Regency Centers (REG) Rating Reiterated by Boenning Scattergood

Regency Centers (NYSE:REG)‘s stock had its “hold” rating reissued by investment analysts at Boenning Scattergood in a research report issued on Tuesday.

A number of other brokerages also recently commented on REG. Zacks Investment Research raised shares of Regency Centers from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Thursday, September 21st. Jefferies Group set a $71.00 price target on shares of Regency Centers and gave the company a “hold” rating in a report on Friday. Robert W. Baird reaffirmed a “buy” rating on shares of Regency Centers in a report on Friday, November 3rd. BMO Capital Markets set a $68.00 price target on shares of Regency Centers and gave the company a “hold” rating in a report on Thursday, January 11th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $74.00 price target on shares of Regency Centers in a report on Friday, December 1st. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $71.23.

Regency Centers (NYSE:REG) opened at $64.06 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53. Regency Centers has a 1-year low of $58.63 and a 1-year high of $72.05. The company has a market cap of $10,897.28, a PE ratio of 71.18, a price-to-earnings-growth ratio of 2.08 and a beta of 0.58.

Regency Centers (NYSE:REG) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $262.14 million during the quarter, compared to the consensus estimate of $254.04 million. During the same quarter last year, the firm earned $0.81 EPS. equities research analysts forecast that Regency Centers will post 3.7 earnings per share for the current fiscal year.

In other Regency Centers news, CAO J Christian Leavitt sold 2,000 shares of the firm’s stock in a transaction dated 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 owns 14,314 shares of the company’s stock, valued at $967,769.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP James D. Thompson sold 14,983 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $68.45, for a total transaction of $1,025,586.35. Following the completion of the sale, the vice president now directly owns 48,976 shares of the company’s stock, valued at approximately $3,352,407.20. The disclosure for this sale can be found here. In the last three months, insiders sold 228,585 shares of company stock valued at $14,622,751. 12.66% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in REG. FMR LLC lifted its stake in Regency Centers by 3,011.1% in the second quarter. FMR LLC now owns 1,541,911 shares of the real estate investment trust’s stock worth $96,585,000 after purchasing an additional 1,492,349 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Regency Centers by 31.8% in the second quarter. Goldman Sachs Group Inc. now owns 1,631,095 shares of the real estate investment trust’s stock worth $102,172,000 after purchasing an additional 393,523 shares during the last quarter. Cbre Clarion Securities LLC lifted its stake in Regency Centers by 9.0% in the second quarter. Cbre Clarion Securities LLC now owns 4,059,624 shares of the real estate investment trust’s stock worth $254,295,000 after purchasing an additional 334,961 shares during the last quarter. Nationwide Fund Advisors lifted its stake in Regency Centers by 574.6% in the second quarter. Nationwide Fund Advisors now owns 327,499 shares of the real estate investment trust’s stock worth $20,515,000 after purchasing an additional 278,949 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Regency Centers by 17.6% in the third quarter. Wells Fargo & Company MN now owns 1,652,584 shares of the real estate investment trust’s stock worth $102,526,000 after purchasing an additional 247,308 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Regency Centers (NYSE:REG)

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