Regency Centers Corp (NYSE:REG) has been assigned a consensus rating of “Hold” from the sixteen research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $50.23.
A number of equities analysts recently issued reports on the company. BMO Capital Markets assumed coverage on Regency Centers in a report on Tuesday, July 21st. They set a “hold” rating and a $43.00 price objective for the company. Morgan Stanley upped their target price on Regency Centers from $32.50 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. boosted their price target on Regency Centers from $42.00 to $46.00 and gave the stock an “underweight” rating in a research report on Monday, June 1st. Zacks Investment Research lowered Regency Centers from a “hold” rating to a “sell” rating and set a $48.00 price target for the company. in a research report on Wednesday, May 27th. Finally, Citigroup boosted their price target on Regency Centers from $38.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd.
In other Regency Centers news, VP Dan M. Chandler III sold 3,000 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $51.50, for a total transaction of $154,500.00. Following the sale, the vice president now owns 19,367 shares in the company, valued at approximately $997,400.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director H Craig Ramey sold 1,750 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $41.52, for a total value of $72,660.00. Following the sale, the director now owns 17,560 shares in the company, valued at approximately $729,091.20. The disclosure for this sale can be found here. Insiders have sold a total of 24,750 shares of company stock worth $1,238,360 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of REG. Amundi Pioneer Asset Management Inc. grew its stake in Regency Centers by 16.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 221,051 shares of the real estate investment trust’s stock valued at $14,919,000 after purchasing an additional 31,040 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of Regency Centers by 45.9% in the fourth quarter. Guggenheim Capital LLC now owns 132,585 shares of the real estate investment trust’s stock worth $8,364,000 after buying an additional 41,701 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Regency Centers by 45.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,243 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 391 shares during the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of Regency Centers by 4.9% in the first quarter. First Citizens Bank & Trust Co. now owns 43,152 shares of the real estate investment trust’s stock worth $1,659,000 after buying an additional 2,030 shares during the last quarter. Finally, PGGM Investments boosted its stake in shares of Regency Centers by 1.2% in the first quarter. PGGM Investments now owns 4,644,418 shares of the real estate investment trust’s stock worth $178,485,000 after buying an additional 54,817 shares during the last quarter. Institutional investors and hedge funds own 93.87% of the company’s stock.
Shares of Regency Centers stock traded up $1.03 on Friday, reaching $41.23. The company had a trading volume of 63,322 shares, compared to its average volume of 1,398,492. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 2.50 and a beta of 0.37. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.87 and a quick ratio of 0.87. The firm’s 50-day moving average price is $42.47 and its two-hundred day moving average price is $46.27. Regency Centers has a 1 year low of $31.80 and a 1 year high of $70.13.
Regency Centers (NYSE:REG) last announced its earnings results on Monday, August 3rd. The real estate investment trust reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.67). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. During the same period in the previous year, the firm posted $0.95 earnings per share. As a group, analysts anticipate that Regency Centers will post 3.78 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Friday, August 14th will be given a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 5.77%. The ex-dividend date of this dividend is Thursday, August 13th. Regency Centers’s dividend payout ratio is currently 64.50%.
About Regency Centers
Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.
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