Regency Centers Corporation (NYSE:REG) : 5 brokerage houses believe that Regency Centers Corporation (NYSE:REG) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Regency Centers Corporation (NYSE:REG). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 2.
Regency Centers Corporation (NYSE:REG) : The consensus price target for Regency Centers Corporation (NYSE:REG) is $79.44 for the short term with a standard deviation of $4.85. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $84, however, the pessimist price target for the company is $69.
For the current week, the company shares have a recommendation consensus of Buy. Also, Roth Capital maintains their rating on the shares of Regency Centers Corporation (NYSE:REG). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $520 per share from $555 per share. The rating by the firm was issued on April 1, 2016.
Regency Centers Corporation (NYSE:REG): stock turned positive on Tuesday. Though the stock opened at $79.18, the bulls momentum made the stock top out at $81.45 level for the day. The stock recorded a low of $78.76 and closed the trading day at $81.41, in the green by 3.05%. The total traded volume for the day was 1,052,479. The stock had closed at $79 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive VP of Development) of Regency Centers Corp, Chandler, Iii Dan M. had sold 2,000 shares worth of $159,100 in a transaction dated June 13, 2016. In this transaction, 2,000 shares were sold at $79.55 per share.
Regency Centers Corporation is a real estate investment trust (REIT) and the general partner of the Regency Centers, L.P. (operating partnership). The Companys operating, investing and financing activities are performed through the Operating Partnership, its wholly owned subsidiaries and through its co-investment partnerships. The Companys properties consist primarily of grocery-anchored shopping centers. As of December 31, 2014, the Company directly owned 202 Consolidated Properties located in 21 states representing 23.2 million square feet of gross leasable area (GLA). Through co-investment partnerships, it owns partial ownership interests in 120 Unconsolidated Properties located in 23 states and the District of Columbia representing 15.0 million square feet of GLA. The shopping centers tenant base includes national and regional supermarkets, drug stores, discount department stores and other retailers.