Press coverage about Regency Centers (NYSE:REG) has been trending somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Regency Centers earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.6381109642662 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
Shares of Regency Centers (REG) opened at $61.83 on Wednesday. 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 has a one year low of $58.63 and a one year high of $72.05. The stock has a market cap of $10,643.81, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 2.07 and a beta of 0.58.
Regency Centers (NYSE:REG) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. Regency Centers had a net margin of 17.59% and a return on equity of 2.82%. The company had revenue of $262.14 million for the quarter, compared to the consensus estimate of $254.04 million. During the same period in the previous year, the business earned $0.81 EPS. equities research analysts anticipate that Regency Centers will post 3.7 earnings per share for the current year.
REG has been the topic of a number of analyst reports. Boenning Scattergood raised Regency Centers from an “under perform” rating to a “neutral” rating in a research report on Tuesday, October 3rd. Zacks Investment Research raised Regency Centers from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Tuesday, October 10th. Robert W. Baird reissued a “buy” rating on shares of Regency Centers in a report on Friday, November 3rd. SunTrust Banks restated a “buy” rating and issued a $74.00 target price on shares of Regency Centers in a research note on Friday, December 1st. Finally, Jefferies Group set a $69.00 target price on Regency Centers and gave the company a “hold” rating in a research note on Friday, December 15th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $71.29.
In related news, CAO J Christian Leavitt sold 2,000 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $67.61, for a total value of $135,220.00. Following the completion of the sale, the chief accounting officer now directly owns 14,314 shares in the company, valued at $967,769.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Chaim Katzman sold 52,771 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $64.14, for a total transaction of $3,384,731.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 598,762 shares of company stock worth $38,701,922. 12.66% of the stock is currently owned by corporate insiders.
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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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