Regency Centers Corporation (NYSE:REG) Coverage Initiated by Analysts at BMO Capital Markets

Research analysts at BMO Capital Markets started coverage on shares of Regency Centers Corporation (NYSE:REG) in a research note issued to investors on Monday, September 11th, MarketBeat reports. The firm set a “market perform” rating and a $65.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ price target points to a potential upside of 1.64% from the stock’s current price.

REG has been the topic of a number of other reports. Robert W. Baird reaffirmed a “buy” rating and set a $72.00 price target on shares of Regency Centers Corporation in a research note on Thursday, August 24th. Zacks Investment Research cut shares of Regency Centers Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. BidaskClub cut shares of Regency Centers Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Argus lowered their price target on shares of Regency Centers Corporation from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, August 31st. Finally, TheStreet raised shares of Regency Centers Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $71.54.

Regency Centers Corporation (REG) traded down 0.86% during midday trading on Monday, hitting $63.40. The company had a trading volume of 28,603 shares. The firm has a market capitalization of $10.76 billion, a P/E ratio of 105.32 and a beta of 0.56. The firm’s 50 day moving average is $65.25 and its 200-day moving average is $64.19. Regency Centers Corporation has a 52 week low of $58.63 and a 52 week high of $79.96.

Regency Centers Corporation (NYSE:REG) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.03. Regency Centers Corporation had a net margin of 13.19% and a return on equity of 2.20%. The company had revenue of $240.42 million for the quarter, compared to analysts’ expectations of $248.50 million. During the same period in the previous year, the company posted $0.81 EPS. On average, equities research analysts expect that Regency Centers Corporation will post $0.89 EPS for the current fiscal year.

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In other Regency Centers Corporation news, Director Mary Lou Fiala sold 7,775 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $65.74, for a total value of $511,128.50. Following the transaction, the director now directly owns 17,145 shares in the company, valued at approximately $1,127,112.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Chaim Katzman sold 1,055,758 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $64.30, for a total transaction of $67,885,239.40. The disclosure for this sale can be found here. 12.66% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Regency Centers Corporation by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 25,977,087 shares of the real estate investment trust’s stock valued at $1,627,206,000 after purchasing an additional 125,593 shares in the last quarter. BlackRock Inc. lifted its holdings in Regency Centers Corporation by 4,387.0% in the 1st quarter. BlackRock Inc. now owns 14,817,817 shares of the real estate investment trust’s stock valued at $983,755,000 after purchasing an additional 14,487,580 shares in the last quarter. State Street Corp lifted its holdings in Regency Centers Corporation by 61.9% in the 1st quarter. State Street Corp now owns 8,575,865 shares of the real estate investment trust’s stock valued at $569,344,000 after purchasing an additional 3,280,070 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Regency Centers Corporation by 109.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,350,352 shares of the real estate investment trust’s stock valued at $335,146,000 after purchasing an additional 2,799,040 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Regency Centers Corporation by 0.5% in the 2nd quarter. Principal Financial Group Inc. now owns 4,963,863 shares of the real estate investment trust’s stock valued at $310,932,000 after purchasing an additional 23,282 shares in the last quarter. Institutional investors own 91.52% of the company’s stock.

Regency Centers Corporation 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.

Analyst Recommendations for Regency Centers Corporation (NYSE:REG)




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