A number of research firms have changed their ratings and price targets for EastGroup Properties (NYSE: EGP):
- 9/24/2026 – EastGroup Properties was upgraded by Weiss Ratings from “buy (b-)” to “buy (b)”.
- 9/24/2026 – EastGroup Properties was upgraded by JPMorgan Chase & Co. from “neutral” to “overweight”. They now have a $231.00 price target on the stock.
- 9/21/2026 – EastGroup Properties was given a new $200.00 price target by Evercore Inc.
- 9/14/2026 – EastGroup Properties was given a new $202.00 price target by Evercore Inc.
- 9/9/2026 – EastGroup Properties was downgraded by Weiss Ratings from “buy (b)” to “buy (b-)”.
- 9/1/2026 – EastGroup Properties had its price target raised by Wells Fargo & Company from $221.00 to $232.00. They now have an “overweight” rating on the stock.
- 8/13/2026 – EastGroup Properties had its “overweight” rating reaffirmed by Piper Sandler.
- 8/3/2026 – EastGroup Properties had its price target raised by Royal Bank Of Canada from $208.00 to $220.00. They now have a “sector perform” rating on the stock.
- 7/31/2026 – EastGroup Properties was given a new $221.00 price target by Robert W. Baird.
EastGroup Properties Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $1.75 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from EastGroup Properties’s previous quarterly dividend of $1.55. EastGroup Properties’s payout ratio is currently 108.77%.
EastGroup concentrates its portfolio in major Sun Belt markets, with a presence in states including Arizona, California, Florida, Georgia, Nevada, North Carolina, Oklahoma, Tennessee and Texas.
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