The Capital One Financial Corporation Weighs in on Regency Centers Corp’s FY2019 Earnings (REG)

The Capital One Financial Corporation Weighs in on Regency Centers Corp’s FY2019 Earnings (REG)

Regency Centers Corp (NYSE:REG) – Equities researchers at Capital One Financial Corporation issued their FY2019 earnings estimates for Regency Centers Corp in a research report issued on Tuesday. Capital One Financial Corporation analyst C. Lucas expects that the real estate investment trust will earn $3.95 per share for the year.

A number of other research firms also recently weighed in on REG. Boenning Scattergood reaffirmed a “hold” rating on shares of Regency Centers Corp in a research report on Monday, August 7th. TheStreet raised Regency Centers Corp from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. BidaskClub raised Regency Centers Corp from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada raised Regency Centers Corp from an “outperform” rating to a “top pick” rating and upped their price target for the stock from $72.00 to $75.00 in a research report on Thursday, August 17th. Finally, Jefferies Group LLC downgraded Regency Centers Corp from a “buy” rating to a “hold” rating and reduced their price target for the stock from $74.00 to $67.00 in a research report on Friday, September 15th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Regency Centers Corp has a consensus rating of “Buy” and a consensus price target of $71.46.

Regency Centers Corp (REG) traded down 0.87% during mid-day trading on Wednesday, hitting $62.38. 590,551 shares of the company traded hands. The company has a market capitalization of $10.59 billion, a price-to-earnings ratio of 103.62 and a beta of 0.56. The company’s 50-day moving average price is $63.52 and its 200 day moving average price is $63.65. Regency Centers Corp has a one year low of $58.63 and a one year high of $72.47.

In other news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $64.30, for a total value of $67,885,239.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary Lou Fiala sold 7,775 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $65.74, for a total value of $511,128.50. Following the completion of the sale, the director now directly owns 17,145 shares of the company’s stock, valued at approximately $1,127,112.30. The disclosure for this sale can be found here. Corporate insiders own 12.66% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC acquired a new stake in shares of Regency Centers Corp in the 2nd quarter valued at approximately $124,000. Perigon Wealth Management LLC boosted its holdings in shares of Regency Centers Corp by 93.2% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 1,025 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Regency Centers Corp in the 1st quarter valued at approximately $176,000. Global X Management Co. LLC acquired a new stake in shares of Regency Centers Corp in the 2nd quarter valued at approximately $179,000. Finally, Advisor Group Inc. boosted its holdings in shares of Regency Centers Corp by 15.6% in the 2nd quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 404 shares during the last quarter. 91.41% of the stock is owned by institutional investors.

About Regency Centers Corp

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.

Related posts

Leave a Comment