Morgan Stanley (NYSE:MS) analyst Richard Hill maintained a Hold rating on Regency Centers (NASDAQ:REG) on Friday, setting a price target of $67, which is approximately 1.56% below the present share price of $68.06.
Hill expects Regency Centers to post earnings per share (EPS) of $0.48 for the second quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in Regency Centers, with an average price target of $66.09.
The analysts price targets range from a high of $72 to a low of $62.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $274.7 million and a net profit of $93.71 million. The company's market cap is $11.56 billion.
According to TipRanks.com, Morgan Stanley analyst Richard Hill is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -3.8% and a 59.38% success rate.
Regency Centers Corp . operates as a real estate investment trust, which engages in the ownership, operation, and development of retail shopping centers. Its portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to its neighborhoods, communities, and customers. The company was founded by Martin Edward Stein, Sr. and Joan Wellhouse Newton in 1963 and is headquartered in Jacksonville, FL.