We are changing our long-term recommendation for Regency Centers (REG) to Underperform as we anticipate it to move well below the broader market. The prolonged recession has led to increased tenant bankruptcies, which in turn have led to a decline in occupancy and an increase in vacancy rates.

In addition, consumer discretionary spending continues to be under severe stress with a reduction in disposable income. However, Regency Centers is one of the largest retail-strip format REITs in the U.S. with properties in high income, high-barrier markets that are tenanted by leading national and regional retailers.

If REG can weather the storm, it may expect a reversal of fortunes in the future. For now, we have a 6-month target price of $30.00 per share.

Zacks Investment Research

1. (JPM) JPMorgan Chase & Company Adds More Mortgage CentersJPMorgan Chase & Company (JPM) said on Wednesday that it will substantially increase its nationwide...
2. (REG) Regency Centers Corporation Offers Common StockRegency Centers Corporation (REG), a real estate investment trust (REIT) engaged in owning and developing...
3. (REG) Regency Centers Corporation to Increase Joint Venture StakeRegency Centers Corporation (REG), a real estate investment trust (REIT) engaged in owning and developing...
4. (REG) Regency Centers Corporation’s Fund From Operations DeclinesRegency Centers Corp. (REG), a real estate investment trust (REIT) owning community shopping centers in...
5. (TCO) Taubman Centers Writes Down Asset ValuesTaubman Centers Inc. (TCO) recently said it would record impairment charges of $161 million to...
6. (AFAM) Almost Family Inc – operates healthcare centers for adults who would normally be placed into a nursing homeAlmost Family Inc. (AFAM) has gone on to set a new 52-week high after a...

Search Posts by Tag: REG | Regency Centers Corporation | Financial | REIT - Retail

RSS Feeds by Tag: REG | Regency Centers Corporation | Financial | REIT - Retail |

Other Posts by: vitalstocks | RSS Feed for this author