We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Regency Centers (REG) Acquires The District at Metuchen
Read MoreHide Full Article
Regency Centers Corporation (REG - Free Report) recently announced that it has acquired The District at Metuchen — a Whole Foods Market-anchored shopping center — in Metuchen, NJ. The move comes as part of the retail real estate investment trust’s (REIT) strategic efforts to expand in this market.
Spanning 66,000 square feet of space, this shopping center is situated in the thriving downtown. It enjoys proximity to the I-287 and I-95 interchange. These are the main arteries of the metro New York market. Moreover, the Metuchen and Metropark stations are located nearby which services a total of 11,000 commuters each weekday.
Also, Metuchen enjoys high barriers to entry, while the immediate area is experiencing an inflow for residential needs. These raises hope for a greater footfall at this center and hence the buyout seems a strategic one. Further, besides Whole Foods Market, the property has other notable names in its tenant roster, including European Wax, Title Boxing, and Chipotle Mexican Grill (CMG - Free Report) .
Notably, mall traffic continues to suffer amid rapid shift in consumers’ shopping preferences toward online channels, resulting in an increasing number of retailers jumping on the dot-com bandwagon. These have made retailers reconsider their footprint and eventually opt for store closures in recent times. In fact, the decision to close stores by a number of reputable retailers like Macy's, Inc. (M - Free Report) and J. C. Penney Company, Inc. have raised concerns over cash flows of mall landlords.
However, at such a time, Regency’s focus on building a premium portfolio of grocery-anchored shopping centers, which are usually necessity driven, augurs well. Such centers are usually necessity driven and steer a dependable traffic.
Moreover, groceries mark one of the major categories of U.S. consumer spending. Although online retailers have made efforts to penetrate deeper into the grocery business, only a minimal percentage of U.S. grocery shopping takes place online.
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Regency Centers (REG) Acquires The District at Metuchen
Regency Centers Corporation (REG - Free Report) recently announced that it has acquired The District at Metuchen — a Whole Foods Market-anchored shopping center — in Metuchen, NJ. The move comes as part of the retail real estate investment trust’s (REIT) strategic efforts to expand in this market.
Spanning 66,000 square feet of space, this shopping center is situated in the thriving downtown. It enjoys proximity to the I-287 and I-95 interchange. These are the main arteries of the metro New York market. Moreover, the Metuchen and Metropark stations are located nearby which services a total of 11,000 commuters each weekday.
Also, Metuchen enjoys high barriers to entry, while the immediate area is experiencing an inflow for residential needs. These raises hope for a greater footfall at this center and hence the buyout seems a strategic one. Further, besides Whole Foods Market, the property has other notable names in its tenant roster, including European Wax, Title Boxing, and Chipotle Mexican Grill (CMG - Free Report) .
Notably, mall traffic continues to suffer amid rapid shift in consumers’ shopping preferences toward online channels, resulting in an increasing number of retailers jumping on the dot-com bandwagon. These have made retailers reconsider their footprint and eventually opt for store closures in recent times. In fact, the decision to close stores by a number of reputable retailers like Macy's, Inc. (M - Free Report) and J. C. Penney Company, Inc. have raised concerns over cash flows of mall landlords.
However, at such a time, Regency’s focus on building a premium portfolio of grocery-anchored shopping centers, which are usually necessity driven, augurs well. Such centers are usually necessity driven and steer a dependable traffic.
Moreover, groceries mark one of the major categories of U.S. consumer spending. Although online retailers have made efforts to penetrate deeper into the grocery business, only a minimal percentage of U.S. grocery shopping takes place online.
Regency currently carries a Zacks Rank #3 (Hold). Also, shares of the company have gained 3.5% in three months’ time and outperformed its industry that ascended 1.3%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>