Zacks Labels Regency 'Bull of the Day'

Regency Centers, a real estate investment trust based in Jacksonville, Fla., has been named the "Bull of the Day" for May 9 by Zacks Equity Research, Chicago.Zacks said Regency had "an excellent quarter" and pointed to rising rental rates and retail demand. The REIT "has a strong development pipeline with very attractive initial yields, currently projected at above 9%," Zacks said. The research firm said it expects consumer spending to remain strong throughout the year, "especially in the core, high-income markets where [Regency] operates." The companies can be found online at http://www.zacks.com and http://www.regencyrealty.com.

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