Barclays Initiates Regency Centers (REG) at Equalweight with $77 Target

Regency Centers Corporation (NASDAQ:REG) is one of Goldman Sachs’ top REIT stock picks. On July 2, Barclays initiated coverage on Regency with an Equal Weight rating. Along with the rating, Barclays set a price target of $77 for the stock.

From Barclays’s view, Regency has a strong portfolio of grocery-anchored shopping centers, which are typically resilient due to their focus on necessity-based retail. The firm noted Regency’s strategic positioning in high-quality suburban markets with strong demographics, which contributes to stable cash flows and tenant demand. It also highlighted the company’s “healthy balance sheet” and disciplined capital allocation, which provide financial flexibility for growth and acquisitions.

The analysts emphasized Regency’s “defensive positioning” within the REIT sector, noting that its focus on grocery-anchored centers makes it less susceptible to economic downturns compared to other retail REITs. On top of that, Barclays stated that Regency exhibits “strong property performance.” The evidence of this, in the firm’s view, is Regency’s operational efficiency, with a reported 94.7% leased occupancy rate across its portfolio as of the first quarter of 2025.

Regency Centers Corporation (NASDAQ:REG) is a retail-focused REIT that owns and operates over 480 open-air shopping centers concentrated in affluent, high-traffic suburban markets. Roughly 80% of its portfolio is anchored by leading grocery chains, including Kroger and Publix, which provide consistent foot traffic and resilient cash flows.

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Disclosure: None. This article is originally published at Insider Monkey.