Regency Centers (NYSE:REG) had its price objective decreased by Deutsche Bank from $73.00 to $72.00 in a research note released on Monday morning. Deutsche Bank currently has a hold rating on the real estate investment trust’s stock.

Other analysts have also recently issued reports about the company. SunTrust Banks set a $67.00 price target on Regency Centers and gave the company a buy rating in a report on Friday, March 2nd. BTIG Research raised Regency Centers from a neutral rating to a buy rating and set a $72.00 price objective for the company in a report on Monday, January 29th. TheStreet cut Regency Centers from a b- rating to a c rating in a report on Thursday, February 8th. Boenning Scattergood reaffirmed a hold rating on shares of Regency Centers in a report on Monday, February 12th. Finally, Zacks Investment Research cut Regency Centers from a buy rating to a hold rating in a report on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $69.35.

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Shares of Regency Centers stock opened at $56.64 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $9,728.45, a P/E ratio of 65.10, a PEG ratio of 2.14 and a beta of 0.49. Regency Centers has a 1-year low of $54.87 and a 1-year high of $70.64.

Regency Centers (NYSE:REG) last posted its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.42). The business had revenue of $257.95 million during the quarter, compared to analyst estimates of $257.60 million. Regency Centers had a net margin of 18.16% and a return on equity of 2.71%. During the same period in the prior year, the business earned $0.86 earnings per share. sell-side analysts anticipate that Regency Centers will post 3.8 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th were issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 3.92%. This is a boost from Regency Centers’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 16th. Regency Centers’s payout ratio is 255.17%.

Regency Centers declared that its board has authorized a share buyback program on Thursday, February 8th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other news, insider H Craig Ramey sold 1,400 shares of Regency Centers stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $59.11, for a total value of $82,754.00. Following the completion of the sale, the insider now owns 18,337 shares of the company’s stock, valued at $1,083,900.07. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bryce Blair acquired 1,739 shares of the stock in a transaction dated Monday, March 19th. The stock was acquired at an average cost of $57.50 per share, with a total value of $99,992.50. Following the transaction, the director now owns 10,842 shares of the company’s stock, valued at $623,415. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 2,347,072 shares of company stock valued at $139,128,434. Company insiders own 1.10% of the company’s stock.

Several large investors have recently made changes to their positions in the company. ZWJ Investment Counsel Inc. purchased a new stake in Regency Centers during the fourth quarter valued at about $201,000. Wetherby Asset Management Inc. purchased a new stake in Regency Centers during the fourth quarter valued at about $213,000. WINTON GROUP Ltd purchased a new stake in Regency Centers during the third quarter valued at about $219,000. Commerzbank Aktiengesellschaft FI purchased a new stake in Regency Centers during the fourth quarter valued at about $227,000. Finally, Parametrica Management Ltd purchased a new stake in Regency Centers during the fourth quarter valued at about $229,000. 91.60% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Regency Centers (NYSE:REG)

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