Regency Centers Corp (NYSE:REG) has been given a consensus rating of “Buy” by the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $69.30.

REG has been the topic of several recent analyst reports. Wells Fargo & Co lifted their target price on Regency Centers from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, August 10th. Barclays reiterated a “hold” rating and set a $63.00 target price on shares of Regency Centers in a report on Sunday, October 14th. Citigroup upgraded Regency Centers from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $67.00 to $74.00 in a report on Friday, September 14th. SunTrust Banks reiterated a “buy” rating and set a $69.00 target price on shares of Regency Centers in a report on Monday, November 19th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $65.00 target price on shares of Regency Centers in a report on Tuesday, September 25th.

In other news, insider Nicholas Andrew Wibbenmeyer sold 2,095 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $65.81, for a total value of $137,871.95. Following the sale, the insider now directly owns 2,086 shares in the company, valued at $137,279.66. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Several institutional investors have recently modified their holdings of REG. BNP Paribas Arbitrage SA lifted its holdings in shares of Regency Centers by 43.3% in the second quarter. BNP Paribas Arbitrage SA now owns 83,964 shares of the real estate investment trust’s stock valued at $5,212,000 after purchasing an additional 25,373 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Regency Centers by 59.8% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 13,100 shares of the real estate investment trust’s stock valued at $813,000 after purchasing an additional 4,900 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in Regency Centers during the second quarter worth about $239,000. Piedmont Investment Advisors LLC bought a new stake in Regency Centers during the second quarter worth about $107,000. Finally, BP PLC bought a new stake in Regency Centers during the second quarter worth about $1,242,000. Institutional investors own 93.87% of the company’s stock.

REG stock traded up $2.63 during midday trading on Thursday, hitting $65.82. 1,544,200 shares of the company’s stock were exchanged, compared to its average volume of 1,176,202. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. The firm has a market cap of $11.02 billion, a PE ratio of 17.84, a P/E/G ratio of 2.50 and a beta of 0.37. Regency Centers has a one year low of $54.87 and a one year high of $70.64.

Regency Centers (NYSE:REG) last posted its earnings results on Thursday, October 25th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The firm had revenue of $278.31 million for the quarter, compared to analyst estimates of $267.51 million. Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. On average, analysts forecast that Regency Centers will post 3.78 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 14th were issued a $0.555 dividend. The ex-dividend date of this dividend was Tuesday, November 13th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 3.37%. Regency Centers’s dividend payout ratio (DPR) is 60.16%.

About Regency Centers

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.

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Analyst Recommendations for Regency Centers (NYSE:REG)

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