Bank of America Securities Reaffirms Their Buy Rating on Regency Centers (REG)

Bank of America Securities analyst Samir Khanal reiterated a Buy rating on Regency Centers today and set a price target of $86.00.

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Khanal covers the Real Estate sector, focusing on stocks such as Prologis, Americold Realty, and Cubesmart. According to TipRanks, Khanal has an average return of -0.4% and a 56.12% success rate on recommended stocks.

In addition to Bank of America Securities, Regency Centers also received a Buy from TipRanks – OpenAI’s OpenAI REIT – Retail in a report issued on February 14. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Regency Centers (NASDAQ: REG).

Based on Regency Centers’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $386.98 million and a net profit of $109.37 million. In comparison, last year the company earned a revenue of $373.75 million and had a net profit of $101.47 million

Based on the recent corporate insider activity of 30 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.