In a report released today, Juan C. Sanabria from BMO Capital maintained a Buy rating on Regency Centers (REG – Research Report), with a price target of $71.00. The company’s shares closed last Thursday at $62.81.
According to TipRanks.com, Sanabria is a 2-star analyst with an average return of 0.3% and a 45.9% success rate. Sanabria covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, National Storage Affiliates, and Phillips Edison & Company.
Currently, the analyst consensus on Regency Centers is a Moderate Buy with an average price target of $68.29.
Based on Regency Centers’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $303 million and net profit of $195 million. In comparison, last year the company earned revenue of $275 million and had a net profit of $80.66 million.
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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.
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