Boenning Scattergood restated their hold rating on shares of Regency Centers (NYSE:REG) in a research note released on Monday morning.

Several other analysts have also issued reports on REG. Zacks Investment Research lowered shares of Regency Centers from a buy rating to a hold rating in a research report on Wednesday, November 1st. Robert W. Baird restated a buy rating on shares of Regency Centers in a research report on Friday, November 3rd. SunTrust Banks restated a buy rating and set a $74.00 target price on shares of Regency Centers in a research report on Friday, December 1st. Jefferies Group set a $69.00 target price on shares of Regency Centers and gave the company a hold rating in a research report on Friday, December 15th. Finally, BMO Capital Markets set a $68.00 target price on shares of Regency Centers and gave the company a hold rating in a research report on Thursday, January 11th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Regency Centers has a consensus rating of Buy and an average price target of $71.29.

Shares of Regency Centers (REG) opened at $57.27 on Monday. Regency Centers has a 12 month low of $54.87 and a 12 month high of $72.05. The company has a market cap of $9,740.00, a P/E ratio of 65.83, a PEG ratio of 2.02 and a beta of 0.43. The company has a quick ratio of 0.63, a current ratio of 0.94 and a debt-to-equity ratio of 0.53.

Regency Centers (NYSE:REG) last announced its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.42). Regency Centers had a return on equity of 2.71% and a net margin of 18.16%. The company had revenue of $257.95 million during the quarter, compared to the consensus estimate of $257.60 million. During the same quarter in the prior year, the firm earned $0.86 earnings per share. research analysts anticipate that Regency Centers will post 3.51 EPS for the current fiscal year.

Regency Centers declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 8th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Tuesday, February 20th will be given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 3.88%. This is a positive change from Regency Centers’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, February 16th. Regency Centers’s payout ratio is 243.68%.

In other Regency Centers news, CAO J Christian Leavitt sold 2,000 shares of Regency Centers stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $67.61, for a total transaction of $135,220.00. Following the transaction, the chief accounting officer now owns 14,314 shares of the company’s stock, valued at $967,769.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Todd Roth sold 2,500 shares of Regency Centers stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $69.89, for a total transaction of $174,725.00. Following the transaction, the director now directly owns 7,453 shares in the company, valued at approximately $520,890.17. The disclosure for this sale can be found here. Insiders have sold 598,762 shares of company stock worth $38,701,922 in the last ninety days. Insiders own 12.66% of the company’s stock.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Regency Centers by 1.4% during the fourth quarter. BlackRock Inc. now owns 15,413,941 shares of the real estate investment trust’s stock valued at $1,066,338,000 after purchasing an additional 214,023 shares in the last quarter. APG Asset Management US Inc. lifted its holdings in Regency Centers by 1.6% during the fourth quarter. APG Asset Management US Inc. now owns 5,247,000 shares of the real estate investment trust’s stock valued at $362,987,000 after purchasing an additional 84,000 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Regency Centers by 3.9% during the third quarter. Principal Financial Group Inc. now owns 5,156,883 shares of the real estate investment trust’s stock valued at $319,928,000 after purchasing an additional 193,020 shares in the last quarter. Cbre Clarion Securities LLC lifted its holdings in Regency Centers by 24.3% during the fourth quarter. Cbre Clarion Securities LLC now owns 5,093,711 shares of the real estate investment trust’s stock valued at $352,383,000 after purchasing an additional 997,435 shares in the last quarter. Finally, Boston Partners lifted its holdings in Regency Centers by 3.8% during the fourth quarter. Boston Partners now owns 2,702,234 shares of the real estate investment trust’s stock valued at $186,941,000 after purchasing an additional 99,819 shares in the last quarter. 92.24% of the stock is currently owned by institutional investors and hedge funds.

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About Regency Centers

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 (NYSE:REG)

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