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

Reuters
Jan 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))

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