Barclays Keeps Their Buy Rating on Regency Centers (REG)

By Austin Angelo

In a report issued on October 11, Ross L Smotrich from Barclays maintained a Buy rating on Regency Centers (REGResearch Report), with a price target of $75.00. The company’s shares closed last Monday at $68.49, close to its 52-week high of $70.26.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 6.4% and a 62.0% success rate. Smotrich covers the Financial sector, focusing on stocks such as Essential Properties Realty Trust Inc, Apartment Investment & Management, and Hudson Pacific Properties.

Currently, the analyst consensus on Regency Centers is a Moderate Buy with an average price target of $70.33.

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Regency Centers’ market cap is currently $11.48B and has a P/E ratio of 40.21. The company has a Price to Book ratio of 1.82.

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of REG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Regency Centers Corp. operates as a real estate investment trust, which engages in the ownership, operation and development of retail shopping centers. Its portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to its 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.