Deutsche Bank analyst Omotayo Okusanya initiated coverage of Regency Centers with a Buy rating and $74 price target. The analyst initiated coverage of shopping center real estate investment trusts with three Buy-rated names and two Hold-rated names. The firm’s top pick is Brixmor (BRX). Strong retailer demand and continued limited supply suggests strong rent growth and solid mark to market should continue with more upside for names in more suburban as well as Sunbelt locations, the analyst tells investors in a research note. The firm says the major risk to its bullish view is potential for a consumer driven economic slowdown.
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