Credit Suisse Group Begins Coverage on Regency Centers (NYSE:REG)

Research analysts at Credit Suisse Group started coverage on shares of Regency Centers (NYSE:REG – Get Rating) in a note issued to investors on Wednesday, Stock Target Advisor reports. The brokerage set a “neutral” rating and a $56.00 price target on the stock. Credit Suisse Group’s target price suggests a potential downside of 5.95% from the company’s previous close.

REG has been the subject of several other research reports. StockNews.com started coverage on Regency Centers in a report on Thursday, March 31st. They issued a “hold” rating for the company. Truist Financial lowered their target price on Regency Centers from $78.00 to $67.00 in a research note on Tuesday.

REG stock opened at $59.54 on Wednesday. Regency Centers has a 1-year low of $55.78 and a 1-year high of $78.78. The company’s fifty day simple moving average is $66.21.

Regency Centers (NYSE:REG – Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.21. The firm had revenue of $303.43 million for the quarter, compared to analyst estimates of $297.36 million.

About Regency Centers (Get Rating)

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.

Recommended Stories