Regency Centers Corporation (NYSE:REG)‘s stock had its “buy” rating reaffirmed by research analysts at Robert W. Baird in a note issued to investors on Friday.

Several other brokerages have also recently weighed in on REG. Boenning Scattergood reiterated a “hold” rating on shares of Regency Centers Corporation in a research report on Monday, August 7th. TheStreet upgraded Regency Centers Corporation from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. BidaskClub upgraded Regency Centers Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada upgraded Regency Centers Corporation from an “outperform” rating to a “top pick” rating and lifted their price target for the company from $72.00 to $75.00 in a research report on Thursday, August 17th. Finally, Jefferies Group LLC cut Regency Centers Corporation from a “buy” rating to a “hold” rating and reduced their price target for the company from $74.00 to $67.00 in a research report on Friday, September 15th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $71.46.

Shares of Regency Centers Corporation (NYSE REG) traded up $1.98 during mid-day trading on Friday, hitting $64.10. The stock had a trading volume of 1,302,098 shares, compared to its average volume of 792,576. The company has a quick ratio of 0.93, a current ratio of 0.63 and a debt-to-equity ratio of 0.53. The company has a market cap of $11.10 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 2.18 and a beta of 0.55.

Regency Centers Corporation (NYSE:REG) last released its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.04. Regency Centers Corporation had a return on equity of 2.82% and a net margin of 17.59%. The business had revenue of $262.14 million during the quarter, compared to the consensus estimate of $254.04 million. During the same period last year, the business posted $0.81 earnings per share. equities analysts expect that Regency Centers Corporation will post 3.68 earnings per share for the current year.

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In other Regency Centers Corporation news, Director Mary Lou Fiala sold 7,775 shares of Regency Centers Corporation stock in a transaction dated Wednesday, August 23rd. The stock was 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 owns 17,145 shares of the company’s stock, valued at $1,127,112.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Chaim Katzman sold 1,055,758 shares of Regency Centers Corporation stock in a transaction dated 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.

Hedge funds have recently modified their holdings of the business. IHT Wealth Management LLC bought a new stake in Regency Centers Corporation during the second quarter worth about $124,000. Perigon Wealth Management LLC lifted its stake in Regency Centers Corporation by 93.2% during the second quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 1,025 shares during the last quarter. Global X Management Co. LLC bought a new stake in Regency Centers Corporation during the second quarter worth about $179,000. Advisor Group Inc. lifted its stake in Regency Centers Corporation by 15.6% during the second quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 404 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its stake in Regency Centers Corporation by 342.9% during the second quarter. Riverhead Capital Management LLC now owns 3,100 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 2,400 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Corporation 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 Corporation (NYSE:REG)

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