Regency Centers Corp. (NYSE:REG) was downgraded by investment analysts at TheStreet from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

A number of other brokerages have also issued reports on REG. Jefferies Group set a $83.00 price objective on shares of Regency Centers Corp. and gave the company a “hold” rating in a report on Wednesday, August 3rd. Deutsche Bank AG upped their price objective on shares of Regency Centers Corp. from $69.00 to $77.00 and gave the company a “hold” rating in a report on Wednesday, August 17th. Evercore ISI raised shares of Regency Centers Corp. from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Thursday, November 3rd. Royal Bank Of Canada upped their price objective on shares of Regency Centers Corp. from $82.00 to $91.00 and gave the company a “top pick” rating in a report on Friday, August 5th. Finally, Zacks Investment Research lowered shares of Regency Centers Corp. from a “hold” rating to a “sell” rating in a research note on Monday, October 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $79.82.

Analyst Recommendations for Regency Centers Corp. (NYSE:REG)

Regency Centers Corp. (NYSE:REG) opened at 65.38 on Wednesday. The company has a market capitalization of $6.81 billion, a P/E ratio of 61.33 and a beta of 0.69. Regency Centers Corp. has a 1-year low of $64.33 and a 1-year high of $85.35. The company has a 50-day moving average of $72.49 and a 200-day moving average of $77.93.

Regency Centers Corp. (NYSE:REG) last announced its quarterly earnings data on Tuesday, November 1st. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.01. Regency Centers Corp. had a net margin of 20.55% and a return on equity of 6.61%. During the same period last year, the company earned $0.76 earnings per share. Equities analysts expect that Regency Centers Corp. will post $3.26 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 16th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $2.00 annualized dividend and a yield of 3.06%. Regency Centers Corp.’s dividend payout ratio (DPR) is 186.92%.

In other news, Director Bryce Blair bought 1,251 shares of Regency Centers Corp. stock in a transaction that occurred on Tuesday, August 23rd. The shares were purchased at an average price of $79.79 per share, with a total value of $99,817.29. Following the completion of the acquisition, the director now directly owns 4,084 shares in the company, valued at $325,862.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of REG. Veritable L.P. boosted its stake in shares of Regency Centers Corp. by 0.5% in the second quarter. Veritable L.P. now owns 8,463 shares of the real estate investment trust’s stock valued at $709,000 after buying an additional 40 shares during the period. 1st Global Advisors Inc. boosted its stake in shares of Regency Centers Corp. 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 buying an additional 57 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in shares of Regency Centers Corp. 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 buying an additional 65 shares during the period. Phocas Financial Corp. boosted its stake in shares of Regency Centers Corp. 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 buying an additional 75 shares during the period. Finally, Somerset Trust Co boosted its stake in shares of Regency Centers Corp. 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 buying an additional 77 shares during the period. 96.68% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Corp. Company Profile

Regency Centers Corporation is a real estate investment trust (REIT) and the general partner of the Regency Centers, L.P. (Operating Partnership). The Company’s operating, investing and financing activities are performed through the Operating Partnership, its subsidiaries and through its co-investment partnerships.

5 Day Chart for NYSE:REG

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