Shares of Regency Centers Corp (NYSE:REG) have been given an average rating of “Buy” by the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $69.14.
Separately, Citigroup set a $98.00 price target on Reliance Steel & Aluminum and gave the stock a “hold” rating in a research report on Monday, May 20th.
In other Regency Centers news, insider H Craig Ramey sold 1,000 shares of Regency Centers stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $66.90, for a total transaction of $66,900.00. Following the transaction, the insider now directly owns 16,976 shares in the company, valued at $1,135,694.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in REG. PNC Financial Services Group Inc. boosted its position in Regency Centers by 194.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,459 shares of the real estate investment trust’s stock worth $672,000 after acquiring an additional 7,573 shares during the period. Raymond James & Associates boosted its position in Regency Centers by 1.7% during the 4th quarter. Raymond James & Associates now owns 102,746 shares of the real estate investment trust’s stock worth $6,029,000 after acquiring an additional 1,737 shares during the period. Advisor Group Inc. boosted its position in Regency Centers by 4.6% during the 4th quarter. Advisor Group Inc. now owns 4,997 shares of the real estate investment trust’s stock worth $292,000 after acquiring an additional 219 shares during the period. Bessemer Group Inc. boosted its position in Regency Centers by 367.9% during the 4th quarter. Bessemer Group Inc. now owns 2,171 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 1,707 shares during the period. Finally, United Services Automobile Association boosted its position in Regency Centers by 1.0% during the 4th quarter. United Services Automobile Association now owns 71,746 shares of the real estate investment trust’s stock worth $4,210,000 after acquiring an additional 676 shares during the period. 93.87% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:REG traded down $0.56 during midday trading on Friday, hitting $66.67. The company had a trading volume of 18,218 shares, compared to its average volume of 857,558. Regency Centers has a 12 month low of $55.50 and a 12 month high of $70.26. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. The company has a market cap of $11.36 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37. The business has a fifty day moving average of $67.88.
Regency Centers (NYSE:REG) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.01). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The company had revenue of $286.26 million during the quarter, compared to the consensus estimate of $274.40 million. During the same quarter in the prior year, the business earned $0.96 earnings per share. On average, sell-side analysts forecast that Regency Centers will post 3.78 earnings per share for the current fiscal year.
Regency Centers Company Profile
Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.
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