KeyBanc downgraded EastGroup Properties (EGP) to Sector Weight from Overweight without a price target The firm sees a “new era” of real estate investment trust investing heading into 2025, saying lower supply growth creates a favorable backdrop for commercial real estate fundamentals. External growth may surprise to the upside but borrowing costs remains elevated and inflation may remain higher for longer, the analyst tells investors in a research note. While it is too early to assess the impact of new policies from the Trump administration, lower corporate tax rates would make REITs less alluring versus non-REIT equities, KeyBanc contends. The firm shuffled ratings as part of its 2025 outlook.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EGP:
- EastGroup Properties upgraded to Strong Buy from Outperform at Raymond James
- EastGroup Properties price target lowered to $186 from $190 at Truist
- EastGroup Properties price target lowered to $199 from $214 at Wells Fargo
- EastGroup Properties raises 2024 FFO view to $8.33 to $8.37 from $8.28-$8.38
- EastGroup Properties reports Q3 adjusted FFO $2.13, consensus $2.10