Deutsche Bank Downgrades Regency Centers (REG) to Hold; Q2 Preview; Waiting on SVU Update
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Price: $76.71 -0.2%
Rating Summary:
14 Buy, 11 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
14 Buy, 11 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank downgraded Regency Centers (NYSE: REG) from Buy to Hold with a price target of $46.00.
Analyst, John Perry, said, "We are looking for 2Q12 total and recurring FFO/sh of $0.62 which is in-line with consensus and at the low-end of the $0.61-$0.65 quarterly total and $0.62-$0.66 recurring FFO guidance range. For the Q, we are modeling a 25bps sequential occupancy gain and a flat rent spread, which compares to a 10bps gain in 1Q and a +0.5% blended rent spread. Small shop occupancy ended 1Q12 at 85.6% and we will be looking for an update on these tenants during the call. Specifically, we will be looking for signs of growing demand from this segment (vs falling move-outs). We will also look for a Supervalu (NYSE: SVU) update (2.2% of rent)."
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 $46.83 yesterday.
Analyst, John Perry, said, "We are looking for 2Q12 total and recurring FFO/sh of $0.62 which is in-line with consensus and at the low-end of the $0.61-$0.65 quarterly total and $0.62-$0.66 recurring FFO guidance range. For the Q, we are modeling a 25bps sequential occupancy gain and a flat rent spread, which compares to a 10bps gain in 1Q and a +0.5% blended rent spread. Small shop occupancy ended 1Q12 at 85.6% and we will be looking for an update on these tenants during the call. Specifically, we will be looking for signs of growing demand from this segment (vs falling move-outs). We will also look for a Supervalu (NYSE: SVU) update (2.2% of rent)."
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 $46.83 yesterday.
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