Jacksonville, Florida-based Regency Centers Corporation (REG) is a prominent REIT. It owns, manages, and develops grocery-anchored shopping centers in affluent suburban areas across the U.S. With a market cap of $13.1 billion, Regency’s portfolio includes hundreds of properties and community-focused spaces offering shopping, dining, and entertainment options.
The real estate major has significantly underperformed the broader market over the past year. REG stock has observed a modest 3.1% uptick over the past 52 weeks and declined 2.6% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 19% surge over the past year and 10% returns in 2025.
Narrowing the focus, Regency has outperformed the Real Estate Select Sector SPDR Fund’s (XLRE) 1.2% dip over the past 52 weeks, but lagged behind XLRE’s 1.7% uptick in 2025.
Regency Centers’ stock price observed a marginal uptick in the trading session following the release of its impressive Q2 results on Jul. 29. Driven by solid growth in fee-based revenues, lease income, and other property income, the company’s overall topline for the quarter grew 6.6% year-over-year to $380.8 million, exceeding the Street expectations. Its Nareit FFO for the quarter came in at $212.1 million, up 8% year-over-year. Meanwhile, the company observed a slight dip in outstanding shares, leading to 9.4% growth in Nareit FFO per share to $1.16, surpassing the consensus estimates by 3.6%.
For the full fiscal 2025, ending in December, analysts expect REG to deliver a Nareit FFO of $4.62 per share, up 7.4% year-over-year. The company has a solid FFO surprise history. Regency has surpassed the Street’s FFO estimates in each of the past four quarters.
Currently, the stock maintains a consensus “Moderate Buy” rating overall. Of the 18 analysts covering the stock, opinions include 11 “Strong Buys,” two “Moderate Buys,” and five “Holds.”
This configuration is slightly less optimistic than two months ago, when 17 analysts covering the stock had a consensus “Strong Buy” rating on REG.
On Jul. 30, Baird analyst Wesley Golladay reiterated an “Outperform” rating on REG stock and raised the price target from $78 to $80.
As of writing, REG’s mean price target of $79.39 suggests a 10.2% upside potential. Meanwhile, the street-high target of $86 represents a 19.4% premium to current price levels.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
