Regency Centers Corporation (NYSE:REG) had its price objective lowered by equities research analysts at Argus from $80.00 to $75.00 in a research report issued on Thursday. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Argus’ target price points to a potential upside of 17.87% from the company’s previous close.

A number of other equities analysts have also recently commented on REG. TheStreet cut shares of Regency Centers Corporation from a “b” rating to a “c” rating in a research note on Tuesday, May 9th. Jefferies Group LLC reissued a “hold” rating and issued a $72.00 price objective on shares of Regency Centers Corporation in a research note on Friday, May 26th. BidaskClub raised shares of Regency Centers Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Royal Bank Of Canada reissued a “buy” rating and issued a $70.00 price objective on shares of Regency Centers Corporation in a research note on Monday, June 19th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $73.00 price objective (up from $72.00) on shares of Regency Centers Corporation in a research note on Monday, July 10th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $73.80.

Regency Centers Corporation (NYSE:REG) traded up 0.68% during mid-day trading on Thursday, reaching $64.06. 507,135 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $65.02 and its 200 day moving average price is $64.90. Regency Centers Corporation has a one year low of $58.63 and a one year high of $82.44. The firm has a market cap of $10.87 billion, a price-to-earnings ratio of 106.41 and a beta of 0.56.

Regency Centers Corporation (NYSE:REG) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.03. Regency Centers Corporation had a net margin of 13.19% and a return on equity of 2.20%. The business had revenue of $240.42 million during the quarter, compared to analysts’ expectations of $248.50 million. During the same period last year, the company posted $0.81 EPS. On average, equities analysts forecast that Regency Centers Corporation will post $0.92 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This report was published by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://www.watchlistnews.com/argus-lowers-regency-centers-corporation-reg-price-target-to-75-00/1534613.html.

In related news, Director Mary Lou Fiala sold 7,775 shares of Regency Centers Corporation stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $65.74, for a total transaction of $511,128.50. Following the completion of the transaction, the director now directly owns 17,145 shares of the company’s stock, valued at approximately $1,127,112.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider H Craig Ramey sold 1,048 shares of Regency Centers Corporation stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $62.17, for a total transaction of $65,154.16. Following the transaction, the insider now directly owns 15,769 shares of the company’s stock, valued at $980,358.73. The disclosure for this sale can be found here. 12.66% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Ranger Global Real Estate Advisors LLC bought a new stake in Regency Centers Corporation during the first quarter valued at about $9,748,000. Guyasuta Investment Advisors Inc. bought a new stake in Regency Centers Corporation during the first quarter valued at about $2,446,000. Credit Agricole S A boosted its stake in Regency Centers Corporation by 44.1% in the first quarter. Credit Agricole S A now owns 147,540 shares of the real estate investment trust’s stock valued at $9,796,000 after buying an additional 45,164 shares during the period. State of Alaska Department of Revenue boosted its stake in Regency Centers Corporation by 7.8% in the second quarter. State of Alaska Department of Revenue now owns 91,892 shares of the real estate investment trust’s stock valued at $5,754,000 after buying an additional 6,630 shares during the period. Finally, Adelante Capital Management LLC boosted its stake in Regency Centers Corporation by 7.8% in the first quarter. Adelante Capital Management LLC now owns 1,220,988 shares of the real estate investment trust’s stock valued at $81,061,000 after buying an additional 87,864 shares during the period. 91.52% of the stock is owned by hedge funds and other institutional investors.

About Regency Centers Corporation

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.

Analyst Recommendations for Regency Centers Corporation (NYSE:REG)

Receive News & Ratings for Regency Centers Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regency Centers Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.