Regency Centers Gets a Hold Rating from BMO Capital

By Jason Carr

BMO Capital analyst Jeremy Metz maintained a Hold rating on Regency Centers (NYSE: REG) yesterday and set a price target of $68. The company’s shares closed yesterday at $58.85.

According to TipRanks.com, Metz is a 1-star analyst with an average return of -2.9% and a 45.5% success rate. Metz covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, General Growth Properties Inc, and Monmouth Real Estate ate.

Currently, the analyst consensus on Regency Centers is Moderate Buy and the average price target is $66.57, representing a 13.1% upside.

In a report issued on April 16, Barclays also maintained a Hold rating on the stock with a $63 price target.

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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 1.16M.

Based on the recent corporate insider activity of 69 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.