Regency Centers (NYSE:REG) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c” rating in a note issued to investors on Thursday.

Several other equities analysts have also recently weighed in on REG. Zacks Investment Research cut Regency Centers from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Robert W. Baird reissued a “buy” rating on shares of Regency Centers in a report on Friday, November 3rd. Boenning Scattergood reissued a “hold” rating on shares of Regency Centers in a report on Monday, November 6th. SunTrust Banks reissued a “buy” rating and set a $74.00 price target on shares of Regency Centers in a report on Friday, December 1st. Finally, Jefferies Group set a $69.00 target price on Regency Centers and gave the stock a “hold” rating in a report on Friday, December 15th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $71.29.

Regency Centers (NYSE REG) opened at $56.70 on Thursday. The firm has a market capitalization of $9,840.00, a price-to-earnings ratio of 65.17, a PEG ratio of 1.84 and a beta of 0.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 0.63. Regency Centers has a twelve month low of $55.03 and a twelve month high of $72.05.

Regency Centers (NYSE:REG) last released its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.50 earnings per share 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 the consensus estimate of $257.60 million. Regency Centers had a net margin of 18.16% and a return on equity of 2.72%. During the same period in the previous year, the company earned $0.86 earnings per share. sell-side analysts predict that Regency Centers will post 3.78 earnings per share for the current fiscal year.

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

In other Regency Centers news, Director Alan Todd Roth sold 2,500 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $69.89, for a total transaction of $174,725.00. Following the sale, the director now directly owns 7,453 shares of the company’s stock, valued at $520,890.17. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Chaim Katzman sold 17,600 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $64.06, for a total value of $1,127,456.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 598,762 shares of company stock worth $38,701,922. 12.66% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of REG. American Century Companies Inc. raised its holdings in Regency Centers by 50.0% during the fourth quarter. American Century Companies Inc. now owns 923,620 shares of the real estate investment trust’s stock valued at $63,896,000 after acquiring an additional 307,671 shares during the period. Wells Fargo & Company MN raised its holdings in Regency Centers by 17.6% during the third quarter. Wells Fargo & Company MN now owns 1,652,584 shares of the real estate investment trust’s stock valued at $102,526,000 after acquiring an additional 247,308 shares during the period. BlackRock Inc. raised its holdings in Regency Centers by 1.4% during the fourth 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 period. Principal Financial Group Inc. raised its holdings in Regency Centers by 3.9% during the third 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 period. Finally, Resolution Capital Ltd raised its holdings in Regency Centers by 23.1% during the fourth quarter. Resolution Capital Ltd now owns 953,424 shares of the real estate investment trust’s stock valued at $65,958,000 after acquiring an additional 178,833 shares during the period. 92.11% of the stock is currently 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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