Regency Centers Corp (REG) Given Average Rating of “Hold” by Analysts

Regency Centers Corp (REG) Given Average Rating of “Hold” by Analysts

Regency Centers Corp (NYSE:REG) has been given an average recommendation of “Hold” by the sixteen ratings firms that are covering the company. Nine equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $78.20.

REG has been the subject of a number of recent analyst reports. TheStreet downgraded Regency Centers Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, November 16th. Evercore ISI upgraded Regency Centers Corp from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company 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 LLC restated a “hold” rating on shares of Regency Centers Corp in a research note on Wednesday, November 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 company from $86.00 to $78.00 in a research note on Tuesday, January 3rd.

In related news, Director Bryce Blair acquired 1,486 shares of the company’s stock in a transaction that occurred on Thursday, December 22nd. The shares were acquired at an average price of $66.92 per share, with a total value of $99,443.12. Following the acquisition, the director now owns 4,084 shares of the company’s stock, valued at approximately $273,301.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Standard Life Investments LTD boosted its stake in Regency Centers Corp by 1,173.7% in the third quarter. Standard Life Investments LTD now owns 843,566 shares of the real estate investment trust’s stock valued at $65,355,000 after buying an additional 777,336 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Regency Centers Corp by 16.1% in the second quarter. BlackRock Fund Advisors now owns 5,359,133 shares of the real estate investment trust’s stock valued at $448,720,000 after buying an additional 742,846 shares during the period. Bank of New York Mellon Corp raised its position in shares of Regency Centers Corp by 31.6% in the third quarter. Bank of New York Mellon Corp now owns 3,073,893 shares of the real estate investment trust’s stock valued at $238,196,000 after buying an additional 737,772 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Regency Centers Corp during the fourth quarter valued at approximately $31,083,000. Finally, Principal Financial Group Inc. raised its position in shares of Regency Centers Corp by 11.6% in the third quarter. Principal Financial Group Inc. now owns 2,602,267 shares of the real estate investment trust’s stock valued at $201,650,000 after buying an additional 269,615 shares during the period. 99.17% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Corp (NYSE:REG) opened at 69.30 on Friday. The company has a 50 day moving average price of $69.11 and a 200-day moving average price of $73.42. The company has a market cap of $7.22 billion, a PE ratio of 65.01 and a beta of 0.58. Regency Centers Corp has a 12 month low of $65.16 and a 12 month high of $85.35.

About Regency Centers Corp

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.

Related posts

Leave a Comment