Evercore ISI Maintains Hold Rating on Eastgroup Properties with $176 Target Price

Evercore ISI analyst Steve Sakwa maintains a Hold rating on Eastgroup Properties with a price target of $176.00, citing the company's latest earnings release for the quarter ending March 31, which reported a revenue of $174.45 million and a net profit of $59.42 million. Sakwa has a 50.92% success rate on recommended stocks.

EastGroup Properties (EGP) reported robust financial performance for the quarter ended June 2025, with revenue up 11.4% year-over-year to $177.29 million. This figure surpassed the Zacks Consensus Estimate of $175.54 million by 0.99%, indicating strong market performance. The company also reported EPS of $2.21, a 99.3% increase from the same period last year, outpacing the consensus estimate of $2.20 by 0.45% [1].

Key financial metrics for the quarter included:
- Revenue from Real Estate Operations: $177.26 million, a 12.7% year-over-year increase, compared to an average analyst estimate of $175.22 million.
- Other Revenue: $0.01 million, down 99.3% year-over-year from $0.13 million estimated by analysts.
- Net Earnings Per Share (Diluted): $1.20, slightly above the average analyst estimate of $1.19.

Analysts at Evercore ISI, led by Steve Sakwa, maintain a Hold rating on EGP with a price target of $176.00, citing the company's latest earnings release for the quarter ending March 31. Sakwa's 50.92% success rate on recommended stocks adds credibility to his analysis [2].

Shares of EGP have returned -3.4% over the past month, underperforming the Zacks S&P 500 composite's +5.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating potential alignment with broader market performance in the near term.

References:
[1] https://finance.yahoo.com/news/eastgroup-properties-egp-reports-q2-220004217.html
[2] https://www.evercore.com/