Shares of Regency Centers Corporation (NASDAQ:REG) traded today at $61.35, eclipsing its 52-week high. This new high was reached on below average trading volume as 155,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.
In the past 52 weeks, Regency Centers Corporation share prices are bracketed by a low of $33.29 and a high of $61.35 and is now at $61.25, 84% above that low price.
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.
Regency Centers Corporation (NASDAQ:REG) defies analysts with a current price ($61.25) 2.4% above its average consensus price target of $59.75.
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