Regency Centers (REG) Given a $68.00 Price Target by BMO Capital Markets Analysts
Regency Centers (NYSE:REG) received a $68.00 price objective from equities researchers at BMO Capital Markets in a report released on Thursday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. BMO Capital Markets’ target price would suggest a potential upside of 4.07% from the stock’s current price.
Several other equities analysts have also issued reports on REG. Zacks Investment Research raised shares of Regency Centers from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Thursday, September 14th. Jefferies Group lowered shares of Regency Centers from a “buy” rating to a “hold” rating and cut their price objective for the company from $74.00 to $67.00 in a report on Friday, September 15th. Boenning Scattergood raised shares of Regency Centers from an “under perform” rating to a “neutral” rating in a report on Tuesday, October 3rd. Finally, Robert W. Baird reissued a “buy” rating on shares of Regency Centers in a report on Friday, November 3rd. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $71.05.
Shares of Regency Centers (REG) traded down $0.56 during mid-day trading on Thursday, reaching $65.34. 932,600 shares of the company traded hands, compared to its average volume of 851,543. The stock has a market capitalization of $11,220.00, a price-to-earnings ratio of 72.60, a price-to-earnings-growth ratio of 2.17 and a beta of 0.58. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53. Regency Centers has a 12 month low of $58.63 and a 12 month high of $72.05.
Regency Centers (NYSE:REG) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.04. The company had revenue of $262.14 million for the quarter, compared to analyst estimates of $254.04 million. Regency Centers had a net margin of 17.59% and a return on equity of 2.82%. During the same period last year, the company posted $0.81 earnings per share. analysts anticipate that Regency Centers will post 3.69 EPS for the current fiscal year.
In other news, Director Alan Todd Roth sold 2,500 shares of Regency Centers stock in a transaction 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 completion of the sale, the director now directly owns 7,453 shares in the company, valued at $520,890.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO J Christian Leavitt sold 2,000 shares of Regency Centers stock in a transaction on Friday, December 8th. The stock was sold at an average price of $67.61, for a total transaction of $135,220.00. Following the sale, the chief accounting officer now owns 14,314 shares of the company’s stock, valued at $967,769.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,983 shares of company stock valued at $1,344,081. 12.66% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the company. IHT Wealth Management LLC acquired a new position in Regency Centers during the second quarter valued at $124,000. Perigon Wealth Management LLC lifted its position in Regency Centers by 93.2% during the second quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 1,025 shares during the period. Advisor Group Inc. lifted its position in Regency Centers by 15.6% during the second quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock valued at $188,000 after purchasing an additional 404 shares during the period. Riverhead Capital Management LLC lifted its position in Regency Centers by 342.9% during the second quarter. Riverhead Capital Management LLC now owns 3,100 shares of the real estate investment trust’s stock valued at $194,000 after purchasing an additional 2,400 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in Regency Centers during the third quarter valued at $219,000. Institutional investors and hedge funds own 92.36% of the company’s stock.
Regency Centers 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.
Receive News & Ratings for Regency Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regency Centers and related companies with Analyst Ratings Network's FREE daily email newsletter.