Regency Centers Corp (NYSE:REG) insider H Craig Ramey sold 1,400 shares of Regency Centers stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $59.11, for a total value of $82,754.00. Following the completion of the transaction, the insider now owns 18,337 shares of the company’s stock, valued at $1,083,900.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Regency Centers Corp (NYSE REG) traded up $0.14 during midday trading on Friday, reaching $59.10. The company’s stock had a trading volume of 1,376,076 shares, compared to its average volume of 1,249,160. The stock has a market cap of $10,070.04, a P/E ratio of 67.93, a price-to-earnings-growth ratio of 2.21 and a beta of 0.49. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.94 and a quick ratio of 0.94. Regency Centers Corp has a 12 month low of $54.87 and a 12 month 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 the Zacks’ consensus estimate of $0.92 by ($0.42). The business had revenue of $257.95 million for the quarter, compared to analysts’ expectations of $257.60 million. Regency Centers had a return on equity of 2.71% and a net margin of 18.16%. During the same period last year, the firm earned $0.86 earnings per share. equities analysts anticipate that Regency Centers Corp will post 3.8 earnings per share for the current year.
Regency Centers announced that its Board of Directors has initiated a share buyback program on Thursday, February 8th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of research firms recently issued reports on REG. SunTrust Banks set a $67.00 target price on Regency Centers and gave the company a “buy” rating in a report on Friday, March 2nd. Wells Fargo & Co reiterated an “outperform” rating and issued a $65.00 target price (down from $76.00) on shares of Regency Centers in a report on Friday, March 2nd. Jefferies Group set a $64.00 target price on Regency Centers and gave the company a “hold” rating in a report on Tuesday, February 27th. Zacks Investment Research lowered Regency Centers from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Regency Centers in a report on Monday, February 12th. One analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $69.46.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Regency Centers by 1.4% during the 4th quarter. BlackRock Inc. now owns 15,413,941 shares of the real estate investment trust’s stock worth $1,066,338,000 after buying an additional 214,023 shares during the last quarter. APG Asset Management US Inc. lifted its holdings in Regency Centers by 1.6% during the 4th quarter. APG Asset Management US Inc. now owns 5,247,000 shares of the real estate investment trust’s stock worth $362,987,000 after buying an additional 84,000 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Regency Centers by 3.9% during the 3rd quarter. Principal Financial Group Inc. now owns 5,156,883 shares of the real estate investment trust’s stock worth $319,928,000 after buying an additional 193,020 shares during the last quarter. Cbre Clarion Securities LLC lifted its holdings in Regency Centers by 24.3% during the 4th quarter. Cbre Clarion Securities LLC now owns 5,093,711 shares of the real estate investment trust’s stock worth $352,383,000 after buying an additional 997,435 shares during the last quarter. Finally, Boston Partners lifted its holdings in Regency Centers by 3.8% during the 4th quarter. Boston Partners now owns 2,702,234 shares of the real estate investment trust’s stock worth $186,941,000 after buying an additional 99,819 shares during the last quarter. 90.64% of the stock is owned by institutional investors.
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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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