Regency Centers (NYSE:REG) was upgraded by BTIG Research from a “neutral” rating to a “buy” rating in a report released on Monday.
Other equities research analysts have also issued reports about the stock. Robert W. Baird reissued a “buy” rating on shares of Regency Centers in a report on Friday, November 3rd. Zacks Investment Research lowered shares of Regency Centers from a “buy” rating to a “hold” rating in a report on Tuesday, November 28th. Boenning Scattergood reissued a “hold” rating on shares of Regency Centers in a report on Tuesday, January 16th. BMO Capital Markets set a $68.00 target price on shares of Regency Centers and gave the stock a “hold” rating in a report on Thursday, January 11th. Finally, Jefferies Group set a $71.00 target price on shares of Regency Centers and gave the stock a “hold” rating in a report on Friday, January 12th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Regency Centers has an average rating of “Buy” and an average target price of $71.23.
Regency Centers (NYSE REG) opened at $63.16 on Monday. The stock has a market cap of $10,744.18, a P/E ratio of 70.18, a P/E/G ratio of 2.09 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 current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53.
Regency Centers (NYSE:REG) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.04. Regency Centers had a net margin of 17.59% and a return on equity of 2.82%. The firm had revenue of $262.14 million for the quarter, compared to analyst estimates of $254.04 million. During the same period in the previous year, the firm posted $0.81 EPS. analysts anticipate that Regency Centers will post 3.7 earnings per share for the current year.
In related news, Director Alan Todd Roth sold 2,500 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $69.89, for a total transaction of $174,725.00. Following the transaction, the director now directly owns 7,453 shares of the company’s stock, valued at $520,890.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Chaim Katzman sold 257,076 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $64.33, for a total transaction of $16,537,699.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 545,991 shares of company stock worth $35,317,190. Insiders own 12.66% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. IHT Wealth Management LLC bought a new position in Regency Centers during the second quarter worth $124,000. Phocas Financial Corp. boosted its stake in Regency Centers by 3.5% during the second quarter. Phocas Financial Corp. now owns 7,558 shares of the real estate investment trust’s stock worth $473,000 after acquiring an additional 254 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in Regency Centers by 1.5% during the second quarter. Westwood Holdings Group Inc. now owns 19,115 shares of the real estate investment trust’s stock worth $1,197,000 after acquiring an additional 284 shares in the last quarter. Kemper Corp Master Retirement Trust boosted its stake in Regency Centers by 7.2% during the second quarter. Kemper Corp Master Retirement Trust now owns 5,595 shares of the real estate investment trust’s stock worth $350,000 after acquiring an additional 375 shares in the last quarter. Finally, Advisor Group Inc. boosted its stake in Regency Centers by 15.6% during the second quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock worth $188,000 after acquiring an additional 404 shares in the last quarter. 92.40% of the stock is currently 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.