Several analysts have recently updated their ratings and price targets for Regency Centers Corporation (NYSE: REG):

  • 11/7/2017 – Regency Centers Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $72.00 price target on the stock. According to Zacks, “Regency reported better-than-expected results in the third quarter with respect to funds from operations (FFO) per share. Results were driven by robust growth in revenues and same-property net operating income (NOI). Moreover, the company witnessed stronger leasing activity in its same-property portfolio as well as small-shops portfolio. The company also raised its full-year 2017 outlook. Notably, its 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.  Furthermore, shares of Regency have outperformed its industry in a month’s time. However, the recent efforts of online retailers to go deeper into the grocery business have emerged as a concern for this real estate investment trust (REIT). Rate hike also adds to its woes.”
  • 11/6/2017 – Regency Centers Corporation had its “hold” rating reaffirmed by analysts at Boenning Scattergood.
  • 11/3/2017 – Regency Centers Corporation had its “buy” rating reaffirmed by analysts at Robert W. Baird.
  • 11/1/2017 – 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. Also, the stock has seen the Zacks Consensus Estimates for third-quarter 2017 funds from operations (FFO) per share being revised downward in two months’ time. Notably, 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 real estate investment trust (REIT). Rate hike also adds to its woes.”
  • 10/10/2017 – Regency Centers Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $70.00 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 Estimates for 2017 and 2018 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 real estate investment trust (REIT).”
  • 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.”

Shares of Regency Centers Corporation (NYSE:REG) opened at $66.87 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 0.63. Regency Centers Corporation has a 52 week low of $58.63 and a 52 week high of $72.05. The firm has a market capitalization of $11,433.13, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 2.24 and a beta of 0.55.

Regency Centers Corporation (NYSE:REG) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $262.14 million for the quarter, compared to analysts’ expectations of $254.04 million. During the same period in the previous year, the firm posted $0.81 earnings per share. equities analysts predict that Regency Centers Corporation will post 3.68 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.53 per share. The ex-dividend date is Tuesday, November 14th. This represents a $2.12 annualized dividend and a yield of 3.17%. Regency Centers Corporation’s payout ratio is currently 235.56%.

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 company’s stock in a transaction that occurred on Monday, September 11th. The shares were 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. Insiders have sold 1,068,033 shares of company stock worth $68,404,918 over the last three months. 12.66% of the stock is currently owned by 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.

Receive News & Ratings for Regency Centers Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regency Centers Corporation and related companies with MarketBeat.com's FREE daily email newsletter.