Regency Centers Co. (NASDAQ:REG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Regency Centers Co. (NASDAQ:REG – Get Rating) have earned a consensus rating of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $74.88.

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Regency Centers from $92.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, March 31st. Morgan Stanley reduced their price objective on shares of Regency Centers from $73.00 to $67.50 and set an “equal weight” rating on the stock in a research report on Thursday, March 3rd. Finally, Compass Point reduced their price objective on shares of Regency Centers from $82.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, February 14th.

In related news, Director Nicholas Andrew Wibbenmeyer sold 4,330 shares of the stock in a transaction dated Wednesday, March 9th. The shares were sold at an average price of $69.81, for a total transaction of $302,277.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of REG. Rockefeller Capital Management L.P. lifted its stake in Regency Centers by 635.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 412 shares of the company’s stock valued at $31,000 after acquiring an additional 356 shares during the period. Private Capital Group LLC lifted its stake in shares of Regency Centers by 103.0% in the 1st quarter. Private Capital Group LLC now owns 544 shares of the company’s stock worth $39,000 after purchasing an additional 276 shares during the period. National Bank of Canada FI bought a new position in shares of Regency Centers in the 4th quarter worth approximately $43,000. Eaton Vance Management lifted its stake in shares of Regency Centers by 21.7% in the 4th quarter. Eaton Vance Management now owns 1,656 shares of the company’s stock worth $47,000 after purchasing an additional 295 shares during the period. Finally, UMB Bank N A MO bought a new position in shares of Regency Centers in the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 91.72% of the company’s stock.

NASDAQ:REG opened at $67.21 on Friday. The company has a fifty day moving average of $68.99 and a 200 day moving average of $70.56. Regency Centers has a 52 week low of $61.48 and a 52 week high of $78.78. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $11.58 billion, a P/E ratio of 24.18, a P/E/G ratio of 5.66 and a beta of 1.08.

Regency Centers (NASDAQ:REG – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.69. Regency Centers had a net margin of 39.83% and a return on equity of 7.30%. During the same quarter last year, the company posted $0.90 earnings per share. As a group, analysts anticipate that Regency Centers will post 3.9 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 6th. Investors of record on Wednesday, June 15th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.72%. The ex-dividend date is Tuesday, June 14th. Regency Centers’s dividend payout ratio (DPR) is 89.93%.

About Regency Centers (Get Rating)

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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