.jpg "Regency Centers (NYSE: REG)")
In a report released today, Floris van Dijkum from Boenning & Scattergood reiterated a Hold rating on Regency Centers (NYSE: REG). The company’s shares closed yesterday at $59.26.
According to TipRanks.com, Dijkum is a 3-star analyst with an average return of 2.1% and a 55.9% success rate. Dijkum covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate ate Investment, Retail Properties of America Inc, and General Growth Properties Inc.
Currently, the analyst consensus on Regency Centers is Moderate Buy and the average price target is $66.57, representing a 12.3% upside.
In a report issued on April 30, BMO Capital also maintained a Hold rating on the stock with a $68 price target.
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Regency Centers’ market cap is currently $10.13B and has a P/E ratio of 83.65. The company has a book value ratio of 1.5142.
Based on the recent corporate insider activity of 66 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.
