Jefferies & Co Issues a Downgrade for Regency Centers Corporation (NYSE:REG) from a “Buy” to “Hold” Rating

September 17, 2017 - By Ellis Scott

 Jefferies & Co Issues a Downgrade for Regency Centers Corporation (NYSE:REG) from a

Investors sentiment decreased to 1.29 in 2016 Q4. Its down 0.52, from 1.81 in 2016Q3. It dived, as 36 investors sold Regency Centers Corp shares while 75 reduced holdings. 31 funds opened positions while 112 raised stakes. 107.15 million shares or 5.62% more from 101.44 million shares in 2016Q3 were reported.

91,800 were reported by Andra Ap. Voloridge Mngmt has 22,014 shares for 0.03% of their portfolio. Macquarie Group Inc Limited has 276,185 shares for 0.04% of their portfolio. Balyasny Asset Mngmt Ltd Com reported 329,354 shares. Tiaa Cref Limited Liability reported 563,057 shares or 0.03% of all its holdings. Independent Order Of Foresters holds 7,371 shares or 0.43% of its portfolio. Standard Life Ltd invested in 0.28% or 1.15M shares. Waterfront Cap Partners Ltd Liability Co has invested 1.66% in Regency Centers Corp (NYSE:REG). Renaissance Techs Limited Liability owns 0.11% invested in Regency Centers Corp (NYSE:REG) for 1.02 million shares. Swiss Fincl Bank invested in 0.04% or 371,559 shares. Glenmede Na accumulated 600 shares. 156 were reported by Fifth Third Comml Bank. Franklin Resource invested 0.01% in Regency Centers Corp (NYSE:REG). Voya Invest Management Lc reported 0.01% of its portfolio in Regency Centers Corp (NYSE:REG). Duff Phelps Investment Management Comm holds 1.03M shares or 1.02% of its portfolio.

Since March 30, 2017, it had 0 insider purchases, and 3 sales for $359,504 activity. Another trade for 750 shares valued at $49,830 was sold by RAMEY H CRAIG. $244,520 worth of stock was sold by SCHWEITZER JOHN C on Monday, May 15.

Regency Centers Corporation (NYSE:REG) Receives a Downgrade

In analysts note shared with investors and clients on Friday, 15 September, Jefferies & Co cut shares of Regency Centers Corporation (NYSE:REG) to a lower “Hold” rating from the previous “Buy” rating.

Investors sentiment decreased to 1.29 in 2016 Q4. Its down 0.52, from 1.81 in 2016Q3. It dived, as 36 investors sold Regency Centers Corp shares while 75 reduced holdings. 31 funds opened positions while 112 raised stakes. 107.15 million shares or 5.62% more from 101.44 million shares in 2016Q3 were reported.

91,800 were reported by Andra Ap. Voloridge Mngmt has 22,014 shares for 0.03% of their portfolio. Macquarie Group Inc Limited has 276,185 shares for 0.04% of their portfolio. Balyasny Asset Mngmt Ltd Com reported 329,354 shares. Tiaa Cref Limited Liability reported 563,057 shares or 0.03% of all its holdings. Independent Order Of Foresters holds 7,371 shares or 0.43% of its portfolio. Standard Life Ltd invested in 0.28% or 1.15M shares. Waterfront Cap Partners Ltd Liability Co has invested 1.66% in Regency Centers Corp (NYSE:REG). Renaissance Techs Limited Liability owns 0.11% invested in Regency Centers Corp (NYSE:REG) for 1.02 million shares. Swiss Fincl Bank invested in 0.04% or 371,559 shares. Glenmede Na accumulated 600 shares. 156 were reported by Fifth Third Comml Bank. Franklin Resource invested 0.01% in Regency Centers Corp (NYSE:REG). Voya Invest Management Lc reported 0.01% of its portfolio in Regency Centers Corp (NYSE:REG). Duff Phelps Investment Management Comm holds 1.03M shares or 1.02% of its portfolio.

Since March 30, 2017, it had 0 insider purchases, and 3 sales for $359,504 activity. Another trade for 750 shares valued at $49,830 was sold by RAMEY H CRAIG. $244,520 worth of stock was sold by SCHWEITZER JOHN C on Monday, May 15.

Regency Centers Corp (NYSE:REG) Ratings Coverage

Among 19 analysts covering Regency Centers Corporation (NYSE:REG), 8 have Buy rating, 1 Sell and 10 Hold. Therefore 42% are positive. Regency Centers Corporation has $520 highest and $60 lowest target. $100.63’s average target is 54.82% above currents $65 stock price. Regency Centers Corporation had 51 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Evercore on Thursday, November 3. On Tuesday, July 18 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The stock of Regency Centers Corp (NYSE:REG) has “Top Pick” rating given on Thursday, August 17 by RBC Capital Markets. Boenning & Scattergood downgraded the stock to “Sell” rating in Tuesday, September 12 report. The stock of Regency Centers Corp (NYSE:REG) has “Buy” rating given on Monday, December 12 by Argus Research. The rating was downgraded by RBC Capital Markets to “Outperform” on Monday, January 4. On Monday, July 17 the stock rating was maintained by Jefferies with “Buy”. Argus Research maintained the shares of REG in report on Thursday, August 31 with “Buy” rating. RBC Capital Markets maintained Regency Centers Corp (NYSE:REG) on Thursday, November 5 with “Outperform” rating. The rating was maintained by Deutsche Bank on Wednesday, August 17 with “Hold”.

The stock decreased 0.72% or $0.47 on September 15, reaching $65. About 1.72M shares traded or 77.42% up from the average. Regency Centers Corp (NYSE:REG) has declined 19.56% since September 17, 2016 and is downtrending. It has underperformed by 36.26% the S&P500.

Investors wait Regency Centers Corp (NYSE:REG) to report on November, 7. its quarterly earnings Wall Street analysts expect $0.91 earnings per share, up $0.10 or 12.35 % from last year’s $0.81 same quarter earnings. This translates into $154.84M profit for REG giving the stock a 17.86 P/E. This is assuming the current $0.91 EPS is accurate. Regency Centers Corp’s Wall Street analysts see -2.15 % negative EPS growth, taking into account the $0.93 EPS reproted in the previous quarter,

Regency Centers Corporation is a real estate investment trust . The company has market cap of $11.06 billion. The Firm is the general partner of Regency Centers, L.P. (the Operating Partnership). It has a 107.31 P/E ratio. The Firm is engaged in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership.

More notable recent Regency Centers Corp (NYSE:REG) news were published by: Finance.Yahoo.com which released: “Regency Centers (REG) Down 2.2% Since Earnings Report: Can It Rebound?” on September 04, 2017, also Barrons.com with their article: “Brixmor May Have Regency Centers Beat” published on September 13, 2017, Seekingalpha.com published: “Shopping Centers: The ‘Innovative’ Last Mile Of E-Commerce?” on August 21, 2017. More interesting news about Regency Centers Corp (NYSE:REG) were released by: Businesswire.com and their article: “Regency Centers Reports Minimal Damage From Hurricane Harvey” published on August 31, 2017 as well as Businesswire.com‘s news article titled: “Regency Centers to Present at the Bank of America Merrill Lynch 2017 Global …” with publication date: September 06, 2017.

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