Piper Sandler has upgraded Eastgroup Properties Inc (EGP) to Overweight from Neutral as of December 11, 2025. The current share price stands at $182.37.
This upgrade reflects a more optimistic outlook on the company's prospects, potentially indicating improved fundamentals or enhanced confidence in its strategic direction. Eastgroup Properties is an internally-managed equity real estate investment trust, focusing on the development, acquisition, and operation of industrial properties. Its portfolio encompasses approximately 63.9 million square feet, primarily in the 20,000 to 100,000 square foot range.
As of December 11, 2025, Eastgroup Properties boasts a market cap of $9.7 billion, a P/E ratio of 39.24, and an EPS of 4.77. The company also offers a dividend yield of 339.5%. Upcoming earnings are scheduled for July 21, 2026, with an estimated EPS of $1.23 and revenue of $197.0 million.
Analyst consensus currently reflects 7 Strong Buy, 10 Buy, and 8 Hold ratings. This upgrade from Piper Sandler is part of a recent trend, following a similar upgrade from Keybanc on December 4, 2025.
Investor decisions should consider a range of factors, including company fundamentals and industry trends, as analyst ratings represent one of many inputs in the investment process.