Regency Centers Corp (NYSE:REG) has received a consensus recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $68.79.

Several analysts have recently issued reports on the stock. BMO Capital Markets set a $64.00 target price on shares of Regency Centers and gave the company a “hold” rating in a research report on Friday, August 2nd. Citigroup set a $76.00 price target on shares of Regency Centers and gave the company a “buy” rating in a report on Monday, May 20th.

Shares of NYSE REG traded up $0.36 during mid-day trading on Tuesday, hitting $65.20. 770,498 shares of the company’s stock traded hands, compared to its average volume of 855,595. The business has a 50-day moving average of $66.65. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $10.88 billion, a P/E ratio of 17.67, a P/E/G ratio of 2.50 and a beta of 0.37. Regency Centers has a 1 year low of $55.50 and a 1 year high of $70.26.

Regency Centers (NYSE:REG) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.01). The business had revenue of $268.43 million for the quarter, compared to analysts’ expectations of $271.87 million. Regency Centers had a net margin of 23.19% and a return on equity of 3.86%. During the same quarter in the prior year, the company posted $0.28 earnings per share. On average, equities analysts expect that Regency Centers will post 3.78 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Monday, August 12th will be issued a dividend of $0.585 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $2.34 annualized dividend and a yield of 3.59%. Regency Centers’s payout ratio is 63.41%.

In related news, insider H Craig Ramey sold 1,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were 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 approximately $1,135,694.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Zions Bancorporation N.A. bought a new position in Regency Centers in the 1st quarter worth about $27,000. Quadrant Capital Group LLC grew its stake in Regency Centers by 398.4% in the 1st quarter. Quadrant Capital Group LLC now owns 623 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 498 shares in the last quarter. NEXT Financial Group Inc grew its stake in Regency Centers by 62.5% in the 2nd quarter. NEXT Financial Group Inc now owns 1,100 shares of the real estate investment trust’s stock worth $73,000 after acquiring an additional 423 shares in the last quarter. Whittier Trust Co. grew its stake in Regency Centers by 14,275.0% in the 2nd quarter. Whittier Trust Co. now owns 1,150 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 1,142 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Regency Centers by 14.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,519 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 194 shares in the last quarter. Institutional investors own 93.87% of the company’s stock.

About Regency Centers

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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Analyst Recommendations for Regency Centers (NYSE:REG)

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