Regency Centers Corp (REG) is Reiterated by RBC Capital Mkts to Top Pick, Raises Price Target to $ 91

Regency Centers Corp (REG) was Reiterated by RBC Capital Mkts to “Top Pick” according to the research note released today. The brokerage firm has raised the Price Target to $ 91 from a previous price target of $82 . RBC Capital Mkts advised their investors in a research report released on Aug 5, 2016.

Many Wall Street Analysts have commented on Regency Centers Corp. Regency Centers Corp was Resumed by Jefferies to “Hold” on Jun 30, 2016.

On the company’s financial health, Regency Centers Corp reported $0.81 EPS for the quarter, based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus estimate of $0.81.Analysts expectations of $ 146.21.During the same quarter in the previous year, the company posted $0.75 EPS.

Regency Centers Corp closed down -0.16 points or -0.19% at $83.03 with 5,19,827 shares getting traded on Thursday. Post opening the session at $83.41, the shares hit an intraday low of $82.85 and an intraday high of $83.44 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 14, 2016, Iii Dan M. Chandler, (Executive VP of Development) sold 2,000 shares at $79.55 per share price. According to the SEC, on Jun 9, 2016, James D. Thompson (Exec. VP of Operations) sold 4,000 shares at $79.75 per share price. On May 12, 2016, John S. Delatour (Managing Director) sold 5,000 shares at $78.05 per share price, according to the Form-4 filing with the securities and exchange commission.

Regency Centers Corporation is a real estate investment trust (REIT) and the general partner of the Regency Centers L.P. (operating partnership). The Company’s operating investing and financing activities are performed through the Operating Partnership its wholly owned subsidiaries and through its co-investment partnerships. The Company’s 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.

Regency Centers Corp

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