The firm said the stock is at an attractive entry point given the firm's compelling growth and demographics.
It's time to buy shares of mall operator Regency Centers , according to Barclays. Analyst Anthony F. Powell upgraded shares to overweight from equal weight, saying the stock is at an attractive entry point given the shopping center REIT's compelling growth and demographics. "After the recent volatility in REITs, we are upgrading Regency to Overweight.
Regardless, the analyst's $70 price target means shares can advance another 24% from Wednesday's closing price of $56.31. The stock rose about 1% in Thursday premarket trading. REG 1D mountain Regency Centers shares 1-day Given concerns of a slowing macro environment, the analyst said Regency Centers will be relatively insulated given its strong tenant demand, and its position in areas with high-income customers with high rent growth.
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