Regency Centers Corp. Price Target Cut to $49.00 (REG)
Equities research analysts at Jefferies Group cut their price objective on shares of Regency Centers Corp. (NYSE:REG) from $50.00 to $49.00 in a research note issued to investors on Wednesday, StockRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price indicates a potential downside of 3.09% from the stock’s previous close.
Shares of Regency Centers Corp. (NYSE:REG) traded up 3.80% during mid-day trading on Wednesday, hitting $50.56. The stock had a trading volume of 739,734 shares. Regency Centers Corp. has a 1-year low of $44.80 and a 1-year high of $59.35. The stock’s 50-day moving average is $49.67 and its 200-day moving average is $52.28. The company has a market cap of $4.647 billion and a price-to-earnings ratio of 206.40.
Regency Centers Corp. (NYSE:REG) last released its earnings data on Wednesday, July 31st. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.64 by $0.03. During the same quarter in the prior year, the company posted $0.69 earnings per share. Analysts expect that Regency Centers Corp. will post $2.59 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Capital One Financial Corp. initiated coverage on shares of Regency Centers Corp. (NYSE:REG) in a research note to investors on Monday. They set an “add” rating on the stock. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of Regency Centers Corp. (NYSE:REG) in a research note to investors on Tuesday, September 10th. They set a “neutral” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Regency Centers Corp. (NYSE:REG) from $50.00 to $51.00 in a research note to investors on Tuesday, August 20th. They now have an “equal weight” rating on the stock.
Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Regency Centers Corp. presently has an average rating of “Hold” and a consensus target price of $53.25.
Regency Centers Corporation is a real estate investment trust (NYSE:REG) and is the managing general partner in Regency Centers, L.
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