Citigroup Raises their Rating for Shares of Regency Centers (NYSE:REG). Are Other Analysts Next?

September 15, 2018 - By Kristen Paramore

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Investors sentiment increased to 1.4 in Q2 2018. Its up 0.35, from 1.05 in 2018Q1. It increased, as 20 investors sold Regency Centers Corporation shares while 105 reduced holdings. 53 funds opened positions while 122 raised stakes. 151.43 million shares or 1.92% more from 148.58 million shares in 2018Q1 were reported.

Telos Mgmt Inc holds 0.14% or 6,449 shares. Sun Life Fincl has invested 0% in Regency Centers Corporation (NYSE:REG). Tci Wealth Advisors Incorporated accumulated 4 shares or 0% of the stock. Mitsubishi Ufj Tru & Bk Corporation holds 314,367 shares. Apg Asset Mgmt Us reported 2.53% stake. Cadence Cap Mngmt Ltd Limited Liability Company invested 0.03% of its portfolio in Regency Centers Corporation (NYSE:REG). Canada Pension Plan Board has 491,548 shares. Moreover, Teacher Retirement System Of Texas has 0.01% invested in Regency Centers Corporation (NYSE:REG) for 31,173 shares. Cohen Steers reported 0.72% of its portfolio in Regency Centers Corporation (NYSE:REG). Winslow Evans & Crocker invested 0% in Regency Centers Corporation (NYSE:REG). Invesco Ltd invested in 3.00M shares or 0.06% of the stock. Pinebridge Invs Lp holds 2,050 shares or 0% of its portfolio. Cibc Asset Mgmt owns 17,411 shares for 0.01% of their portfolio. Guggenheim Limited Liability Company stated it has 166,763 shares or 0.07% of all its holdings. Panagora Asset owns 0% invested in Regency Centers Corporation (NYSE:REG) for 12,482 shares.

Since March 19, 2018, it had 0 insider purchases, and 5 sales for $526,793 activity. Shares for $10,141 were sold by Johnston Barbara C. 1,739 shares valued at $99,993 were bought by BLAIR BRYCE on Monday, March 19. $158,375 worth of Regency Centers Corporation (NYSE:REG) was sold by CHANDLER – III DAN M.. WIBBENMEYER NICHOLAS ANDREW also sold $137,872 worth of Regency Centers Corporation (NYSE:REG) shares. $149,845 worth of stock was sold by ROTH ALAN TODD on Friday, August 17.

Regency Centers (NYSE:REG) Stock Upgrade

Citigroup gave has just issued a new rating of Buy on shares of Regency Centers (NYSE:REG) in an analyst report sent to investors earlier today, which is a boost from the old Neutral rating for shares. The firm currently has a solid $74 target price per share on Regency Centers (NYSE:REG), which suggests upside potential of around 14.46 %.

Regency Centers Corporation (NYSE:REG) Ratings Coverage

Among 7 analysts covering Regency Centers (NYSE:REG), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Regency Centers has $72 highest and $6200 lowest target. $67.67’s average target is 4.67% above currents $64.65 stock price. Regency Centers had 8 analyst reports since March 19, 2018 according to SRatingsIntel. Robert W. Baird maintained the shares of REG in report on Tuesday, March 20 with “Buy” rating. The stock has “Neutral” rating by Citigroup on Friday, August 17. The stock of Regency Centers Corporation (NYSE:REG) earned “Hold” rating by Boenning & Scattergood on Wednesday, May 2. The firm earned “Hold” rating on Monday, March 19 by Deutsche Bank. The firm has “Hold” rating by Jefferies given on Friday, April 13. Wells Fargo maintained Regency Centers Corporation (NYSE:REG) rating on Friday, August 10. Wells Fargo has “Outperform” rating and $72 target. The firm has “Buy” rating by Deutsche Bank given on Tuesday, August 28.

The stock decreased 1.70% or $1.12 during the last trading session, reaching $64.65. About 1.23 million shares traded. Regency Centers Corporation (NYSE:REG) has risen 2.11% since September 15, 2017 and is uptrending. It has underperformed by 13.51% the S&P500.

Analysts await Regency Centers Corporation (NYSE:REG) to report earnings on November, 7. They expect $0.95 EPS, 0.00 % or $0.00 from last year’s $0.95 per share. REG’s profit will be $161.30 million for 17.01 P/E if the $0.95 EPS becomes a reality. After $0.93 actual EPS reported by Regency Centers Corporation for the previous quarter, Wall Street now forecasts 2.15 % EPS growth.

Regency Centers Corporation operates as a real estate investment trust. The company has market cap of $10.98 billion. The company, through its subsidiaries, owns, operates, and develops community and neighborhood shopping centers that are tenanted by grocers, category-leading anchors, specialty retailers, and restaurants. It has a 44.93 P/E ratio. As of December 31, 2006, it owned 218 retail shopping centers located in 22 states and held partial interests in 187 retail shopping centers through joint ventures located in 24 states and the District of Columbia.

Another recent and important Regency Centers Corporation (NYSE:REG) news was published by Benzinga.com which published an article titled: “Benzinga’s Top Upgrades, Downgrades For September 14, 2018” on September 14, 2018.

Regency Centers Corporation (NYSE:REG) Institutional Positions Chart

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