Analysts Set Regency Centers Corporation (REG) PT at $72.27

Regency Centers Corporation (NYSE:REG) has earned a consensus rating of “Buy” from the fifteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $72.27.

REG has been the topic of several recent analyst reports. Zacks Investment Research raised Regency Centers Corporation 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 14th. Barclays PLC dropped their price target 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. Citigroup Inc. reissued a “neutral” rating and set a $67.00 price target (down from $70.00) on shares of Regency Centers Corporation in a research report on Monday, July 10th. Jefferies Group LLC lowered Regency Centers Corporation from a “buy” rating to a “hold” rating and dropped their price target for the company from $74.00 to $67.00 in a research report on Friday, September 15th. Finally, BMO Capital Markets began coverage on Regency Centers Corporation in a research report on Monday, September 11th. They issued a “market perform” rating and a $65.00 target price on the stock.

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Regency Centers Corporation (REG) traded down 0.45% during mid-day trading on Wednesday, reaching $62.24. The company’s stock had a trading volume of 589,044 shares. Regency Centers Corporation has a 1-year low of $58.63 and a 1-year high of $72.05. The firm has a 50-day moving average of $63.34 and a 200 day moving average of $63.52. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 103.39 and a beta of 0.56.

Regency Centers Corporation (NYSE:REG) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.03. The firm had revenue of $240.42 million for the quarter, compared to analyst estimates of $248.50 million. Regency Centers Corporation had a return on equity of 2.20% and a net margin of 13.19%. During the same period in the previous year, the firm earned $0.81 earnings per share. Equities analysts expect that Regency Centers Corporation will post $0.85 earnings per share for the current year.

In other news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Lou Fiala sold 7,775 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $65.74, for a total value of $511,128.50. Following the sale, the director now owns 17,145 shares of the company’s stock, valued at approximately $1,127,112.30. The disclosure for this sale can be found here. Corporate 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. Resolution Capital Ltd boosted its stake in shares of Regency Centers Corporation by 1.4% during the 3rd quarter. Resolution Capital Ltd now owns 774,591 shares of the real estate investment trust’s stock worth $48,056,000 after acquiring an additional 10,734 shares in the last quarter. Westpac Banking Corp boosted its stake in shares of Regency Centers Corporation by 1.1% during the 3rd quarter. Westpac Banking Corp now owns 232,165 shares of the real estate investment trust’s stock worth $14,404,000 after acquiring an additional 2,481 shares in the last quarter. Green Street Investors LLC boosted its stake in shares of Regency Centers Corporation by 2.0% during the 3rd quarter. Green Street Investors LLC now owns 72,800 shares of the real estate investment trust’s stock worth $4,517,000 after acquiring an additional 1,400 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Regency Centers Corporation during the 3rd quarter worth about $720,000. Finally, Honeywell International Inc. boosted its stake in shares of Regency Centers Corporation by 27.8% during the 3rd quarter. Honeywell International Inc. now owns 56,679 shares of the real estate investment trust’s stock worth $3,516,000 after acquiring an additional 12,312 shares in the last quarter. Institutional investors own 91.59% 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.

Analyst Recommendations for Regency Centers Corporation (NYSE:REG)

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