Regency Centers Corporation (NYSE:REG) Given New $71.00 Price Target at Barclays PLC

Regency Centers Corporation (NYSE:REG) had its target price cut by research analysts at Barclays PLC from $73.00 to $71.00 in a research report issued on Tuesday. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Barclays PLC’s price objective points to a potential upside of 10.11% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. TheStreet downgraded shares of Regency Centers Corporation from a “b” rating to a “c” rating in a research note on Tuesday, May 9th. Jefferies Group LLC reaffirmed a “buy” rating and set a $74.00 target price on shares of Regency Centers Corporation in a research note on Monday. BidaskClub downgraded shares of Regency Centers Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Zacks Investment Research downgraded shares of Regency Centers Corporation from a “buy” rating to a “hold” rating in a research note on Monday, March 27th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $67.00 target price (down from $70.00) on shares of Regency Centers Corporation in a research note on Monday, July 10th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $74.18.

Shares of Regency Centers Corporation (NYSE REG) opened at 64.48 on Tuesday. The stock has a market capitalization of $10.94 billion, a PE ratio of 111.17 and a beta of 0.55. Regency Centers Corporation has a 12 month low of $58.63 and a 12 month high of $85.32. The stock’s 50 day moving average is $62.16 and its 200 day moving average is $65.56.

Regency Centers Corporation (NYSE:REG) last posted its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.07. The company had revenue of $189.43 million for the quarter, compared to analyst estimates of $185.43 million. Regency Centers Corporation had a net margin of 13.68% and a return on equity of 2.75%. During the same period in the previous year, the business posted $0.86 EPS. Analysts anticipate that Regency Centers Corporation will post $1.22 earnings per share for the current fiscal year.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE boosted its stake in shares of Regency Centers Corporation by 56.5% in the second quarter. US Bancorp DE now owns 27,471 shares of the real estate investment trust’s stock worth $1,721,000 after buying an additional 9,915 shares in the last quarter. Ranger Global Real Estate Advisors LLC boosted its stake in shares of Regency Centers Corporation by 4.6% in the second quarter. Ranger Global Real Estate Advisors LLC now owns 153,430 shares of the real estate investment trust’s stock worth $9,611,000 after buying an additional 6,732 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Regency Centers Corporation by 36.8% in the second quarter. Aperio Group LLC now owns 53,036 shares of the real estate investment trust’s stock worth $3,322,000 after buying an additional 14,280 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Regency Centers Corporation by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the real estate investment trust’s stock worth $570,000 after buying an additional 100 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Regency Centers Corporation by 508.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 24,874 shares of the real estate investment trust’s stock worth $1,558,000 after buying an additional 20,789 shares in the last quarter. Institutional investors and hedge funds own 86.89% 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)

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