Regency Centers Corporation (REG) Upgraded to Neutral at Boenning Scattergood
Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Regency Centers Corporation from a buy rating to a hold rating in a research report on Wednesday, August 16th. TheStreet upgraded shares of Regency Centers Corporation from a c rating to a b- rating in a report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a buy rating and issued a $74.00 price objective on shares of Regency Centers Corporation in a research report on Monday, July 17th. Barclays PLC lowered their price objective on Regency Centers Corporation from $73.00 to $71.00 and set an equal weight rating on the stock in a research report on Tuesday, July 18th. Finally, BidaskClub upgraded Regency Centers Corporation from a strong sell rating to a sell rating in a research note on Wednesday, June 14th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $71.54.
Shares of Regency Centers Corporation (NYSE:REG) traded up 0.08% on Tuesday, reaching $62.43. The company’s stock had a trading volume of 132,303 shares. Regency Centers Corporation has a 52-week low of $58.63 and a 52-week high of $75.48. The stock has a 50-day moving average of $64.02 and a 200 day moving average of $63.96. The company has a market cap of $10.60 billion, a price-to-earnings ratio of 103.70 and a beta of 0.56.
Regency Centers Corporation (NYSE:REG) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.03. The business had revenue of $240.42 million during the quarter, compared to analyst estimates 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 period last year, the business earned $0.81 EPS. On average, equities research analysts forecast that Regency Centers Corporation will post $0.85 earnings per share for the current year.
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In related news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $64.30, for a total transaction of $67,885,239.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary Lou Fiala sold 7,775 shares of the stock in a transaction dated 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 directly owns 17,145 shares in the company, valued at approximately $1,127,112.30. The disclosure for this sale can be found here. Company insiders own 12.66% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. IHT Wealth Management LLC purchased a new stake in shares of Regency Centers Corporation during the 2nd quarter valued at about $124,000. Perigon Wealth Management LLC lifted its stake in shares of Regency Centers Corporation by 93.2% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 1,025 shares during the period. Victory Capital Management Inc. bought a new position in shares of Regency Centers Corporation in the 1st quarter worth approximately $176,000. Global X Management Co. LLC bought a new position in shares of Regency Centers Corporation in the 2nd quarter worth approximately $179,000. Finally, Advisor Group Inc. lifted its stake in shares of Regency Centers Corporation by 15.6% in the 2nd quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 404 shares during the period. Institutional investors and hedge funds own 91.55% of the company’s stock.
Regency Centers Corporation 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.
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