Notable Runner: Time to Buy Regency Centers Corp After Today’s Significant Decline?

Notable Runner: Time to Buy Regency Centers Corp After Today's Significant Decline?

The stock of Regency Centers Corp (NYSE:REG) is a huge mover today! The stock decreased 4.22% or $2.95 during the last trading session, hitting $66.91. About 3.61M shares traded hands or 534.06% up from the average. Regency Centers Corp (NYSE:REG) has declined 6.54% since April 13, 2016 and is downtrending. It has underperformed by 10.47% the S&P500.
The move comes after 8 months negative chart setup for the $7.12B company. It was reported on Nov, 15 by Barchart.com. We have $61.56 PT which if reached, will make NYSE:REG worth $569.60M less.

Regency Centers Corp (NYSE:REG) Ratings Coverage

Out of 15 analysts covering Regency Centers Corporation (NYSE:REG), 5 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 33% are positive. Regency Centers Corporation has been the topic of 30 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was downgraded by Zacks to “Hold” on Thursday, September 3. Deutsche Bank maintained it with “Hold” rating and $77 target price in Wednesday, August 17 report. The firm has “Neutral” rating given on Tuesday, June 28 by Boenning & Scattergood. Zacks upgraded Regency Centers Corp (NYSE:REG) on Friday, August 14 to “Hold” rating. The firm has “Outperform” rating by Robert W. Baird given on Thursday, January 7. The rating was initiated by BTIG Research with “Neutral” on Thursday, August 25. The stock of Regency Centers Corp (NYSE:REG) has “Hold” rating given on Tuesday, August 23 by Jefferies. The rating was maintained by Roth Capital with “Buy” on Friday, April 1. The firm has “Neutral” rating by Credit Suisse given on Thursday, August 20. The company was upgraded on Thursday, November 3 by Evercore.

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.”

Insitutional Activity: The institutional sentiment decreased to 1.33 in Q2 2016. Its down 0.36, from 1.69 in 2016Q1. The ratio dived, as 20 funds sold all Regency Centers Corp shares owned while 81 reduced positions. 21 funds bought stakes while 113 increased positions. They now own 97.95 million shares or 3.94% less from 101.97 million shares in 2016Q1.
The Florida-based Voloridge Investment Mgmt Limited Liability Co has invested 0.04% in Regency Centers Corp (NYSE:REG). Cibc Asset Management Inc has 9,353 shares for 0.01% of their US portfolio. State Of New Jersey Common Pension Fund D last reported 0.02% of its portfolio in the stock. Schwab Charles Invest Management, a California-based fund reported 647,555 shares. Robeco Institutional Asset Management Bv owns 64,015 shares or 0.04% of their US portfolio. Signaturefd Ltd Liability Com accumulated 531 shares or 0.01% of the stock. Bokf Na accumulated 13,148 shares or 0.04% of the stock. 1St holds 0.04% or 3,693 shares in its portfolio. Schroder Investment Mngmt Group has invested 0% of its portfolio in Regency Centers Corp (NYSE:REG). Apg Asset Mngmt Us accumulated 5.24M shares or 3.43% of the stock. Jane Street Gru Ltd Limited Liability Company has 36,521 shares for 0.02% of their US portfolio. Richard Bernstein Advsrs Ltd Limited Liability Company last reported 37,749 shares in the company. Us Comml Bank De reported 7,744 shares or 0% of all its holdings. Blackrock last reported 0.03% of its portfolio in the stock. Moreover, Blackrock Fund Advsr has 0.1% invested in Regency Centers Corp (NYSE:REG) for 5.36M shares.

Insider Transactions: Since June 3, 2016, the stock had 1 buy, and 3 sales for $651,283 net activity. BLAIR BRYCE bought $99,817 worth of Regency Centers Corp (NYSE:REG) on Tuesday, August 23. THOMPSON JAMES D. sold 4,000 shares worth $319,000. Shares for $159,100 were sold by CHANDLER – III DAN M..

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”, Businesswire.com published: “Regency Centers Announces the Acquisition of Market Common Clarendon” on May 16, 2016. More interesting news about Regency Centers Corp (NYSE:REG) was released by: Fool.com and their article: “Better Buy: Realty Income vs. Regency Centers” with publication date: March 28, 2016.

REG Company Profile

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.

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