Somewhat Favorable News Coverage Somewhat Unlikely to Affect Regency Centers (REG) Stock Price

Media coverage about Regency Centers (NYSE:REG) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Regency Centers earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.4779944699031 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media stories that may have impacted Accern’s rankings:

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Shares of NYSE REG traded down $1.14 during trading hours on Thursday, reaching $57.10. The stock had a trading volume of 794,819 shares, compared to its average volume of 1,143,955. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $10,005.14, a price-to-earnings ratio of 15.47, a PEG ratio of 2.20 and a beta of 0.47. Regency Centers has a 52-week low of $54.87 and a 52-week high of $70.64.

Regency Centers (NYSE:REG) last announced its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.42). The firm had revenue of $257.95 million during the quarter, compared to analysts’ expectations of $257.60 million. Regency Centers had a net margin of 18.16% and a return on equity of 2.71%. During the same quarter in the previous year, the firm posted $0.86 EPS. analysts forecast that Regency Centers will post 3.8 earnings per share for the current year.

Regency Centers announced that its Board of Directors has initiated a share repurchase plan on Thursday, February 8th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Several brokerages have issued reports on REG. Boenning Scattergood restated a “hold” rating on shares of Regency Centers in a research report on Monday, February 12th. BTIG Research upgraded Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Monday, January 29th. Jefferies Group set a $62.00 target price on Regency Centers and gave the company a “hold” rating in a research report on Friday, April 13th. Barclays restated a “hold” rating and set a $63.00 target price on shares of Regency Centers in a research report on Tuesday. Finally, BMO Capital Markets set a $68.00 target price on Regency Centers and gave the company a “hold” rating in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Regency Centers has a consensus rating of “Buy” and an average target price of $68.32.

In related news, Director John C. Schweitzer sold 7,136 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $58.36, for a total value of $416,456.96. Following the completion of the transaction, the director now owns 45,847 shares of the company’s stock, valued at $2,675,630.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bryce Blair acquired 1,709 shares of Regency Centers stock in a transaction that occurred on Monday, March 5th. The stock was acquired at an average cost of $58.50 per share, with a total value of $99,976.50. The disclosure for this purchase can be found here. Insiders sold 2,095,240 shares of company stock valued at $122,811,931 in the last quarter. 1.10% of the stock is owned by company insiders.

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Regency Centers Company Profile

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.

Insider Buying and Selling by Quarter for Regency Centers (NYSE:REG)

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