Analysts Set Regency Centers Corporation (REG) PT at $71.59
Shares of Regency Centers Corporation (NYSE:REG) have been assigned an average recommendation of “Buy” from the fifteen research firms that are presently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $72.50.
A number of brokerages have recently weighed in on REG. Boenning Scattergood reaffirmed a “hold” rating on shares of Regency Centers Corporation in a research note on Monday, August 7th. TheStreet upgraded shares of Regency Centers Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Regency Centers Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada raised Regency Centers Corporation from an “outperform” rating to a “top pick” rating and boosted their target price for the stock from $72.00 to $75.00 in a report on Thursday, August 17th. Finally, Jefferies Group LLC cut Regency Centers Corporation from a “buy” rating to a “hold” rating and dropped their target price for the stock from $74.00 to $67.00 in a report on Friday, September 15th.
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Shares of Regency Centers Corporation (NYSE REG) traded up 0.61% on Friday, reaching $62.48. 351,891 shares of the company’s stock traded hands. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of 103.79 and a beta of 0.56. The company has a 50 day moving average price of $64.12 and a 200 day moving average price of $63.99. Regency Centers Corporation has a 52 week low of $58.63 and a 52 week high of $75.54.
Regency Centers Corporation (NYSE:REG) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.03. The firm had revenue of $240.42 million during the quarter, compared to analyst estimates of $248.50 million. Regency Centers Corporation had a net margin of 13.19% and a return on equity of 2.20%. During the same quarter in the prior year, the firm posted $0.81 EPS. On average, equities research analysts predict that Regency Centers Corporation will post $0.85 earnings per share for the current fiscal year.
In related news, Director Mary Lou Fiala sold 7,775 shares of Regency Centers Corporation stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $65.74, for a total value of $511,128.50. Following the transaction, the director now directly owns 17,145 shares in the company, valued at approximately $1,127,112.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Chaim Katzman sold 1,055,758 shares of Regency Centers Corporation stock in a transaction on Monday, September 11th. The stock was sold at an average price of $64.30, for a total value of $67,885,239.40. The disclosure for this sale can be found here. 12.66% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in REG. IHT Wealth Management LLC acquired a new position in shares of Regency Centers Corporation in the 2nd quarter valued at $124,000. Perigon Wealth Management LLC increased its stake in Regency Centers Corporation by 93.2% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 1,025 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Regency Centers Corporation in the 1st quarter worth about $176,000. Global X Management Co. LLC purchased a new position in Regency Centers Corporation in the 2nd quarter worth about $179,000. Finally, Advisor Group Inc. increased its stake in Regency Centers Corporation by 15.6% in the 2nd quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 404 shares in the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.
Regency Centers Corporation Company Profile
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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