.17 | $1.13 | $1.08 | $1.02 | $1.07 | $0.97 | $0.92 | $0.85 | $0.86 | $0.82 | $0.76 | $0.77 | $0.76 | $0.66 | $0.64 | $0.58 | $0.59 | $0.58 | $0.62 | $0.54 | $0.55 | $0.51 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.26% | 1.08% | 1.04% | 1.18% | 1.02% | 1.04% | - | 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 $1.02 and a high estimate of $1.06. 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 |
|---|---|---|---|---|---|
| LXP | LXP Industrial Trust | $10.16 | $14.00 | 37.80% | Buy |
| COLD | Americold Realty Trust | $29.02 | $32.25 | 11.13% | Buy |
| PLYM | Plymouth Industrial REIT | $23.10 | $25.40 | 9.96% | Buy |
| FR | First Industrial Realty Trust | $56.34 | $60.22 | 6.89% | Buy |
| REXR | Rexford Industrial Realty | $50.59 | $54.00 | 6.74% | Buy |
| EGP | EastGroup Properties | $187.50 | $189.60 | 1.12% | Buy |
| TRNO | Terreno Realty | $69.53 | $66.40 | -4.50% | Buy |
EGP Forecast FAQ
Is EastGroup Properties a good buy?
Yes, according to 10 Wall Street analysts, EastGroup Properties (EGP) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 50.00% of EGP's total ratings.
What is EGP's price target?
EastGroup Properties (EGP) average price target is $189.6 with a range of $150 to $214, implying a 1.12% from its last price of $187.5. The data is based on 10 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 1.12% (from the last price of $187.5 to the average price target of $189.6), up by 14.13% based on the highest stock price target, and down by -20.00% based on the lowest stock price target.
Can EastGroup Properties stock reach $300?
EGP's average twelve months analyst stock price target of $189.6 does not support the claim that EastGroup Properties can reach $300 in the near future.
What is EastGroup Properties's current price target trend?
2 Wall Street analysts forecast a $207 price target for EastGroup Properties (EGP) this month, up 10.40% from its last price of $187.5. Compared to the last 3 and 12 months, the average price target increased by 7.31% and increased by 1.72%, respectively.
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 $706.36M (high $714.99M, low $695.24M), average EBITDA is $482.75M (high $488.64M, low $475.15M), average net income is $241.08M (high $244.91M, low $236.15M), average SG&A $27.89M (high $28.23M, low $27.45M), and average EPS is $4.99 (high $5.07, low $4.88). EGP's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $800.15M (high $809.92M, low $787.56M), average EBITDA is $546.85M (high $553.52M, low $538.24M), average net income is $0 (high $0, low $0), average SG&A $31.59M (high $31.98M, low $31.09M), 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 $411.11M by -3.02%. The company's net income was $200.49M, missing the average estimation of $215.1M by -6.79%. 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 $101.76M by 4.10%. EastGroup Properties's net income was $63.46M, beating the average estimation of $52.05M by 21.91%. 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%