Regency Centers (NYSE:REG)‘s stock had its “hold” rating reaffirmed by research analysts at Boenning Scattergood in a research note issued to investors on Monday. Boenning Scattergood also issued estimates for Regency Centers’ Q1 2018 earnings at $0.95 EPS, Q3 2019 earnings at $1.00 EPS and Q4 2019 earnings at $1.00 EPS.

A number of other equities research analysts have also issued reports on REG. Zacks Investment Research lowered Regency Centers from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Robert W. Baird reiterated a “buy” rating on shares of Regency Centers in a research note on Friday, November 3rd. SunTrust Banks reiterated a “buy” rating and issued a $74.00 price target on shares of Regency Centers in a research note on Friday, December 1st. Jefferies Group set a $69.00 price target on Regency Centers and gave the stock a “hold” rating in a research note on Friday, December 15th. Finally, BMO Capital Markets set a $68.00 price target on Regency Centers and gave the stock a “hold” rating in a research note on Thursday, January 11th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $71.29.

Shares of Regency Centers (NYSE REG) opened at $57.54 on Monday. Regency Centers has a 12 month low of $54.87 and a 12 month high of $72.05. The company has a quick ratio of 0.63, a current ratio of 0.94 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $9,690.00, a price-to-earnings ratio of 66.14, a price-to-earnings-growth ratio of 2.02 and a beta of 0.43.

Regency Centers (NYSE:REG) last issued its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.42). Regency Centers had a return on equity of 2.71% and a net margin of 18.16%. The business had revenue of $257.95 million during the quarter, compared to analysts’ expectations of $257.60 million. During the same quarter in the previous year, the company posted $0.86 EPS. equities analysts expect that Regency Centers will post 3.51 earnings per share for the current fiscal year.

Regency Centers declared that its Board of Directors has authorized a share buyback plan on Thursday, February 8th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other news, CAO J Christian Leavitt sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $67.61, for a total transaction of $135,220.00. Following the completion of the transaction, the chief accounting officer now owns 14,314 shares in the company, valued at $967,769.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Chaim Katzman sold 257,076 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $64.33, for a total value of $16,537,699.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 598,762 shares of company stock valued at $38,701,922. Company insiders own 12.66% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Regency Centers by 1.4% in the 4th quarter. BlackRock Inc. now owns 15,413,941 shares of the real estate investment trust’s stock valued at $1,066,338,000 after acquiring an additional 214,023 shares during the last quarter. APG Asset Management US Inc. lifted its holdings in shares of Regency Centers by 1.6% in the 4th quarter. APG Asset Management US Inc. now owns 5,247,000 shares of the real estate investment trust’s stock valued at $362,987,000 after acquiring an additional 84,000 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Regency Centers by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 5,156,883 shares of the real estate investment trust’s stock valued at $319,928,000 after acquiring an additional 193,020 shares during the last quarter. Cbre Clarion Securities LLC lifted its holdings in shares of Regency Centers by 24.3% in the 4th quarter. Cbre Clarion Securities LLC now owns 5,093,711 shares of the real estate investment trust’s stock valued at $352,383,000 after acquiring an additional 997,435 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of Regency Centers by 3.8% in the 4th quarter. Boston Partners now owns 2,702,234 shares of the real estate investment trust’s stock valued at $186,941,000 after acquiring an additional 99,819 shares during the last quarter. Hedge funds and other institutional investors own 92.24% of the company’s stock.

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About Regency Centers

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 (NYSE:REG)

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