TheStreet upgraded shares of Regency Centers Corp. (NYSE:REG) from a c+ rating to a b- rating in a report released on Tuesday morning.
A number of other analysts also recently issued reports on the company. Evercore ISI raised Regency Centers Corp. from a hold rating to a buy rating and set a $80.00 price objective on the stock in a research note on Thursday, November 3rd. Zacks Investment Research downgraded Regency Centers Corp. from a hold rating to a sell rating in a research note on Monday, October 24th. Jefferies Group reaffirmed a hold rating on shares of Regency Centers Corp. in a research note on Wednesday, November 9th. Raymond James Financial Inc. reaffirmed a market perform rating on shares of Regency Centers Corp. in a research note on Monday, January 9th. Finally, RBC Capital Markets downgraded Regency Centers Corp. from a top pick rating to an outperform rating and reduced their price objective for the stock from $86.00 to $78.00 in a research note on Tuesday, January 3rd. Nine research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $78.73.
Shares of Regency Centers Corp. (NYSE:REG) traded down 1.507% during trading on Tuesday, hitting $68.955. The company had a trading volume of 300,523 shares. Regency Centers Corp. has a 52 week low of $65.16 and a 52 week high of $85.35. The stock’s 50-day moving average price is $67.99 and its 200 day moving average price is $74.75. The company has a market capitalization of $7.18 billion, a P/E ratio of 64.686 and a beta of 0.62.
Regency Centers Corp. (NYSE:REG) last released its quarterly earnings data on Tuesday, November 1st. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.01. Regency Centers Corp. had a return on equity of 6.61% and a net margin of 20.55%. During the same period in the prior year, the business posted $0.76 EPS. On average, equities research analysts forecast that Regency Centers Corp. will post $1.26 earnings per share for the current year.
In other news, Director Bryce Blair bought 1,486 shares of the stock in a transaction on Thursday, December 22nd. The stock was acquired at an average cost of $66.92 per share, for a total transaction of $99,443.12. Following the acquisition, the director now owns 4,084 shares of the company’s stock, valued at $273,301.28. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the company. Riverhead Capital Management LLC boosted its stake in shares of Regency Centers Corp. by 161.4% in the third quarter. Riverhead Capital Management LLC now owns 2,300 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 1,420 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Regency Centers Corp. during the second quarter valued at $210,000. Hartford Investment Management Co. purchased a new stake in shares of Regency Centers Corp. during the third quarter valued at $243,000. Quantbot Technologies LP boosted its stake in shares of Regency Centers Corp. by 15.1% in the third quarter. Quantbot Technologies LP now owns 3,246 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 425 shares in the last quarter. Finally, KCG Holdings Inc. purchased a new stake in shares of Regency Centers Corp. during the third quarter valued at $252,000. Institutional investors and hedge funds own 98.55% of the company’s stock.
Regency Centers Corp. Company Profile
Regency Centers Corporation is a real estate investment trust (REIT) and the general partner of the Regency Centers, L.P. (Operating Partnership). The Company’s operating, investing and financing activities are performed through the Operating Partnership, its subsidiaries and through its co-investment partnerships.