Evercore ISI Downgrades EastGroup Properties (EGP) to In Line

Evercore ISI analyst Steve Sakwa downgraded EastGroup Properties (NYSE: EGP) from Outperform to In Line with a price target of $185.00 (from $181.00).

The analyst comments "On the flipside, Eastgroup (EGP) has substantially outperformed the REIT sector in 2025 with a 12% gain, surpassing both the industrial and REIT sectors by 600 and 1,200bp, respectively. While EGP’s shallow bay industrial portfolio remains well leased at 97% and demand still remains solid despite tariff concerns, the implied upside is limited based on the stock’s $180 closing price on Friday and our new $185 PT."

For an analyst ratings summary and ratings history on EastGroup Properties click here. For more ratings news on EastGroup Properties click here.

Shares of EastGroup Properties closed at $179.92 yesterday.

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