Argus raised the firm’s price target on Regency Centers to $81 from $72 and keeps a Buy rating on the shares. The company’s Q2 FFO topped estimates while also increasing same property occupancy by 80 basis points for both anchors and small stores relative to Q2 of last year, the analyst tells investors in a research note. The real estate sector tends to trade positively when interest rates decline, and at current levels, Regency Center shares are trading favorably to the peer group on a price to expected FFO basis, Argus added.
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