ValuEngine downgraded shares of Regency Centers (NYSE:REG) from a hold rating to a sell rating in a research note published on Monday morning.
Several other research analysts also recently weighed in on REG. Deutsche Bank lowered their price objective on shares of Regency Centers from $73.00 to $72.00 and set a hold rating on the stock in a report on Monday, March 19th. Robert W. Baird reiterated a buy rating and issued a $68.00 target price on shares of Regency Centers in a report on Wednesday, March 21st. Morgan Stanley assumed coverage on shares of Regency Centers in a report on Tuesday, March 27th. They issued an overweight rating and a $65.00 target price for the company. Jefferies Financial Group set a $62.00 target price on shares of Regency Centers and gave the company a hold rating in a report on Friday, April 13th. Finally, Barclays reiterated a hold rating and issued a $63.00 target price on shares of Regency Centers in a report on Tuesday, April 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Regency Centers currently has a consensus rating of Buy and an average target price of $68.32.
Regency Centers opened at $61.64 on Monday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.19. Regency Centers has a 1-year low of $54.87 and a 1-year high of $70.64. The firm has a market cap of $10.44 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 2.30 and a beta of 0.47.
Regency Centers (NYSE:REG) last released its quarterly earnings data on Monday, April 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.63). Regency Centers had a return on equity of 3.83% and a net margin of 23.85%. The business had revenue of $269.54 million for the quarter, compared to analyst estimates of $263.14 million. During the same quarter in the previous year, the company posted $0.90 EPS. equities research analysts anticipate that Regency Centers will post 3.78 earnings per share for the current year.
In related news, insider H Craig Ramey sold 1,200 shares of the stock in a transaction dated Tuesday, May 8th. The shares were sold at an average price of $58.80, for a total transaction of $70,560.00. Following the completion of the transaction, the insider now owns 17,137 shares in the company, valued at $1,007,655.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.10% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of REG. Brown Advisory Inc. bought a new position in Regency Centers during the first quarter valued at about $206,000. WINTON GROUP Ltd bought a new position in Regency Centers during the first quarter valued at about $207,000. Advisor Partners LLC bought a new position in Regency Centers during the first quarter valued at about $249,000. Commerzbank Aktiengesellschaft FI grew its position in Regency Centers by 36.3% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 4,470 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 1,190 shares during the period. Finally, Montag A & Associates Inc. bought a new position in Regency Centers during the first quarter valued at about $280,000. Institutional investors own 91.78% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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