Regency Centers Corporation (REG) has been under a strong bear grip, hence the stock is down -1.88% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.93% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.86% in the last 1 week, and is up 1.42% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.59% and the 50-Day Moving Average is 6.1%. Regency Centers Corporation is up 15.98% in the last 3-month period. Year-to-Date the stock performance stands at 26.38%.
Regency Centers Corporation (NYSE:REG): stock turned positive on Friday. Though the stock opened at $83.22, the bulls momentum made the stock top out at $85.06 level for the day. The stock recorded a low of $83.22 and closed the trading day at $84.93, in the green by 1.86%. The total traded volume for the day was 1,877,560. The stock had closed at $83.38 in the previous days trading.
Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Regency Centers Corporation (NYSE:REG). The current rating of the shares is Equalweight, according to the research report released by the firm. The brokerage firm raises the price target from $77 per share to $80 per share. The rating by the firm was issued on July 19, 2016.
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.