Regency Centers (NYSE:REG) has been assigned a $71.00 price target by equities research analysts at Jefferies Group in a research note issued on Friday. The firm presently has a “hold” rating on the real estate investment trust’s stock. Jefferies Group’s price objective indicates a potential upside of 10.83% from the company’s current price.
A number of other research firms also recently weighed in on REG. Boenning Scattergood restated a “hold” rating on shares of Regency Centers in a research report on Monday, November 6th. Zacks Investment Research upgraded Regency Centers from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Thursday, September 21st. Robert W. Baird restated a “buy” rating on shares of Regency Centers in a research report on Friday, November 3rd. BMO Capital Markets set a $68.00 price target on Regency Centers and gave the company a “hold” rating in a research report on Thursday. Finally, SunTrust Banks restated a “buy” rating and set a $74.00 price target on shares of Regency Centers in a research report on Friday, December 1st. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $71.23.
Shares of Regency Centers (NYSE REG) opened at $64.06 on Friday. The stock has a market capitalization of $10,900.00, a price-to-earnings ratio of 71.18, a P/E/G ratio of 2.09 and a beta of 0.58. Regency Centers has a 52 week low of $58.63 and a 52 week high of $72.05. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 0.63.
Regency Centers (NYSE:REG) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.04. Regency Centers had a return on equity of 2.82% and a net margin of 17.59%. The business had revenue of $262.14 million for the quarter, compared to the consensus estimate of $254.04 million. During the same quarter last year, the business posted $0.81 earnings per share. equities analysts expect that Regency Centers will post 3.69 EPS for the current fiscal year.
In other news, VP James D. Thompson sold 14,983 shares of Regency Centers stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $68.45, for a total value of $1,025,586.35. Following the transaction, the vice president now owns 48,976 shares in the company, valued at $3,352,407.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO J Christian Leavitt sold 2,000 shares of Regency Centers stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $67.61, for a total value of $135,220.00. Following the completion of the transaction, the chief accounting officer now owns 14,314 shares in the company, valued at approximately $967,769.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 228,585 shares of company stock worth $14,622,751. Company insiders own 12.66% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Tennessee Treasury Department increased its holdings in shares of Regency Centers by 0.3% in the second quarter. State of Tennessee Treasury Department now owns 40,005 shares of the real estate investment trust’s stock worth $2,506,000 after buying an additional 110 shares during the period. IHT Wealth Management LLC purchased a new position in shares of Regency Centers in the second quarter worth about $124,000. Phocas Financial Corp. increased its holdings in shares of Regency Centers by 3.5% in the second quarter. Phocas Financial Corp. now owns 7,558 shares of the real estate investment trust’s stock worth $473,000 after buying an additional 254 shares during the period. Westwood Holdings Group Inc. increased its holdings in shares of Regency Centers by 1.5% in 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 buying an additional 284 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in Regency Centers by 8.5% during the 2nd quarter. Pacer Advisors Inc. now owns 3,682 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 290 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.
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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.
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