TheStreet upgraded shares of Regency Centers Corporation (NYSE:REG) from a c rating to a b- rating in a research report released on Thursday.

A number of other equities analysts also recently commented on REG. BidaskClub upgraded Regency Centers Corporation from a hold rating to a buy rating in a research note on Tuesday, August 1st. Jefferies Group LLC restated a hold rating and issued a $72.00 target price on shares of Regency Centers Corporation in a research note on Friday, May 26th. Royal Bank Of Canada restated a buy rating and issued a $70.00 target price on shares of Regency Centers Corporation in a research note on Monday, June 19th. Barclays PLC decreased their target price on Regency Centers Corporation from $73.00 to $71.00 and set an equal weight rating for the company in a research note on Tuesday, July 18th. Finally, Citigroup Inc. restated a neutral rating and issued a $67.00 target price (down from $70.00) on shares of Regency Centers Corporation in a research note on Monday, July 10th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $74.18.

Shares of Regency Centers Corporation (REG) opened at 66.73 on Thursday. Regency Centers Corporation has a 52-week low of $58.63 and a 52-week high of $84.21. The firm has a market capitalization of $11.33 billion, a PE ratio of 115.05 and a beta of 0.56. The firm’s 50-day moving average price is $63.19 and its 200-day moving average price is $65.32.

Regency Centers Corporation (NYSE:REG) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.03. Regency Centers Corporation had a return on equity of 2.63% and a net margin of 13.19%. The company had revenue of $240.42 million during the quarter, compared to the consensus estimate of $248.50 million. During the same period in the previous year, the firm posted $0.81 earnings per share. On average, equities analysts predict that Regency Centers Corporation will post $1.43 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Regency Centers Corporation (REG) Lifted to B- at TheStreet” was posted by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/06/regency-centers-corporation-reg-lifted-to-b-at-thestreet.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $2.12 annualized dividend and a dividend yield of 3.18%. Regency Centers Corporation’s dividend payout ratio is presently 353.34%.

In other Regency Centers Corporation news, insider H Craig Ramey sold 1,048 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $62.17, for a total value of $65,154.16. Following the completion of the sale, the insider now directly owns 15,769 shares in the company, valued at $980,358.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John C. Schweitzer sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $61.13, for a total value of $244,520.00. Following the completion of the sale, the director now owns 46,694 shares of the company’s stock, valued at $2,854,404.22. The disclosure for this sale can be found here. Corporate insiders own 12.66% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Regency Centers Corporation by 59.5% in the first quarter. Vanguard Group Inc. now owns 25,851,494 shares of the real estate investment trust’s stock worth $1,716,282,000 after buying an additional 9,643,138 shares during the period. BlackRock Inc. increased its stake in Regency Centers Corporation by 4,387.0% in the first quarter. BlackRock Inc. now owns 14,817,817 shares of the real estate investment trust’s stock worth $983,755,000 after buying an additional 14,487,580 shares during the period. State Street Corp increased its stake in Regency Centers Corporation by 61.9% in the first quarter. State Street Corp now owns 8,575,865 shares of the real estate investment trust’s stock worth $569,344,000 after buying an additional 3,280,070 shares during the period. Daiwa Securities Group Inc. increased its stake in Regency Centers Corporation by 109.7% in the second quarter. Daiwa Securities Group Inc. now owns 5,350,352 shares of the real estate investment trust’s stock worth $335,146,000 after buying an additional 2,799,040 shares during the period. Finally, APG Asset Management US Inc. increased its stake in Regency Centers Corporation by 15.3% in the first quarter. APG Asset Management US Inc. now owns 5,163,000 shares of the real estate investment trust’s stock worth $342,772,000 after buying an additional 684,300 shares during the period. Hedge funds and other institutional investors own 87.18% of the company’s stock.

About Regency Centers Corporation

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)

Receive News & Ratings for Regency Centers Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regency Centers Corporation and related companies with MarketBeat.com's FREE daily email newsletter.