Regency Centers (REG) Given Hold Rating at Boenning Scattergood

Regency Centers (NYSE:REG)‘s stock had its “hold” rating reissued by analysts at Boenning Scattergood in a research note issued to investors on Tuesday. Boenning Scattergood also issued estimates for Regency Centers’ FY2017 earnings at $3.68 EPS, Q2 2018 earnings at $0.96 EPS, Q4 2018 earnings at $0.96 EPS and Q1 2019 earnings at $0.99 EPS.

REG has been the topic of several other research reports. Zacks Investment Research upgraded Regency Centers from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Tuesday, October 10th. Jefferies Group set a $69.00 price target on Regency Centers and gave the company a “hold” rating in a research note on Friday, December 15th. SunTrust Banks reiterated a “buy” rating and set a $74.00 price target on shares of Regency Centers in a research note on Friday, December 1st. BMO Capital Markets set a $68.00 price target on Regency Centers and gave the company a “hold” rating in a research note on Thursday, January 11th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Regency Centers in a research note on Friday, November 3rd. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $71.23.

Regency Centers (NYSE REG) opened at $64.21 on Tuesday. Regency Centers has a one year low of $58.63 and a one year high of $72.05. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $10,920.00, a price-to-earnings ratio of 71.34, a P/E/G ratio of 2.10 and a beta of 0.58.

Regency Centers (NYSE:REG) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.04. The firm had revenue of $262.14 million for the quarter, compared to the consensus estimate of $254.04 million. Regency Centers had a return on equity of 2.82% and a net margin of 17.59%. During the same period in the previous year, the business earned $0.81 EPS. analysts predict that Regency Centers will post 3.7 earnings per share for the current year.

In other news, Vice Chairman Chaim Katzman sold 47,230 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $64.32, for a total value of $3,037,833.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO J Christian Leavitt sold 2,000 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $67.61, for a total value of $135,220.00. Following the completion of the sale, the chief accounting officer now owns 14,314 shares in the company, valued at approximately $967,769.54. The disclosure for this sale can be found here. Insiders sold 271,315 shares of company stock worth $17,652,035 in the last 90 days. Company insiders own 12.66% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. IHT Wealth Management LLC purchased a new stake in shares of Regency Centers in the second quarter worth about $124,000. Perigon Wealth Management LLC boosted its stake in shares of Regency Centers by 93.2% in the second quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 1,025 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Regency Centers by 15.6% in the second quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock worth $188,000 after buying an additional 404 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in Regency Centers by 342.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,100 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 2,400 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in Regency Centers in the 3rd quarter worth about $219,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

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Regency Centers 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 (NYSE:REG)

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