BMO Capital analyst Juan C. Sanabria maintained a Buy rating on Regency Centers (REG – Research Report) today and set a price target of $82.00.
Juan C. Sanabria has given his Buy rating due to a combination of factors including Regency Centers’ strong financial performance and strategic positioning. The company reported a notable increase in same-store net operating income (SSNOI) by 4.3% year-over-year, which exceeded expectations and demonstrated its operational strength. Additionally, the occupancy rate improved to 93.5%, surpassing both peers and typical seasonal trends, indicating robust demand for its retail spaces.
Furthermore, the company’s NAREIT funds from operations per share (FFO/sh) of $1.15 marked a 7.1% year-over-year increase, beating consensus estimates. The maintained guidance for 2025, which aligns with market expectations, alongside a substantial shadow pipeline, provides a clear path for future growth. These elements collectively support the Buy rating, as they reflect Regency Centers’ resilience and potential for continued success in the retail real estate investment trust sector.
According to TipRanks, C. Sanabria is a 2-star analyst with an average return of 0.0% and a 45.08% success rate. C. Sanabria covers the Real Estate sector, focusing on stocks such as Healthpeak Properties, CareTrust REIT, and Extra Space Storage.
In another report released on April 22, Morgan Stanley also maintained a Buy rating on the stock with a $75.00 price target.