Regency Centers (NYSE:REG) has been assigned a $69.00 price target by stock analysts at Jefferies Group in a report issued on Friday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Jefferies Group’s price target points to a potential downside of 1.43% from the stock’s previous close. Jefferies Group also issued estimates for Regency Centers’ FY2017 earnings at $3.70 EPS and FY2018 earnings at $3.83 EPS.
Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Regency Centers from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Thursday, September 14th. Argus cut their price target on shares of Regency Centers from $80.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, August 31st. Robert W. Baird restated a “buy” rating and set a $72.00 price target on shares of Regency Centers in a report on Thursday, August 24th. SunTrust Banks restated a “buy” rating and set a $74.00 price target on shares of Regency Centers in a report on Friday, December 1st. Finally, Boenning Scattergood restated a “hold” rating on shares of Regency Centers in a report on Monday, November 6th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $70.77.
Regency Centers (NYSE:REG) opened at $70.00 on Friday. The firm has a market cap of $11,771.65, a PE ratio of 19.01, a P/E/G ratio of 2.33 and a beta of 0.58. Regency Centers has a 12 month low of $58.63 and a 12 month high of $72.05. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.53.
In other Regency Centers news, VP James D. Thompson sold 14,983 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $68.45, for a total value of $1,025,586.35. Following the completion of the transaction, the vice president now owns 48,976 shares in the company, valued at $3,352,407.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO J Christian Leavitt sold 2,000 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $67.61, for a total transaction of $135,220.00. Following the completion of the transaction, the chief accounting officer now owns 14,314 shares of the company’s stock, valued at approximately $967,769.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,483 shares of company stock valued at $1,169,356. Insiders own 12.66% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC purchased a new stake in Regency Centers in the second quarter valued at $124,000. Perigon Wealth Management LLC raised its holdings 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 buying an additional 1,025 shares during the last quarter. Invictus RG purchased a new stake in shares of Regency Centers in the first quarter valued at about $136,000. Victory Capital Management Inc. purchased a new stake in shares of Regency Centers in the first quarter valued at about $176,000. Finally, Riverhead Capital Management LLC raised its holdings in shares of Regency Centers by 161.4% in the third quarter. Riverhead Capital Management LLC now owns 2,300 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 1,420 shares during the last quarter. 92.49% of the stock is owned by institutional investors and hedge funds.
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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.
