Regency Centers saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 69 to 74.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Regency Centers can continue to rebound and clear that threshold.
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Regency Centers is building a flat base with a 76.53 buy point. See if the stock can break out in heavy volume.
While the company's top line growth fell last quarter from 9% to 4%, EPS grew 7%, up from 6% in the previous report.
The company holds the No. 12 rank among its peers in the Finance-Property REITs industry group. Strawberry Fields REIT, Essex Property Trust and Welltower are among the top 5 highly rated stocks within the group.
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