Opinion

Regency Centers Corporation (NYSE:REG) Analysts Recommendations and Insider Trading

Regency Centers Corporation (NYSE:REG) stock is presently standing at about $63.72 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 12 analysts covering the company is $76.00, which suggests the stock could still rise over 16 percent. The highest analyst price target is $82.00, which implies a rally of 71 percent. And a quick view of analyst notes show that 4 are rating the stock a buy while 4 rate REG a strong buy. There are 7 equity research firms advocating a Hold and 0 consider it Sell.

SunTrust analysts provided their view on Regency Centers Corporation (NYSE:REG) recently. The rating firm issued a Buy rating to this company in a research note released on Jan 20, 2017. Argus analysts disclosed their opinion on Regency Centers Corporation (NYSE:REG) recently. The rating firm gave a Buy rating to this stock in a research note published on Dec 12, 2016. According to a research note disclosed on Mar 17, 2016, analysts at Argus have lowered their rating on these shares from Buy to Hold.

Regency Centers Corporation (NYSE:REG) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its President and CFO PALMER LISA sold 10,000 company shares for 665200, in a transaction on 2017-03-07. Following the transaction, the President and CFO is left with a stake of 35,278 shares, currently valued at $2247914. Meanwhile, Vice Chairman, 10% Owner KATZMAN CHAIM sold 2,800,000 shares worth $191660000, through a transaction dated 2017-03-02. Following the completion of the transaction, the insider is left with a stake of 19,695,453 shares, amounting $1254994265.16. REG Vice Chairman, 10% Owner KATZMAN CHAIM also sold 2,800,000 shares, at a stock price of $68.45. This transaction occurred on 2017-03-02 totals $191660000. After this transaction, the insider’s stake stands at 19,695,453 shares, with a market value of $1254994265.

Executives hold 1.51 percent of the stock. Mr. Martin E. Stein, Jr is one of the biggest insider owners in Regency Centers Corporation (NYSE:REG), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 717,231 shares which have current market value of around $45701959.32.Bruce M. Johnson is another major inside shareholder in the company. The insider owns 206,249 shares as of 0.12%, currently worth $13142186.28. Chaim Katzman is ranked as third insider holder of the stock. This insider holds 160,831 shares with a market value around $10248151.32 as of recent close.

Regency Centers Corporation (NYSE:REG) Earnings Outlook

In Regency Centers Corporation (NYSE:REG)’s latest quarter, EPS moved to $0.86 from $0.81 in preceding quarter and revenues reached at $152.99M compared to $146.91M. Analysts had expected Regency Centers Corporation (NYSE:REG) to post net income of about $0.84 per share on $148.80M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.70 to $0.90. That is compared with the $0.80 in EPS it reported during the same period a year ago.

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