Regency Centers Gets a Hold Rating from Jefferies

By Ryan Adsit

Jefferies analyst Omotayo Okusanya reiterated a Hold rating on Regency Centers (NYSE: REG) yesterday and set a price target of $72. The company’s shares closed yesterday at $62.48, close to its 52-week low of $58.63.

According to TipRanks.com, Okusanya is a 4-star analyst with an average return of 5.5% and a 59.8% success rate. Okusanya covers the Financial sector, focusing on stocks such as Government Properties Income Trust, National Storage Affiliates Trust, and Retail Properties of America Inc.

Currently, the analyst consensus on Regency Centers is Moderate Buy and the average price target is $72.60, representing a 16.2% upside.

In a report issued on May 18, Boenning & Scattergood also reiterated a Hold rating on the stock.

The company has a one year high of $85.35 and a one year low of $58.63. Currently, Regency Centers has an average volume of 1.86M.

Based on the recent corporate insider activity of 67 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 and has no other assets or liabilities other than through its investment through the Operating Partnership. The company was founded by Martin E. Stein Sr. and Joan W. Newton in 1963 and is headquartered in Jacksonville, FL.