@RegencyCenters Blog

CVS Health on a roll as earnings rise

The company reported that its second-quarter net income rose 2.1% to $1.27 billion. Adjusted earnings came to $1.22 per share, beating Zacks Investment Research analyst consensus of $1.20 per share.

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Upgrade sends Regency to seven-year high

The Jacksonville Daily Record recently published an article analyzing stocks and performance. The article included the following on Regency Centers:

Regency Centers Corp.’s stock last week reached its highest level in almost seven years after Raymond James analysts upgraded the Jacksonville-based shopping center developer.

The analysts upgraded Regency from “market perform” to “outperform” as part of an overall reassessment of a number of real estate investment trust stocks.

“We believe the company’s recycling and repositioning efforts over the last several years have created a high-quality portfolio that will continue to deliver strong earnings growth and above-average same-store net operating income growth in 2015,” they said.

“Through portfolio upgrades and prudent asset management, Regency Centers has shown an ability to create value, as consensus NAV (net asset value) estimates have grown an average 12 percent per year over the last five years. We expect that NAV growth to continue, driving Regency shares higher,” they said.

The Raymond James analysts set a $71 price target for the stock.

Regency’s shares rose as much as $2.01 to $68.02 Wednesday after the upgrade and reached as high as $68.15 on Thursday, its highest level since early 2008.

Regency was the best performing stock among larger Jacksonville-based companies last year, producing a total return of 42 percent.

Please click here to view full article published on jaxdailyrecord.com.

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Regency Centers Corp Sets New 12-Month High at $64.08 (REG)

Regency Centers Corp (NYSE:REG) reached a new 52-week high during mid-day trading on Thursday, American Banking News.com reports. The stock traded as high as $64.08 and last traded at $64.05, with a volume of 374,659 shares traded. The stock had previously closed at $63.36.

A number of research firms have recently commented on REG. Analysts at Citigroup Inc. raised their price target on shares of Regency Centers Corp from $55.00 to $60.00 in a research note on Thursday, December 4th. They now have a “neutral” rating on the stock. Separately, analysts at Bank of America upgraded shares of Regency Centers Corp from a “neutral” rating to a “buy” rating in a research note on Thursday, December 4th. They now have a $67.00 price target on the stock, up previously from $62.00. Finally, analysts at Credit Suisse initiated coverage on shares of Regency Centers Corp in a research note on Tuesday, November 11th. They set a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Regency Centers Corp has a consensus rating of “Hold” and a consensus price target of $58.75.

Read more from this story posted on Sleekmoney.com here

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