Eastgroup Properties

EGP · NYSE

$201.25+$4.53 (+2.30%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $196.72

EGP analyst rating

BuyConsensus of 17 analysts over the last 12 months. 76% rate it a buy.

Strong buy0
Buy13
Hold4
Underperform0
Sell0

12-month price target · 22 analysts

Average $232.56 (+15.6% upside)

Low: $186.85
Now: $201.25
High: $281.40

Upgrades and downgrades

The latest rating actions, newest first

EGP analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Piper Sandler	Oct 12, 2026	Maintains	Overweight	$268.00 → $246.00	44%
Evercore ISI Group	Oct 2, 2026	Maintains	In-Line	$200.00 → $199.00	45%
JP Morgan	Sep 24, 2026	Upgrade	Neutral → Overweight	$231.00	53%
Evercore ISI Group	Sep 21, 2026	Maintains	In-Line	$202.00 → $200.00	45%
Evercore ISI Group	Sep 14, 2026	Maintains	In-Line	$206.00 → $202.00	45%
Wells Fargo	Sep 1, 2026	Maintains	Overweight	$221.00 → $232.00	42%
RBC Capital	Aug 3, 2026	Maintains	Sector Perform	$208.00 → $220.00	58%
Truist Securities	Jul 28, 2026	Maintains	Buy	$215.00 → $230.00	45%
Citigroup	Jul 24, 2026	Maintains	Buy	$235.00 → $250.00	44%
JP Morgan	Jul 24, 2026	Maintains	Neutral	$210.00 → $231.00	53%

The case for and against

Updated Oct 14, 2026

Bull case

EastGroup Properties is supported by a high-quality Sun Belt industrial portfolio with shallow-bay assets, strong embedded rent bumps of 2.5%–3.0%, and powerful secular demand from e-commerce, supply-chain modernization, near-shoring, and data-center related activity. Its outlook is reinforced by resilient development leasing, including roughly 685ksf of YTD leasing and 20% cash re-leasing spreads, while management’s decision to raise FY26 development starts to $265 million signals confidence in market recovery and future accretion. The company also stands out for one of the lowest levered balance sheets in the REIT universe, ample flexibility to fund growth, and FFO estimates around $9.60–$9.61 per share in 2026 and $10.25 per share in 2027.

Bear case

EastGroup Properties is facing a cautious outlook because expected 2027 FFO was lowered to $10.23 per share from $10.25, slightly below consensus, while growth is only projected at 7.0% in 2026 and 6.5% in 2027. Its valuation at 27.6x 2026 AFFO remains rich relative to peers at 28.2x, leaving limited room for disappointment if leasing slows, tenant credit weakens, or industrial demand softens. Although leverage is healthy at 3.0x net debt to EBITDA, risks from tariffs, oversupply, and weaker consumption could pressure fundamentals before the company’s long-term target of 4.5x or lower is reached.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.