Regency Centers Corporation (REG) : 13 analysts are covering Regency Centers Corporation (REG) and their average rating on the stock is 2, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Regency Centers Corporation (REG) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Regency Centers Corporation (REG) : The consensus price target for Regency Centers Corporation (REG) is $85.11 for the short term with a standard deviation of $4.65. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $91, however, the pessimist price target for the company is $77.
For the current week, the company shares have a recommendation consensus of Buy. Also, BTIG Research initiates coverage on Regency Centers Corporation (NYSE:REG) . Analysts at the BTIG Research have a current rating of Neutral on the shares. The rating by the firm was issued on August 25, 2016.
Regency Centers Corporation (NYSE:REG): The stock opened at $81.54 and touched an intraday high of $82.44 on Wednesday. During the day, the stock corrected to an intraday low of $81, however, the bulls stepped in and pushed the price higher to close in the green at $81.94 with a gain of 0.53% for the day. The total traded volume for the day was 503,657. The stock had closed at $81.51 in the previous trading session.
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.