Regency Centers Corporation (REG) Receives Average Rating of “Buy” from Analysts
Regency Centers Corporation (NYSE:REG) has been assigned an average recommendation of “Buy” from the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $74.11.
A number of research analysts have commented on REG shares. Jefferies Group LLC upgraded shares of Regency Centers Corporation from a “hold” rating to a “buy” rating and raised their price target for the stock from $72.00 to $74.00 in a research note on Friday, June 16th. Royal Bank Of Canada restated a “buy” rating and set a $70.00 price target on shares of Regency Centers Corporation in a research note on Monday, June 19th. Citigroup Inc. restated a “neutral” rating and set a $67.00 price target (down previously from $70.00) on shares of Regency Centers Corporation in a research note on Monday, July 10th. Robert W. Baird restated a “buy” rating and set a $72.00 price target on shares of Regency Centers Corporation in a research note on Thursday, August 24th. Finally, BidaskClub upgraded shares of Regency Centers Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st.
Regency Centers Corporation (REG) traded down 0.96% during trading on Tuesday, hitting $64.18. The stock had a trading volume of 828,392 shares. The stock has a 50-day moving average price of $65.41 and a 200-day moving average price of $64.53. The company has a market cap of $10.92 billion, a PE ratio of 94.38 and a beta of 0.56. Regency Centers Corporation has a 52 week low of $58.63 and a 52 week high of $79.96.
Regency Centers Corporation (NYSE:REG) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.03. The firm had revenue of $240.42 million during the quarter, compared to analysts’ expectations of $248.50 million. Regency Centers Corporation had a net margin of 13.19% and a return on equity of 2.20%. During the same quarter last year, the company earned $0.81 earnings per share. Equities analysts predict that Regency Centers Corporation will post $0.92 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Monday, August 14th. Regency Centers Corporation’s dividend payout ratio (DPR) is currently 353.34%.
In other news, Director Mary Lou Fiala sold 7,775 shares of Regency Centers Corporation stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $65.74, for a total value of $511,128.50. Following the completion of the transaction, the director now owns 17,145 shares in the company, valued at $1,127,112.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.66% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Wealthcare Advisory Partners LLC bought a new position in shares of Regency Centers Corporation in the second quarter valued at approximately $459,000. Phocas Financial Corp. raised its stake in shares of Regency Centers Corporation by 3.5% in the second quarter. Phocas Financial Corp. now owns 7,558 shares of the real estate investment trust’s stock valued at $473,000 after acquiring an additional 254 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Regency Centers Corporation by 25.7% in the second quarter. Toronto Dominion Bank now owns 49,630 shares of the real estate investment trust’s stock valued at $3,109,000 after acquiring an additional 10,147 shares during the last quarter. Afam Capital Inc. bought a new position in shares of Regency Centers Corporation in the second quarter valued at approximately $3,764,000. Finally, Westwood Holdings Group Inc. raised its stake in shares of Regency Centers Corporation by 1.5% in the second quarter. Westwood Holdings Group Inc. now owns 19,115 shares of the real estate investment trust’s stock valued at $1,197,000 after acquiring an additional 284 shares during the last quarter. Institutional investors own 91.52% of the company’s stock.
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About Regency Centers Corporation
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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