Regency Centers Corporation (NYSE:REG) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2 by 12 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 5 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Roth Capital maintains the rating on Regency Centers Corporation (NYSE:REG). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency lowers the price target from $555 per share to $520 per share. The rating by the firm was issued on April 1, 2016.
Regency Centers Corporation (NYSE:REG): 9 analysts have set the short term price target of Regency Centers Corporation (NYSE:REG) at $79.44. The standard deviation of short term price target has been estimated at $4.85, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 84 and $69 respectively.
Regency Centers Corporation (NYSE:REG) rose 0.14% or 0.11 points on Tuesday and made its way into the gainers of the day. After trading began at $79.11 the stock was seen hitting $79.45 as a peak level and $78.87 as the lowest level. The stock ended up at $79.13. The daily volume was measured at 937,254 shares. The 52-week high of the share price is $80.23 and the 52-week low is $55.79. The company has a market cap of $7,724 million.
Regency Centers Corporation has dropped 0.13% in the last five trading days, however, the shares have posted positive gains of 3.87% in the last 4 weeks. Regency Centers Corporation is up 8.15% in the last 3-month period. Year-to-Date the stock performance stands at 17.75%.
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.