Regency Centers Corporation (NASDAQ:REG) traded at a new 52-week high today of $62.96. So far today approximately 155,000 shares have been exchanged, as compared to an average 30-day volume of 1.2 million shares.
In the past 52 weeks, shares of Regency Centers Corporation have traded between a low of $33.29 and a high of $62.96 and is now at $62.58, which is 88% above that low price.
Based on a current price of $62.58, Regency Centers Corporation is currently 3.9% above its average consensus analyst price target of $60.12.
Regency Centers is the largest shopping center-focused retail REIT. The company’s portfolio includes an interest in 411 properties, which includes 56 million square feet of retail space. The portfolio is geographically diversified with 22 regional offices and no single market representing more than 14% of total company NOI. Regency’s retail portfolio is primarily composed of grocery-anchored centers with 80% of properties featuring a grocery anchor and grocery stores representing 20% of annual base rent.
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