Regency Centers (NASDAQ:REG – Get Free Report) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.
A number of other research firms have also recently weighed in on REG. Truist Financial increased their price objective on shares of Regency Centers from $78.00 to $79.00 and gave the stock a “buy” rating in a research report on Monday, May 19th. Barclays assumed coverage on shares of Regency Centers in a research report on Wednesday. They set an “equal weight” rating and a $77.00 price objective for the company. Scotiabank decreased their price objective on shares of Regency Centers from $76.00 to $75.00 and set a “sector perform” rating for the company in a research report on Monday, May 12th. Finally, Wells Fargo & Company reduced their price target on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.00.
Get Our Latest Stock Report on Regency Centers
Regency Centers Trading Down 0.0%
Regency Centers (NASDAQ:REG – Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.01. The company had revenue of $370.35 million during the quarter, compared to the consensus estimate of $364.64 million. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. During the same quarter in the prior year, the firm earned $1.08 EPS. As a group, equities analysts predict that Regency Centers will post 4.54 earnings per share for the current fiscal year.
Insider Activity
In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total transaction of $301,205.52. Following the transaction, the insider directly owned 33,069 shares in the company, valued at $2,395,518.36. The trade was a 11.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. US Bancorp DE boosted its holdings in Regency Centers by 4.3% during the fourth quarter. US Bancorp DE now owns 8,383 shares of the company’s stock worth $620,000 after buying an additional 347 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Regency Centers by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,328,510 shares of the company’s stock valued at $172,147,000 after purchasing an additional 15,975 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Regency Centers by 2.4% in the fourth quarter. Assetmark Inc. now owns 18,759 shares of the company’s stock valued at $1,387,000 after purchasing an additional 431 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Regency Centers by 3.6% during the fourth quarter. M&T Bank Corp now owns 28,803 shares of the company’s stock valued at $2,130,000 after buying an additional 1,007 shares during the period. Finally, Proficio Capital Partners LLC lifted its stake in shares of Regency Centers by 9.7% during the fourth quarter. Proficio Capital Partners LLC now owns 3,677 shares of the company’s stock valued at $272,000 after buying an additional 326 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.
Regency Centers Company Profile
Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. 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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