EastGroup Properties price target raised to $217 from $210 at Cantor Fitzgerald

Cantor Fitzgerald analyst Richard Anderson raised the firm’s price target on EastGroup Properties (EGP) to $217 from $210 and keeps an Overweight rating on the shares. Industrial REITs have delivered solid returns in 2026, but muted earnings reactions reflect limited guidance increases despite strong underlying fundamentals, the analyst tells investors in a research note. Optimism remains high due to demand from manufacturing and data centers, easing supply, and supply chain shifts, supporting a favorable outlook for the sector, the firm says.