Jefferies Group reaffirmed their hold rating on shares of Regency Centers (NYSE: REG) in a research note released on Friday morning. They currently have a $50.00 price target on the stock, up from their previous price target of $46.00.
“REG remains on track for long-term earnings growth through asset recycling and improving fundamentals. Competitive threats to the traditional grocer model remain a concern, but we believe REG’s high quality portfolio reduces the threat of store closures that would impact operating results.,” the firm’s analyst wrote.
Regency Centers traded up 1.16% on Friday, hitting $52.99. Regency Centers has a 1-year low of $41.65 and a 1-year high of $52.51. The stock’s 50-day moving average is currently $50.70. The company’s market cap is $4.785 billion.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a neutral rating on shares of Regency Centers in a research note to investors on Thursday, January 31st. They now have a $52.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Regency Centers from $46.00 to $49.00 in a research note to investors on Wednesday, January 9th. They now have a hold rating on the stock. Finally, analysts at Raymond James downgraded shares of Regency Centers from an outperform rating to a market perform rating in a research note to investors on Tuesday, January 8th.
Five equities research analysts have rated the stock with a buy rating, eleven have issued a hold rating, one has assigned an underweight rating, and one has assigned a sell rating to the stock. Regency Centers has a consensus rating of hold and a consensus price target of $49.08.
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