- EastGroup Properties (EGP, Financial) sees a 7.1% rise in Q1 2025 funds from operations, reaching $2.12 per share.
- Analysts predict a potential 16.93% upside with an average price target of $190.50.
- The stock holds a consensus "Outperform" rating, with expectations of a 28.11% upside based on GuruFocus' GF Value estimate.
EastGroup Properties (EGP) has reported an impressive 7.1% growth in its funds from operations (FFO) for the first quarter of 2025, totaling $2.12 per share. This strong performance is underpinned by high occupancy rates and astute strategic leasing decisions. While there has been a slight dip in average occupancy, the company still achieved a 5.2% increase in cash same-store net operating income (NOI).
Wall Street Analysts Forecast
According to price targets set by 18 financial analysts, EastGroup Properties Inc (EGP, Financial) is projected to reach an average target price of $190.50 over the next year. The highest estimate places the stock at $218.00, while the lowest is $165.00. This average target suggests an encouraging upside of 16.93% from the current trading price of $162.92. For more comprehensive forecast data, visit the EastGroup Properties Inc (EGP) Forecast page.
The consensus recommendation from 21 brokerage firms rates EastGroup Properties Inc (EGP, Financial) at an average of 2.0, indicative of an "Outperform" status. Within this rating system, scores range from 1 (Strong Buy) to 5 (Sell), positioning EGP as a robust investment choice.
Looking at the GF Value analysis, GuruFocus estimates EastGroup Properties Inc (EGP, Financial) to reach a value of $208.71 within the next year. This projection points to a potential upside of 28.11% from its current trading price of $162.92. The GF Value metric considers historical trading multiples, past business performance, and future growth projections to evaluate the fair market value of the stock. Investors can explore further details at the EastGroup Properties Inc (EGP) Summary page.
