BMO Capital Keeps Their Buy Rating on Regency Centers (REG)

BMO Capital analyst Juan C. Sanabria maintained a Buy rating on Regency Centers yesterday. The company’s shares closed today at $76.69.

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C. Sanabria covers the Real Estate sector, focusing on stocks such as Welltower, Kimco Realty, and Federal Realty. According to TipRanks, C. Sanabria has an average return of 2.4% and a 51.27% success rate on recommended stocks.

Regency Centers has an analyst consensus of Moderate Buy, with a price target consensus of $80.93, representing a 5.53% upside. In a report released yesterday, Wells Fargo also assigned a Buy rating to the stock with a $85.00 price target.

Based on Regency Centers’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $506.78 million and a net profit of $304.71 million. In comparison, last year the company earned a revenue of $384.16 million and had a net profit of $86.48 million

Based on the recent corporate insider activity of 35 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. Last month, Martin E. Stein, the EC of REG sold 10,000.00 shares for a total of $763,000.00.