Barclays Raises PT and Estimates on Regency Centers (REG); Operations On Track

Barclays maintains an 'Equalweight' on Regency Centers (NYSE: REG) price target raised from $40 to $44.

Analyst, Ross L. Smotrich, said, "The operational improvement positions Regency to trend toward its long-term NOI growth target of 3+%. Coupled with increased development starts and capital recycling, we believe that long-term growth potential is attractive (we estimate a 5.7% 5-year FFO CAGR - roughly in-line with peers). However, we believe this potential is baked into current valuation levels."

Barclays raises FY13 FFO estimate from $2.68 to $2.71

For an analyst ratings summary and ratings history on Regency Centers click here. For more ratings news on Regency Centers click here.

Shares of Regency Centers closed at $42.95 yesterday.

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