December 1, 2016 - By Adrian Mccoy · 0 Comments
Regency Centers Corp (NYSE:REG) institutional sentiment increased to 1.81 in 2016 Q2. Its up 0.48, from 1.33 in 2016Q1. The ratio has increased, as 134 investment managers increased or started new positions, while 101 sold and reduced positions in Regency Centers Corp. The investment managers in our partner’s database now possess: 97.95 million shares, down from 101.97 million shares in 2016Q1. Also, the number of investment managers holding Regency Centers Corp in their top 10 positions decreased from 1 to 0 for a decrease of 1. Sold All: 20 Reduced: 81 Increased: 113 New Position: 21.
Regency Centers Corporation is a real estate investment trust and the general partner of the Regency Centers, L.P. (Operating Partnership). The company has a market cap of $7.01 billion. The Company’s operating, investing and financing activities are performed through the Operating Partnership, its subsidiaries and through its co-investment partnerships. It has a 62.21 P/E ratio. The Firm owns direct or partial interests in approximately 320 shopping centers, which are grocery-anchored community and neighborhood centers.
The stock decreased 0.09% or $0.06 during the last trading session, hitting $66.84. Regency Centers Corp (NYSE:REG) has declined 10.06% since April 28, 2016 and is downtrending. It has underperformed by 15.99% the S&P500.
Analysts await Regency Centers Corp (NYSE:REG) to report earnings on February, 8. They expect $0.83 EPS, up 5.06% or $0.04 from last year’s $0.79 per share. REG’s profit will be $87.05 million for 20.13 P/E if the $0.83 EPS becomes a reality. After $0.81 actual EPS reported by Regency Centers Corp for the previous quarter, Wall Street now forecasts 2.47% EPS growth.
According to Zacks Investment Research, “REGENCY REALTY CORP. is a real estate investment trust which is engaged in the management, leasing, acquisition, development and brokerage of real estate properties consisting primarily of shopping centers and suburban office buildings.”
Apg Asset Management Us Inc. holds 3.43% of its portfolio in Regency Centers Corp for 5.24 million shares. Cornerstone Real Estate Advisers Llc owns 90,689 shares or 2.51% of their US portfolio. Moreover, Cbre Clarion Securities Llc has 2.04% invested in the company for 3.10 million shares. The California-based Adelante Capital Management Llc has invested 2% in the stock. Daiwa Securities Group Inc., a Japan-based fund reported 2.95 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 2 sales for $378,283 net activity.
Ratings analysis reveals 33% of Regency Centers Corporation’s analysts are positive. Out of 15 Wall Street analysts rating Regency Centers Corporation, 5 give it “Buy”, 0 “Sell” rating, while 10 recommend “Hold”. The lowest target is $60 while the high is $520. The stock’s average target of $113.17 is 69.31% above today’s ($66.84) share price. REG was included in 30 notes of analysts from July 21, 2015. As per Friday, April 1, the company rating was maintained by Roth Capital. The firm has “Outperform” rating by Robert W. Baird given on Thursday, January 7. The company was maintained on Sunday, August 16 by Barclays Capital. The company was downgraded on Thursday, March 17 by Argus Research. The company was maintained on Wednesday, August 17 by Deutsche Bank. The rating was initiated by Boenning & Scattergood with “Neutral” on Tuesday, June 28. The stock of Regency Centers Corp (NYSE:REG) earned “Neutral” rating by BTIG Research on Thursday, August 25. On Tuesday, July 19 the stock rating was maintained by Barclays Capital with “Equalweight”. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, August 14. The rating was downgraded by Zacks on Thursday, September 3 to “Hold”.
Regency Centers Corporation, incorporated on July 8, 1993, is a real estate investment trust (REIT) and the general partner of the Regency Centers, L.P. (Operating Partnership). The Company’s operating, investing and financing activities are performed through the Operating Partnership, its subsidiaries and through its co-investment partnerships. The Firm owns direct or partial interests in approximately 320 shopping centers, which are grocery-anchored community and neighborhood centers. The Company’s centers are located in over 30 states and the District of Columbia, and contain approximately 38.0 million square feet of gross leasable area (GLA). The Company’s properties are leased to tenants under operating leases. The Company’s leases for tenant space under approximately 5,000 square feet have terms ranging from three to five years. The Company’s leases over 10,000 square feet have lease terms in excess of five years, which consists of anchor tenants. Many of the anchor leases contain provisions allowing the tenant the option of extending the term of the lease at expiration. The shopping centers’ tenant base primarily includes national and regional supermarkets, drug stores, discount department stores and other retailers.
More important recent Regency Centers Corp (NYSE:REG) news were published by: Wsj.com which released: “Regency Centers to Buy Equity One for About $5 Billion” on November 14, 2016, also Forbes.com published article titled: “Regency Centers Enters Oversold Territory”, Forbes.com published: “Regency Centers Enters Oversold Territory (REG)” on November 17, 2016. More interesting news about Regency Centers Corp (NYSE:REG) was released by: Businesswire.com and their article: “Regency Centers Announces the Acquisition of Market Common Clarendon” with publication date: May 16, 2016.
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By Adrian Mccoy