Barclays analyst Ross L Smotrich maintained a Buy rating on Regency Centers (REG) yesterday and set a price target of $74. The company’s shares closed yesterday at $68.39, close to its 52-week high of $69.01.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 7.1% and a 67.5% success rate. Smotrich covers the Financial sector, focusing on stocks such as Essential Properties Realty Trust Inc, Apartment Investment & Management, and Kkr Real Estate Finance Trust Inc.
Regency Centers has an analyst consensus of Moderate Buy, with a price target consensus of $68.83.
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Based on Regency Centers’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $78.91 million. In comparison, last year the company had a net profit of $52.56 million.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock.
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Regency Centers Corp. operates as a real estate investment trust, which engages in the ownership, operation and development of retail shopping centers. Its portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to its neighborhoods, communities, and customers. The company was founded by Martin Edward Stein, Sr. and Joan Wellhouse Newton in 1963 and is headquartered in Jacksonville, FL.
