Media headlines about Regency Centers (NYSE:REG) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Regency Centers earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.5641208927364 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Gazit Globe Completes Sale of Approximately 1.7 Million Shares of Regency Centers Corporation for Approximately USD 101 Million (finance.yahoo.com)
- Insider Selling: Regency Centers Corp (REG) Director Sells 1,759,257 Shares of Stock (americanbankingnews.com)
- Regency Centers Sees Unusually Large Options Volume (REG) (americanbankingnews.com)
- Gazit-Globe sells more Regency Centers shares for $101 mln (feeds.reuters.com)
- Form 4 REGENCY CENTERS CORP For: Feb 08 Filed by: LINNEMAN PETER (streetinsider.com)
Several equities analysts have commented on REG shares. Robert W. Baird reiterated a “buy” rating on shares of Regency Centers in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Regency Centers from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Tuesday, November 7th. BTIG Research upgraded shares of Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Monday, January 29th. SunTrust Banks restated a “buy” rating and issued a $74.00 price target on shares of Regency Centers in a research note on Friday, December 1st. Finally, TheStreet downgraded shares of Regency Centers from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $71.29.
Regency Centers (NYSE:REG) last released its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.42). Regency Centers had a net margin of 18.16% and a return on equity of 2.71%. The business had revenue of $257.95 million during the quarter, compared to analyst estimates of $257.60 million. During the same quarter last year, the company posted $0.86 earnings per share. equities research analysts anticipate that Regency Centers will post 3.8 earnings per share for the current fiscal year.
Regency Centers announced that its board has authorized a stock buyback program on Thursday, February 8th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Tuesday, February 20th will be given a dividend of $0.555 per share. This is a boost from Regency Centers’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.22 annualized dividend and a yield of 3.81%. Regency Centers’s dividend payout ratio is currently 255.17%.
In related news, CAO J Christian Leavitt sold 2,000 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $67.61, for a total transaction of $135,220.00. Following the completion of the sale, the chief accounting officer now owns 14,314 shares of the company’s stock, valued at $967,769.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chaim Katzman sold 1,759,257 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $57.56, for a total transaction of $101,262,832.92. The disclosure for this sale can be found here. Insiders have sold 2,358,019 shares of company stock valued at $139,964,755 in the last ninety days. 12.66% of the stock is currently owned by company insiders.
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.
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