Regency Centers’s “Hold” Rating Reaffirmed at Jefferies Group (REG)
Regency Centers (NYSE: REG)‘s stock had its “hold” rating reaffirmed by Jefferies Group in a research note issued on Friday. They currently have a $50.00 price target on the stock, up from their previous price target of $46.00.
The analysts wrote, “REG remains on track for long-term earnings growth through asset recycling and improving fundamentals. Competitive threats to the traditional grocer model remain a concern, but we believe REG’s high quality portfolio reduces the threat of store closures that would impact operating results.”
A number of other firms have also recently commented on REG. Analysts at Zacks reiterated a “neutral” rating on shares of Regency Centers in a research note to investors on Thursday, January 31st. They now have a $52.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Regency Centers from $46.00 to $49.00 in a research note to investors on Wednesday, January 9th. They now have a “hold” rating on the stock. Finally, analysts at Raymond James downgraded shares of Regency Centers from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, January 8th.
Five investment analysts have rated the stock with a buy rating, eleven have assigned a hold rating, one has issued an underweight rating, and one has issued a sell rating to the company’s stock. Regency Centers presently has a consensus rating of “hold” and an average target price of $48.75.
Shares of Regency Centers traded down 0.62% during mid-day trading on Friday, hitting $51.56. Regency Centers has a 52 week low of $41.65 and a 52 week high of $52.38. The stock’s 50-day moving average is currently $50.50. The company’s market cap is $4.656 billion.
Regency Centers last announced its earnings results on Wednesday, January 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. During the same quarter last year, the company posted $0.63 earnings per share. Analysts expect that Regency Centers will post $2.52 EPS for the current fiscal year.
Regency Centers Corporation (Regency) is a real estate investment trust (REIT). The Company is the managing general partner in Regency Centers, L.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.