RBC Capital raised its price target on EastGroup Properties (NYSE: EGP) to $195 from $183 on Tuesday, while holding the stock at a Sector Perform rating. The updated target sits marginally above EGP’s most recent trade around $192.83, with the share price trading close to its 52-week high of $193.69.
The firm made the adjustment after EastGroup released fourth-quarter 2025 results. The company, a real estate investment trust with a market capitalization of $10.27 billion, reported a solid quarter and continued its run of profitability.
RBC highlighted a constructive fundamental outlook for the quarter and pointed to strong development leasing activity that EastGroup had previously disclosed in December 2025. The research note said leasing prospects remain favorable, and that outlook underpinned the higher price target.
At the same time, RBC slightly lowered its 2027 forecast, citing fewer development starts in 2025. The firm did not change its Sector Perform designation despite raising the target, signaling a cautious stance balanced with recognition of improving leasing conditions.
EastGroup’s fourth-quarter financials included an EPS of $1.27, which was modestly below the $1.30 analysts had expected. Revenues, however, outpaced projections, coming in at $187.5 million versus an anticipated $185.29 million.
Other research firms also reacted to the quarter with upward target revisions. KeyBanc raised its price objective for EastGroup to $205.00 from $200.00 and kept an Overweight rating following the fourth-quarter results, noting improvements compared with the third quarter of 2025. Baird likewise lifted its target to $203.00 from $200.00 and maintained an Outperform rating, citing an improving demand backdrop for industrial properties.
The cluster of price-target increases and maintained positive ratings from KeyBanc and Baird, coupled with RBC’s revised outlook, collectively point to an optimistic analyst mood about EastGroup’s leasing environment and near-term prospects. At the same time, RBC’s retention of a Sector Perform rating and its trimmed 2027 estimate reflect some caution tied specifically to development-start pacing.
Note: The article presents analyst updates and company results as reported for EastGroup Properties’ fourth-quarter 2025 period.