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NYSE: EGP
Eastgroup Properties Inc Stock Forecast, Predictions & Price Target

Analyst price target for EGP

Based on 10 analysts offering 12 month price targets for Eastgroup Properties Inc.
Min Forecast
$172.00+3.2%
Avg Forecast
$181.40+8.84%
Max Forecast
$200.00+20%

Should I buy or sell EGP stock?

Based on 10 analysts offering ratings for Eastgroup Properties Inc.
Buy
Strong Buy
2 analysts 20%
Buy
2 analysts 20%
Hold
6 analysts 60%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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EGP stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-05-31
lockedlocked$00.00+00.00%2024-05-06
lockedlocked$00.00+00.00%2024-05-02
lockedlocked$00.00+00.00%2024-05-01
lockedlocked$00.00+00.00%2024-04-30
Barclays
Bottom 9%
9
HoldMaintains$175.00+5.00%2024-04-29
Piper Sandler
Bottom 16%
16
Strong BuyMaintains$200.00+20.00%2024-04-29
Evercore ISI Group
Bottom 9%
9
HoldMaintains$178.00+6.80%2024-04-25
BMO Capital
Bottom 27%
27
BuyInitiates Coverage On$190.00+14.00%2024-04-22
Truist Securities
Top 19%
82
HoldMaintains$188.00+12.80%2024-02-20

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Forecast return on equity

Is EGP forecast to generate an efficient return?
Company
20.11%
Industry
18.22%
Market
83.08%
EGP's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is EGP forecast to generate an efficient return on assets?
Company
11.68%
Industry
9.61%
EGP is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

EGP earnings per share forecast

What is EGP's earnings per share in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$8.30+79.16%
Avg 2 year Forecast
$8.98+94.03%
Avg 3 year Forecast
$9.83+112.38%
EGP's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

EGP revenue forecast

What is EGP's revenue in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$637.0M+8.01%
Avg 2 year Forecast
$700.1M+18.7%
Avg 3 year Forecast
$799.2M+35.5%
EGP's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

EGP earnings growth forecast

How is EGP forecast to perform vs REIT - Industrial companies and vs the US market?
Company
28.3%
Industry
24.44%
Market
18.9%
EGP's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
EGP's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
EGP's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

EGP revenue growth forecast

How is EGP forecast to perform vs REIT - Industrial companies and vs the US market?
Company
10.13%
Industry
5.24%
Market
9.94%
EGP's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
EGP's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

EGP vs Industrial REIT Stocks

TickerPricePrice TargetUp/downsideConsensus
EGP$166.67$181.40+8.84%Buy
COLD$25.65$29.50+15.01%Buy
STAG$35.66$40.50+13.57%Hold
REXR$44.02$49.43+12.29%Hold
FR$47.58$53.89+13.26%Buy

Eastgroup Properties Stock Forecast FAQ

Is Eastgroup Properties Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 10 Wall Street analysts covering (NYSE: EGP) stock is to Buy EGP stock.

Out of 10 analysts, 2 (20%) are recommending EGP as a Strong Buy, 2 (20%) are recommending EGP as a Buy, 6 (60%) are recommending EGP as a Hold, 0 (0%) are recommending EGP as a Sell, and 0 (0%) are recommending EGP as a Strong Sell.

If you're new to stock investing, here's how to buy Eastgroup Properties stock.

What is EGP's earnings growth forecast for 2024-2026?

(NYSE: EGP) Eastgroup Properties's forecast annual earnings growth rate of 28.3% is forecast to beat the US REIT - Industrial industry's average forecast earnings growth rate of 24.44%, and it is also forecast to beat the US market's average forecast earnings growth rate of 18.9%.

Eastgroup Properties's earnings in 2024 is $214,445,000.On average, 8 Wall Street analysts forecast EGP's earnings for 2024 to be $399,357,068, with the lowest EGP earnings forecast at $398,153,460, and the highest EGP earnings forecast at $400,079,233. On average, 8 Wall Street analysts forecast EGP's earnings for 2025 to be $432,518,870, with the lowest EGP earnings forecast at $423,669,946, and the highest EGP earnings forecast at $438,113,239.

In 2026, EGP is forecast to generate $473,417,463 in earnings, with the lowest earnings forecast at $446,297,772 and the highest earnings forecast at $489,146,210.

What is EGP's revenue growth forecast for 2024-2026?

(NYSE: EGP) Eastgroup Properties's forecast annual revenue growth rate of 10.13% is forecast to beat the US REIT - Industrial industry's average forecast revenue growth rate of 5.24%, and it is also forecast to beat the US market's average forecast revenue growth rate of 9.94%.

Eastgroup Properties's revenue in 2024 is $589,790,000.On average, 7 Wall Street analysts forecast EGP's revenue for 2024 to be $30,669,082,207, with the lowest EGP revenue forecast at $30,117,155,815, and the highest EGP revenue forecast at $31,091,596,690. On average, 7 Wall Street analysts forecast EGP's revenue for 2025 to be $33,705,543,965, with the lowest EGP revenue forecast at $31,719,398,518, and the highest EGP revenue forecast at $35,390,883,751.

In 2026, EGP is forecast to generate $38,474,575,079 in revenue, with the lowest revenue forecast at $36,134,905,949 and the highest revenue forecast at $40,474,923,098.

What is EGP's forecast return on assets (ROA) for 2024-2027?

(NYSE: EGP) forecast ROA is 11.68%, which is higher than the forecast US REIT - Industrial industry average of 9.61%.

What is EGP's Price Target?

According to 10 Wall Street analysts that have issued a 1 year EGP price target, the average EGP price target is $181.40, with the highest EGP stock price forecast at $200.00 and the lowest EGP stock price forecast at $172.00.

On average, Wall Street analysts predict that Eastgroup Properties's share price could reach $181.40 by May 31, 2025. The average Eastgroup Properties stock price prediction forecasts a potential upside of 8.84% from the current EGP share price of $166.67.

What is EGP's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: EGP) Eastgroup Properties's current Earnings Per Share (EPS) is $4.63. On average, analysts forecast that EGP's EPS will be $8.30 for 2024, with the lowest EPS forecast at $8.27, and the highest EPS forecast at $8.31. On average, analysts forecast that EGP's EPS will be $8.98 for 2025, with the lowest EPS forecast at $8.80, and the highest EPS forecast at $9.10. In 2026, EGP's EPS is forecast to hit $9.83 (min: $9.27, max: $10.16).

What is EGP's forecast return on equity (ROE) for 2024-2027?

(NYSE: EGP) forecast ROE is 20.11%, which is considered strong.
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