International Strategy & Investment Reaffirms Hold Rating on Regency Centers (REG)
Regency Centers (NYSE: REG)‘s stock had its “hold” rating reiterated by equities research analysts at International Strategy & Investment in a research note issued to investors on Friday. They currently have a $47.00 price target on the stock, up from their previous price target of $43.00.
REG has been the subject of a number of other recent research reports. Analysts at Raymond James (NYSE: RJF) upgraded shares of Regency Centers from a “market perform” rating to an “outperform” rating in a research note to investors on Friday. Analysts at Zacks upgraded shares of Regency Centers from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, March 1st. They now have a $45.00 price target on the stock.
Shares of Regency Centers traded up 0.17% during mid-day trading on Friday, hitting $47.11. Regency Centers has a 52 week low of $32.30 and a 52 week high of $47.90. The company has a market cap of $4.220 billion and a P/E ratio of 100.06.
Regency Centers last announced its earnings results on Wednesday, May 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. On average, analysts predict that Regency Centers will post $0.63 earnings per share next quarter.
Regency Centers Corporation (Regency) is a real estate investment trust (REIT). The Company is the managing general partner in Regency Centers, L.