Back to top

Analyst Blog

Regency Centers Corporation (REG - Analyst Report) recently completed the acquisition of Oak Shade Town Center, a 103,762 square foot neighborhood shopping center in Davis, California for $35.0 million.

Oak Shade Town Center is anchored by three major stores Safeway, Rite Aid and OfficeMax. This transaction is expected to be beneficial for Regency owing to the strong growth control ordinances limiting future retail development in Davis city. The proximity of the center to the University of California and the El Macero Country Club is also a major advantage.

This acquisition is in line with Regency's strategy of acquiring premier grocery-anchored centers. A constant feature of Regency's centers is their market-dominant anchors and favorable location.

Jacksonville, Florida-based Regency Centers is a self-administered real estate investment trust (REIT), primarily engaged in owning, operating, and developing grocery-anchored retail shopping centers in the U.S.

With properties in high income, high-barrier markets, Regency’s retail strip center portfolio is among the best in the sector and allows it to continually perform at the top-end of its peer group. The company’s dominant anchor tenants are grocery stores, a segment that is comparatively less affected in a challenging economy.

Regency Centers currently retains a Zacks #3 Rank, which translates into a short-term Hold rating. We are also maintaining our long-term Neutral recommendation on the stock. One of its competitors, Developers Diversified Realty Corp. (DDR - Analyst Report) holds a Zacks #2 Rank, which implies a short-term Buy rating.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
SUPER MICRO… SMCI 27.00 +10.25%
CANADIAN SO… CSIQ 38.34 +8.18%
BANCO DO BR… BDORY 16.78 +8.05%
CENTURY ALU… CENX 26.97 +7.97%
WILLDAN GRO… WLDN 11.38 +5.86%