Regency Centers (REG) Given a $71.00 Price Target at Jefferies Group
Regency Centers (NYSE:REG) received a $71.00 price objective from equities researchers at Jefferies Group in a report released on Friday. The firm presently has a “hold” rating on the real estate investment trust’s stock. Jefferies Group’s price target would suggest a potential upside of 10.83% from the stock’s current price.
REG has been the topic of several other research reports. Zacks Investment Research upgraded shares of Regency Centers from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Tuesday, October 10th. SunTrust Banks restated a “buy” rating and set a $74.00 price objective on shares of Regency Centers in a research report on Friday, December 1st. Boenning Scattergood upgraded shares of Regency Centers from an “under perform” rating to a “neutral” rating in a research report on Tuesday, October 3rd. Finally, Robert W. Baird restated a “buy” rating on shares of Regency Centers in a research report on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Regency Centers currently has an average rating of “Buy” and an average price target of $71.23.
Regency Centers (NYSE REG) opened at $64.06 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.53. Regency Centers has a fifty-two week low of $58.63 and a fifty-two week high of $72.05. The company has a market cap of $10,900.00, a price-to-earnings ratio of 71.18, a price-to-earnings-growth ratio of 2.09 and a beta of 0.58.
Regency Centers (NYSE:REG) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.04. The firm had revenue of $262.14 million during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.81 EPS. equities research analysts anticipate that Regency Centers will post 3.69 earnings per share for the current year.
In related news, Director Alan Todd Roth sold 2,500 shares of Regency Centers stock in a transaction on Friday, December 15th. The shares were sold at an average price of $69.89, for a total value of $174,725.00. Following the transaction, the director now owns 7,453 shares in the company, valued at approximately $520,890.17. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Chaim Katzman sold 204,602 shares of Regency Centers stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $64.90, for a total transaction of $13,278,669.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 228,585 shares of company stock worth $14,622,751. 12.66% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of REG. 1st Global Advisors Inc. increased its position in shares of Regency Centers by 1.5% in the third quarter. 1st Global Advisors Inc. now owns 3,750 shares of the real estate investment trust’s stock valued at $291,000 after acquiring an additional 57 shares during the period. Public Employees Retirement Association of Colorado increased its position in shares of Regency Centers by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 22,979 shares of the real estate investment trust’s stock valued at $1,924,000 after acquiring an additional 65 shares during the period. Phocas Financial Corp. increased its position in shares of Regency Centers by 1.1% in the first quarter. Phocas Financial Corp. now owns 6,740 shares of the real estate investment trust’s stock valued at $504,000 after acquiring an additional 75 shares during the period. Somerset Trust Co increased its position in shares of Regency Centers by 1.3% in the third quarter. Somerset Trust Co now owns 6,053 shares of the real estate investment trust’s stock valued at $469,000 after acquiring an additional 77 shares during the period. Finally, Alps Advisors Inc. increased its position in shares of Regency Centers by 0.8% in the third quarter. Alps Advisors Inc. now owns 11,086 shares of the real estate investment trust’s stock valued at $859,000 after acquiring an additional 83 shares during the period. Institutional investors own 92.36% of the company’s stock.
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.
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