Regency Centers Corporation (NYSE:REG) has received an average rating of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $71.25.

A number of analysts have issued reports on REG shares. Boenning Scattergood reiterated a “hold” rating on shares of Regency Centers in a research note on Monday, November 6th. Zacks Investment Research upgraded shares of Regency Centers from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Thursday, September 21st. Royal Bank of Canada upgraded shares of Regency Centers from an “outperform” rating to a “top pick” rating and lifted their target price for the company from $72.00 to $75.00 in a research note on Thursday, August 17th. BMO Capital Markets started coverage on shares of Regency Centers in a research note on Monday, September 11th. They issued a “market perform” rating and a $65.00 target price for the company. Finally, Robert W. Baird reiterated a “buy” rating on shares of Regency Centers in a research note on Friday, November 3rd.

In other news, CAO J Christian Leavitt sold 2,000 shares of Regency Centers stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $67.61, for a total value of $135,220.00. Following the transaction, the chief accounting officer now owns 14,314 shares of the company’s stock, valued at $967,769.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP James D. Thompson sold 14,983 shares of Regency Centers stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $68.45, for a total transaction of $1,025,586.35. Following the completion of the transaction, the vice president now directly owns 48,976 shares in the company, valued at approximately $3,352,407.20. The disclosure for this sale can be found here. In the last three months, insiders sold 21,483 shares of company stock worth $1,169,356. Insiders own 12.66% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC bought a new position in shares of Regency Centers in the second quarter valued at approximately $124,000. Perigon Wealth Management LLC raised its position in shares of Regency Centers by 93.2% in the second quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 1,025 shares during the period. Global X Management Co. LLC bought a new position in shares of Regency Centers in the second quarter valued at approximately $179,000. Advisor Group Inc. raised its position in shares of Regency Centers by 15.6% in the second quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock valued at $188,000 after purchasing an additional 404 shares during the period. Finally, Riverhead Capital Management LLC raised its position in shares of Regency Centers by 342.9% in the second quarter. Riverhead Capital Management LLC now owns 3,100 shares of the real estate investment trust’s stock valued at $194,000 after purchasing an additional 2,400 shares during the period. 92.49% of the stock is currently owned by institutional investors.

Regency Centers (NYSE REG) traded up $0.44 during mid-day trading on Thursday, hitting $69.20. 912,011 shares of the company traded hands, compared to its average volume of 1,148,022. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $11,667.88, a PE ratio of 18.84, a P/E/G ratio of 2.31 and a beta of 0.58. Regency Centers has a twelve month low of $58.63 and a twelve month high of $72.05.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Tuesday, November 14th. Regency Centers’s dividend payout ratio is 235.56%.

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About Regency Centers

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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