Regency Centers (NYSE:REG)‘s stock had its “buy” rating reiterated by equities research analysts at SunTrust Banks in a report released on Friday. They currently have a $74.00 price objective on the real estate investment trust’s stock. SunTrust Banks’ price objective would indicate a potential upside of 8.73% from the company’s current price.

Several other analysts also recently weighed in on REG. TheStreet upgraded Regency Centers from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Citigroup set a $70.00 target price on Regency Centers and gave the company a “hold” rating in a research note on Monday, August 14th. Boenning Scattergood restated a “hold” rating on shares of Regency Centers in a research note on Monday, August 7th. Zacks Investment Research downgraded Regency Centers from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Robert W. Baird restated a “buy” rating and set a $72.00 target price on shares of Regency Centers in a research note on Thursday, August 24th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $70.59.

Shares of Regency Centers (REG) opened at $68.06 on Friday. Regency Centers has a 52 week low of $58.63 and a 52 week high of $72.05. The firm has a market capitalization of $11,535.19, a P/E ratio of 18.63, a P/E/G ratio of 2.26 and a beta of 0.58. 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 (NYSE:REG) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. Regency Centers had a return on equity of 2.82% and a net margin of 17.59%. The firm had revenue of $262.14 million during the quarter, compared to the consensus estimate of $254.04 million. During the same quarter in the prior year, the company earned $0.81 EPS. equities analysts forecast that Regency Centers will post 3.68 earnings per share for the current year.

In other Regency Centers news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the firm’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 12.66% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Regency Centers by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 25,977,087 shares of the real estate investment trust’s stock worth $1,627,206,000 after buying an additional 125,593 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Regency Centers by 109.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,350,352 shares of the real estate investment trust’s stock worth $335,146,000 after buying an additional 2,799,040 shares during the period. Principal Financial Group Inc. lifted its position in shares of Regency Centers by 3.9% during the 3rd quarter. Principal Financial Group Inc. now owns 5,156,883 shares of the real estate investment trust’s stock worth $319,928,000 after buying an additional 193,020 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Regency Centers by 15.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,274,814 shares of the real estate investment trust’s stock worth $267,775,000 after buying an additional 560,110 shares during the period. Finally, Cbre Clarion Securities LLC lifted its position in shares of Regency Centers by 9.0% during the 2nd quarter. Cbre Clarion Securities LLC now owns 4,059,624 shares of the real estate investment trust’s stock worth $254,295,000 after buying an additional 334,961 shares during the period. Institutional investors own 92.51% of the company’s stock.

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Regency Centers 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 (NYSE:REG)

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