Favorable News Coverage Likely to Impact Regency Centers Corp (REG) Stock Price
Media stories about Regency Centers Corp (NYSE:REG) have trended positive recently, Alpha One Sentiment Analysis reports. Alpha One, a division of Accern, scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Regency Centers Corp earned a news impact score of 0.37 on Alpha One’s scale. Alpha One also gave media headlines about the real estate investment trust an impact score of 72 out of 100, meaning that recent news coverage is likely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Alpha One’s scoring:
- Golden Sands General Contractors Appoints Marketing Director (forwardgeek.com)
- Regency Centers Achieves 10-Year Sustainability Goals in Five (finance.yahoo.com)
- Regency Centers Corp Forecasted to Earn Q1 2017 Earnings of $0.82 Per Share (REG) (americanbankingnews.com)
- Regency Centers Plugs Plans for Chicago Project (cpexecutive.com)
- Regency Announces New Ground-Up Development Mellody Farm (finance.yahoo.com)
Shares of Regency Centers Corp (NYSE:REG) traded down 0.07% during trading on Thursday, hitting $68.44. The stock had a trading volume of 539,550 shares. Regency Centers Corp has a 12-month low of $61.90 and a 12-month high of $85.35. The stock has a 50-day moving average of $66.50 and a 200 day moving average of $68.91. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of 48.20 and a beta of 0.58.
Regency Centers Corp (NYSE:REG) last issued its earnings results on Wednesday, February 8th. The real estate investment trust reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.02. The business earned $152.99 million during the quarter, compared to analysts’ expectations of $147.54 million. Regency Centers Corp had a return on equity of 8.04% and a net margin of 25.88%. During the same quarter last year, the firm posted $0.79 earnings per share. On average, analysts predict that Regency Centers Corp will post $0.66 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Regency Centers Corp from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Wednesday, March 15th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Regency Centers Corp in a report on Monday, January 9th. Barclays PLC began coverage on Regency Centers Corp in a report on Monday, March 6th. They set an “equal weight” rating and a $72.00 target price for the company. Citigroup Inc restated a “neutral” rating and set a $72.00 target price on shares of Regency Centers Corp in a report on Thursday, March 2nd. Finally, TheStreet upgraded Regency Centers Corp from a “c+” rating to a “b-” rating in a report on Tuesday, January 17th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $76.45.
In other news, insider Lisa Palmer sold 10,000 shares of the firm’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $66.52, for a total value of $665,200.00. Following the completion of the sale, the insider now owns 36,728 shares of the company’s stock, valued at $2,443,146.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider H Craig Ramey sold 3,000 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $62.80, for a total value of $188,400.00. Following the completion of the sale, the insider now directly owns 17,567 shares of the company’s stock, valued at approximately $1,103,207.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,750 shares of company stock valued at $903,430. 1.80% of the stock is currently owned by insiders.
About Regency Centers Corp
Regency Centers Corporation is a real estate investment trust (REIT). The Company is the general partner of Regency Centers, L.P. (the Operating Partnership). The Company is engaged in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership.
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