BUZZ-Barclays lifts BXP, Eastgroup Properties to 'overweight'

Reuters01-13
BUZZ-Barclays lifts BXP, Eastgroup Properties to 'overweight'

** Barclays upgrades real estate investment trust BXP's BXP.N and Eastgroup Properties' EGP.N ratings to "overweight" from "equal-weight"

** Brokerage says BXP's occupancy gains, portfolio optimization, and new projects could spark FFO per share growth in 2026, with momentum accelerating in 2027

** Barclays says its outlook on EGP has turned more favorable, driven by strong capital deployment and sustained performance

** 11 brokerages rate BXP 'buy' or higher and 11 'hold,' with a median price target of $79; 14 of 20 rate EGP 'buy' or higher and 6 'hold,' with a median target of $200 - data compiled by LSEG

** BXP stock down 9.3% and EGP up 11% in 2025

Company

New PT

Old PT

BXP

$82

$78

Eastgroup Properties

$210

$182

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment