SunTrust Robinson Sticks to Its Buy Rating for Regency Centers (REG)


In a report released yesterday, Ki Bin Kim from SunTrust Robinson reiterated a Buy rating on Regency Centers (NYSE: REG), with a price target of $66. The company’s shares opened today at $63.85.

According to TipRanks.com, Kim is a 4-star analyst with an average return of 6.8% and a 71.0% success rate. Kim covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate Investment, National Storage Affiliates Trust, and General Growth Properties Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Regency Centers with a $66.50 average price target.

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Based on Regency Centers’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $46.72 million. In comparison, last year the company had a net profit of $45.13 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, 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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