Several brokerages have updated their recommendations and price targets on shares of Regency Centers Corporation (NYSE: REG) in the last few weeks:

  • 10/3/2017 – Regency Centers Corporation was upgraded by analysts at Boenning Scattergood from an “under perform” rating to a “neutral” rating.
  • 9/25/2017 – Regency Centers Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Regency have underperformed its industry, year to date. However, the stock has seen the Zacks Consensus Estimate for the current-year funds from operations (FFO) per share being revised upward in a month’s time. It did not report any significant damage from the recent hurricanes. The company’s focus on building a premium portfolio of grocery-anchored shopping centers, which are usually necessity-driven, along with the presence of leading grocers in its tenant roaster, augurs well. Also, Regency’s merger with Equity One elevated the company’s position in the retail real estate market and offered it a host of opportunities to drive growth. Yet, the recent efforts of online retailers to go deeper into the grocery business have emerged as a concern for this REIT. Rate hike add to its woes.”
  • 9/21/2017 – Regency Centers Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $71.00 price target on the stock. According to Zacks, “Shares of Regency have underperformed its industry, year to date. However, the stock has seen the Zacks Consensus Estimate for the current-year funds from operations (FFO) per share being revised upward in a week’s time. It did not report any significant damage from the recent hurricanes. The company’s focus on building a premium portfolio of grocery-anchored shopping centers, which are usually necessity-driven, along with the presence of leading grocers in its tenant roaster, augurs well. Also, Regency’s merger with Equity One elevated the company’s position in the retail real estate market and offered it a host of opportunities to drive growth. Yet, the recent efforts of online retailers to go deeper into the grocery business have emerged as a concern for this REIT. Rate hike add to its woes.”
  • 9/18/2017 – Regency Centers Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Regency have underperformed its industry, year to date. However, the stock has seen the Zacks Consensus Estimate for the current-year funds from operations (FFO) per share being revised upward in a month’s time. It did not report any significant damage from the recent hurricanes. The company’s focus on building a premium portfolio of grocery-anchored shopping centers, which are usually necessity-driven, along with the presence of leading grocers in its tenant roaster, augurs well. Also, Regency’s merger with Equity One elevated the company’s position in the retail real estate market and offered it a host of opportunities to drive growth. Yet, the recent efforts of online retailers to go deeper into the grocery business have emerged as a pressing concern for this REIT. Rate hike add to its woes.”
  • 9/15/2017 – Regency Centers Corporation was downgraded by analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating. They now have a $67.00 price target on the stock, down previously from $74.00.
  • 9/14/2017 – Regency Centers Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $71.00 price target on the stock. According to Zacks, “Shares of Regency have underperformed its industry year to date. However, the stock has seen the Zacks Consensus Estimate for the current-year funds from operations (FFO) per share being revised upward in a month’s time. It did not report any significant damage from the recent hurricanes. The company’s focus on building a premium portfolio of grocery-anchored shopping centers, which are usually necessity-driven, along with the presence of leading grocers in its tenant roaster, augurs well. Also, Regency’s merger with Equity One elevated the company’s position in the retail real estate market and offered it a host of opportunities to drive growth. It created a high-quality portfolio of 429 properties, mainly grocery anchored, situated in several top markets. Yet, the recent efforts of online retailers to go deeper into the grocery business have emerged as a pressing concern for this REIT. Also, rate hike add to its woes.”
  • 9/12/2017 – Regency Centers Corporation was downgraded by analysts at Boenning Scattergood from a “neutral” rating to an “under perform” rating. They now have a $62.50 price target on the stock.
  • 9/11/2017 – Regency Centers Corporation is now covered by analysts at BMO Capital Markets. They set a “market perform” rating and a $65.00 price target on the stock.
  • 8/31/2017 – Regency Centers Corporation had its price target lowered by analysts at Argus from $80.00 to $75.00. They now have a “buy” rating on the stock.
  • 8/24/2017 – Regency Centers Corporation had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $72.00 price target on the stock.
  • 8/17/2017 – Regency Centers Corporation was upgraded by analysts at Royal Bank Of Canada from an “outperform” rating to a “top pick” rating. They now have a $75.00 price target on the stock, up previously from $72.00.
  • 8/16/2017 – Regency Centers Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Regency have underperformed its industry year to date. While the company’s second-quarter results improved year over year, the funds from operations (FFO) per share estimate for the third quarter moved south over the past seven days. However, Regency’s merger with Equity One elevated the company’s position in the retail real estate market and offered it a host of opportunities to drive growth. It created a high quality portfolio of 429 properties, mainly grocery anchored, situated in several top markets. The company also made solid progress in the merger integration that helped it realize the anticipated $27 million of G&A synergies. The market has been witnessing a shift in retail shopping from brick and mortar stores to internet sales. Particularly, the recent efforts of online retailers to go deeper into the grocery business have emerged as a pressing concern for this REIT.”
  • 8/14/2017 – Regency Centers Corporation was given a new $70.00 price target on by analysts at Citigroup Inc.. They now have a “hold” rating on the stock.
  • 8/7/2017 – Regency Centers Corporation had its “hold” rating reaffirmed by analysts at Boenning Scattergood.

Shares of Regency Centers Corporation (NYSE REG) traded up 0.45% during trading on Tuesday, reaching $62.38. The company’s stock had a trading volume of 576,627 shares. The company has a 50 day moving average of $64.12 and a 200-day moving average of $63.99. The stock has a market cap of $10.59 billion, a price-to-earnings ratio of 103.62 and a beta of 0.56. Regency Centers Corporation has a 12-month low of $58.63 and a 12-month high of $75.54.

Regency Centers Corporation (NYSE:REG) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.03. The firm had revenue of $240.42 million for the quarter, compared to the consensus estimate of $248.50 million. Regency Centers Corporation had a net margin of 13.19% and a return on equity of 2.20%. During the same period in the previous year, the firm posted $0.81 EPS. Analysts forecast that Regency Centers Corporation will post $0.85 EPS for the current year.

In other Regency Centers Corporation news, Director Mary Lou Fiala sold 7,775 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $65.74, for a total transaction of $511,128.50. Following the sale, the director now directly owns 17,145 shares of the company’s stock, valued at $1,127,112.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Chaim Katzman sold 1,055,758 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $64.30, for a total value of $67,885,239.40. The disclosure for this sale can be found here. 12.66% of the stock is currently owned by company insiders.

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.

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