Regency Centers Corporation (NYSE:REG) was downgraded by research analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating in a note issued to investors on Friday, Marketbeat reports. They currently have a $67.00 price target on the real estate investment trust’s stock. Jefferies Group LLC’s price objective indicates a potential upside of 3.08% from the company’s current price.

Several other research firms have also recently commented on REG. BidaskClub upgraded shares of Regency Centers Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Citigroup Inc. set a $70.00 price target on shares of Regency Centers Corporation and gave the company a “hold” rating in a report on Monday, August 14th. Barclays PLC restated an “equal weight” rating and set a $73.00 price target (up from $72.00) on shares of Regency Centers Corporation in a report on Monday, July 10th. Royal Bank Of Canada upgraded shares of Regency Centers Corporation from an “outperform” rating to a “top pick” rating and boosted their price target for the company from $72.00 to $75.00 in a report on Thursday, August 17th. Finally, BMO Capital Markets began coverage on shares of Regency Centers Corporation in a report on Monday. They issued a “market perform” rating and a $65.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Regency Centers Corporation has an average rating of “Buy” and an average price target of $71.54.

Regency Centers Corporation (NYSE:REG) traded down 0.72% on Friday, reaching $65.00. The company’s stock had a trading volume of 1,715,375 shares. Regency Centers Corporation has a 1-year low of $58.63 and a 1-year high of $79.96. The stock has a 50 day moving average price of $65.31 and a 200-day moving average price of $64.30. The company has a market capitalization of $11.03 billion, a price-to-earnings ratio of 107.97 and a beta of 0.56.

Regency Centers Corporation (NYSE:REG) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $248.50 million. During the same period in the previous year, the company posted $0.81 EPS. Equities analysts predict that Regency Centers Corporation will post $0.89 earnings per share for the current fiscal year.

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In other Regency Centers Corporation news, Director Mary Lou Fiala sold 7,775 shares of the business’s stock in a transaction on 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 owns 17,145 shares of the company’s stock, valued at approximately $1,127,112.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Chaim Katzman sold 1,055,758 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $64.30, for a total transaction of $67,885,239.40. The disclosure for this sale can be found here. 12.66% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System lifted its position in Regency Centers Corporation by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the real estate investment trust’s stock worth $570,000 after acquiring an additional 100 shares during the last quarter. State of Tennessee Treasury Department lifted its position in Regency Centers Corporation by 0.3% during the 2nd quarter. State of Tennessee Treasury Department now owns 40,005 shares of the real estate investment trust’s stock worth $2,506,000 after acquiring an additional 110 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in Regency Centers Corporation by 0.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 34,078 shares of the real estate investment trust’s stock worth $2,135,000 after acquiring an additional 118 shares during the last quarter. IHT Wealth Management LLC acquired a new position in Regency Centers Corporation during the 2nd quarter worth $124,000. Finally, Candriam Luxembourg S.C.A. lifted its position in Regency Centers Corporation by 0.8% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 23,414 shares of the real estate investment trust’s stock worth $1,467,000 after acquiring an additional 185 shares during the last quarter. 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)

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