Analyst John Kim of BMO Capital maintained a Buy rating on Eastgroup Properties, with a price target of $200.00.
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John Kim has given his Buy rating due to a combination of factors that highlight EastGroup Properties’ strong financial performance and strategic acquisitions. The company reported a better-than-expected Funds from Operations per share (FFOps) for the third quarter of 2025, while maintaining its full-year guidance slightly above market consensus. This positive outlook is further supported by an improvement in average same-store occupancy and a notable increase in cash same-store net operating income.
Additionally, EastGroup Properties has shown a strategic approach in its acquisitions, purchasing valuable assets and land in key markets such as Dallas and Raleigh. Despite a reduction in development starts due to tenant indecisiveness, the company continues to achieve higher development yields. The strong balance sheet, with a stable debt-to-adjusted EBITDA ratio, further reinforces the company’s financial health, making it a compelling investment opportunity.
In another report released on October 10, Wells Fargo also maintained a Buy rating on the stock with a $187.00 price target.