SunTrust Robinson Reiterates Their Buy Rating on Regency Centers (REG)


SunTrust Robinson analyst Ki Bin Kim reiterated a Buy rating on Regency Centers (REG) on November 16 and set a price target of $69. The company’s shares opened today at $63.64.

According to TipRanks.com, Kim is a 4-star analyst with an average return of 7.0% and a 68.7% success rate. Kim covers the Financial sector, focusing on stocks such as Eastgroup Properties, Life Storage Inc, and EPR Properties.

Regency Centers has an analyst consensus of Moderate Buy, with a price target consensus of $68.67.

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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 1.12M.

Based on the recent corporate insider activity of 71 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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