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Truist Financial Keeps Their Buy Rating on Regency Centers (REG)

Tipranks - Tipranks - Sat May 30, 6:52AM CDT

In a report released today, Michael Lewis from Truist Financial maintained a Buy rating on Regency Centers, with a price target of $84.00.

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According to TipRanks, Lewis is a 5-star analyst with an average return of 9.8% and a 66.33% success rate. Lewis covers the Real Estate sector, focusing on stocks such as NETSTREIT, AvalonBay, and Agree Realty.

In addition to Truist Financial, Regency Centers also received a Buy from Wells Fargo’s Cooper Clark in a report issued on May 26. However, today, Deutsche Bank downgraded Regency Centers (NASDAQ: REG) to a Hold.

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Based on Regency Centers’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $413.42 million and a net profit of $128.55 million. In comparison, last year the company earned a revenue of $395.41 million and had a net profit of $109.59 million

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of REG in relation to earlier this year. Earlier this month, NICHOLAS ANDREW WIBBENMEYER, the W. Regional Pres. & CIO of REG sold 7,927.00 shares for a total of $626,708.62.

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