Jefferies Keeps Their Hold Rating on Regency Centers (REG)


In a report released today, George Hoglund from Jefferies reiterated a Hold rating on Regency Centers (NYSE: REG), with a price target of $67. The company’s shares opened today at $63.44.

According to TipRanks.com, Hoglund is a 2-star analyst with an average return of 1.7% and a 43.2% success rate. Hoglund covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, Retail Properties of America Inc, and Extra Space Storage.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Regency Centers with a $66 average price target, a 4.0% upside from current levels. In a report issued on August 2, BMO Capital also assigned a Hold rating to the stock with a $62 price target.

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The company has a one-year high of $70.64 and a one-year low of $54.87. Currently, Regency Centers has an average volume of 1.37M.

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, management, leasing, acquisition, and development of retail shopping centers. Its portfolio includes thriving properties merchandised with productive grocers, restaurants, service providers, and retailers that connect to their 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.

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