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

Several other equities analysts have also recently issued reports on the company. Zacks Investment Research raised Regency Centers from a hold rating to a buy rating and set a $72.00 price objective for the company in a report on Tuesday, November 7th. Jefferies Group set a $69.00 price objective on Regency Centers and gave the stock a hold rating in a report on Friday, December 15th. Boenning Scattergood reaffirmed a hold rating on shares of Regency Centers in a report on Monday, November 6th. BMO Capital Markets set a $68.00 price objective on Regency Centers and gave the stock a hold rating in a report on Thursday, January 11th. Finally, SunTrust Banks reaffirmed a buy rating and set a $74.00 price objective on shares of Regency Centers in a report on Friday, December 1st. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Regency Centers currently has a consensus rating of Buy and an average price target of $71.29.

Regency Centers (REG) opened at $56.70 on Thursday. The stock has a market capitalization of $9,454.74, a price-to-earnings ratio of 65.17, a P/E/G ratio of 1.84 and a beta of 0.43. Regency Centers has a 1-year low of $55.03 and a 1-year high of $72.05. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53.

Regency Centers (NYSE:REG) last issued its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.42). The firm had revenue of $257.95 million for the quarter, compared to analyst estimates of $257.60 million. Regency Centers had a return on equity of 2.72% and a net margin of 18.16%. During the same period in the prior year, the firm posted $0.86 earnings per share. analysts predict that Regency Centers will post 3.78 EPS for the current year.

Regency Centers declared that its board has authorized a share buyback program on Thursday, February 8th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other news, VP James D. Thompson sold 14,983 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $68.45, for a total value of $1,025,586.35. Following the completion of the transaction, the vice president now directly owns 48,976 shares of the company’s stock, valued at $3,352,407.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Chaim Katzman sold 52,771 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $64.14, for a total value of $3,384,731.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 598,762 shares of company stock valued at $38,701,922. Insiders own 12.66% of the company’s stock.

Several large investors have recently made changes to their positions in REG. Advisor Group Inc. grew its position 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 valued at $188,000 after purchasing an additional 404 shares during the period. HighTower Advisors LLC grew its position in shares of Regency Centers by 37.1% in the second quarter. HighTower Advisors LLC now owns 6,730 shares of the real estate investment trust’s stock valued at $423,000 after purchasing an additional 1,820 shares during the period. Janus Henderson Group PLC grew its position in shares of Regency Centers by 4.1% in the second quarter. Janus Henderson Group PLC now owns 242,261 shares of the real estate investment trust’s stock valued at $15,179,000 after purchasing an additional 9,564 shares during the period. Gotham Asset Management LLC grew its position in shares of Regency Centers by 84.2% in the second quarter. Gotham Asset Management LLC now owns 20,876 shares of the real estate investment trust’s stock valued at $1,308,000 after purchasing an additional 9,544 shares during the period. Finally, Cubist Systematic Strategies LLC grew its position in shares of Regency Centers by 1,712.8% in the second quarter. Cubist Systematic Strategies LLC now owns 9,517 shares of the real estate investment trust’s stock valued at $596,000 after purchasing an additional 8,992 shares during the period. 92.11% of the stock is owned by institutional investors and hedge funds.

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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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