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Shares of Regency Centers Corp (NYSE:REG) have received an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, American Banking News reports. Eight investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $52.13.

In other Regency Centers Corp news, Insider J Christian Leavitt unloaded 6,500 shares of the stock on the open market in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $54.04, for a total value of $351,260.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on REG shares. Analysts at Argus reiterated a “buy” rating on shares of Regency Centers Corp in a research note on Friday, May 23rd. They now have a $58.00 price target on the stock, up previously from $56.00. Separately, analysts at Jefferies Group raised their price target on shares of Regency Centers Corp from $45.00 to $47.00 in a research note on Wednesday, May 14th. They now have a “hold” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Regency Centers Corp from $45.00 to $47.00 in a research note on Tuesday, April 22nd. They now have an “equal weight” rating on the stock.

Regency Centers Corp (NYSE:REG) traded down 0.70% on Tuesday, hitting $54.29. 40,183 shares of the company’s stock traded hands. Regency Centers Corp has a 1-year low of $45.31 and a 1-year high of $55.60. The stock has a 50-day moving average of $53.27 and a 200-day moving average of $50.01. The company has a market cap of $4.991 billion and a price-to-earnings ratio of 37.99.

Regency Centers Corp (NYSE:REG) last announced its earnings results on Wednesday, May 7th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.65 by $0.04. During the same quarter in the previous year, the company posted $0.64 earnings per share. On average, analysts predict that Regency Centers Corp will post $2.72 earnings per share for the current fiscal year.

Regency Centers Corporation, is a real estate investment trust (NYSE:REG) and is the managing general partner in Regency Centers, L.

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