Regency Centers Corporation (REG) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $91 and the lowest price target forecast is $77. The average forecast of all the analysts is $85.11 and the expected standard deviation is $4.65.
Regency Centers Corporation (REG) : 6 brokerage houses believe that Regency Centers Corporation (REG) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Regency Centers Corporation (REG). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 2.
Also, BTIG Research initiates coverage on Regency Centers Corporation (NYSE:REG) The current rating of the shares is Neutral. The rating by the firm was issued on August 25, 2016.
Regency Centers Corporation (NYSE:REG): The stock opened at $80.39 on Thursday but the bulls could not build on the opening and the stock topped out at $80.76 for the day. The stock traded down to $79.86 during the day, due to lack of any buying support eventually closed down at $80.13 with a loss of -0.51% for the day. The stock had closed at $80.54 on the previous day. The total traded volume was 366,307 shares.
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.