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Regency Centers (REG) Gets a Buy Rating from BTIG

In a report released yesterday, Michael Gorman from BTIG maintained a Buy rating on Regency Centers (REGResearch Report), with a price target of $67.00. The company’s shares closed last Tuesday at $60.37.

According to TipRanks.com, Gorman is a 4-star analyst with an average return of 6.4% and a 51.8% success rate. Gorman covers the Financial sector, focusing on stocks such as Washington Real Estate Investment, Alpine Income Property Trust Inc, and Retail Opportunity Investments.

Currently, the analyst consensus on Regency Centers is a Moderate Buy with an average price target of $69.77, representing a 17.3% upside. In a report issued on June 21, Truist Financial also maintained a Buy rating on the stock with a $67.00 price target.

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Regency Centers’ market cap is currently $10.46B and has a P/E ratio of 21.72.

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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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