In a report issued on December 13, Omotayo Okusanya from Jefferies reiterated a Hold rating on Regency Centers (REG), with a price target of $66. The company’s shares closed on Friday at $61.50.
According to TipRanks.com, Okusanya is a 5-star analyst with an average return of 7.3% and a 59.3% success rate. Okusanya covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Retail Properties of America Inc, and Senior Housing Properties Trust.
Regency Centers has an analyst consensus of Moderate Buy, with a price target consensus of $66.80.
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Based on Regency Centers’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $66.49 million. In comparison, last year the company had a net profit of $62.68 million.
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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.
