Regency Centers Corporation (NYSE:REG) has been given an average rating of “Buy” by the fifteen research firms that are presently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $72.27.

A number of brokerages have weighed in on REG. TheStreet raised shares of Regency Centers Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Citigroup Inc. set a $70.00 target price on shares of Regency Centers Corporation and gave the stock a “hold” rating in a research note on Monday, August 14th. Boenning Scattergood reaffirmed a “hold” rating on shares of Regency Centers Corporation in a research note on Monday, August 7th. BidaskClub raised shares of Regency Centers Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research downgraded shares of Regency Centers Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th.

In related news, Director Mary Lou Fiala sold 7,775 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 17,145 shares of the company’s stock, valued at $1,127,112.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction of $67,885,239.40. The disclosure for this sale can be found here. Insiders own 12.66% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its stake in shares of Regency Centers Corporation by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the real estate investment trust’s stock worth $570,000 after buying an additional 100 shares during the last quarter. State of Tennessee Treasury Department raised its stake in shares of Regency Centers Corporation by 0.3% during the second quarter. State of Tennessee Treasury Department now owns 40,005 shares of the real estate investment trust’s stock worth $2,506,000 after buying an additional 110 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Regency Centers Corporation by 0.3% during the second 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 buying an additional 118 shares during the last quarter. IHT Wealth Management LLC bought a new stake in shares of Regency Centers Corporation during the second quarter worth approximately $124,000. Finally, Candriam Luxembourg S.C.A. raised its stake in shares of Regency Centers Corporation by 0.8% during the second quarter. Candriam Luxembourg S.C.A. now owns 23,414 shares of the real estate investment trust’s stock worth $1,467,000 after buying an additional 185 shares during the last quarter. 91.41% of the stock is owned by institutional investors and hedge funds.

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Regency Centers Corporation (NYSE REG) traded down 0.68% on Wednesday, hitting $62.93. 688,199 shares of the stock traded hands. Regency Centers Corporation has a 12-month low of $58.63 and a 12-month high of $73.22. The stock has a market cap of $10.68 billion, a P/E ratio of 104.53 and a beta of 0.56. The stock has a 50-day moving average price of $63.57 and a 200 day moving average price of $63.66.

Regency Centers Corporation (NYSE:REG) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $240.42 million during the quarter, compared to the consensus estimate of $248.50 million. During the same period in the previous year, the firm posted $0.81 earnings per share. On average, equities analysts expect that Regency Centers Corporation will post $0.85 EPS for the current fiscal year.

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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