Pro-Regency Centers Corp Institutional Investors Sentiment Runs High in 2018 Q2

October 2, 2018 - By Ruchi Gupta

Regency Centers Corporation (NYSE:REG) Logo

Sentiment for Regency Centers Corp (NYSE:REG)

Regency Centers Corp (NYSE:REG) institutional sentiment increased to 1.4 in 2018 Q2. Its up 0.35, from 1.05 in 2018Q1. The ratio has increased, as 175 hedge funds increased or started new stock positions, while 125 sold and decreased equity positions in Regency Centers Corp. The hedge funds in our partner’s database now own: 151.43 million shares, up from 148.58 million shares in 2018Q1. Also, the number of hedge funds holding Regency Centers Corp in their top 10 stock positions was flat from 4 to 4 for the same number . Sold All: 20 Reduced: 105 Increased: 122 New Position: 53.

Regency Centers Corporation operates as a real estate investment trust. The company has market cap of $10.95 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 44.82 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.

The stock decreased 0.28% or $0.18 during the last trading session, reaching $64.49. About 885,840 shares traded. Regency Centers Corporation (NYSE:REG) has risen 2.11% since October 2, 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 $161.29 million for 16.97 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.

Adelante Capital Management Llc holds 3.91% of its portfolio in Regency Centers Corporation for 1.09 million shares. Lasalle Investment Management Securities Llc owns 2.98 million shares or 3.8% of their US portfolio. Moreover, Cbre Clarion Securities Llc has 3.73% invested in the company for 4.60 million shares. The California-based Green Street Investors Llc has invested 3.15% in the stock. Resolution Capital Ltd, a Australia-based fund reported 1.44 million shares.

Since January 1, 0001, it had 0 buys, and 5 selling transactions for $526,793 activity.

Regency Centers Corporation (NYSE:REG) Ratings Coverage

Ratings analysis reveals 60% of Regency Centers’s analysts are positive. Out of 5 Wall Street analysts rating Regency Centers, 3 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $6200 while the high is $74. The stock’s average target of $70 is 8.54% above today’s ($64.49) share price. REG was included in 6 notes of analysts from April 13, 2018. Jefferies maintained the stock with “Hold” rating in Friday, April 13 report. The company was maintained on Friday, August 17 by Citigroup. The firm has “Outperform” rating given on Friday, August 10 by Wells Fargo. The firm has “Buy” rating by Deutsche Bank given on Tuesday, August 28. Boenning & Scattergood maintained Regency Centers Corporation (NYSE:REG) on Wednesday, May 2 with “Hold” rating. Citigroup upgraded Regency Centers Corporation (NYSE:REG) rating on Friday, September 14. Citigroup has “Buy” rating and $74 target.

More news for Regency Centers Corporation (NYSE:REG) were recently published by: Nasdaq.com, which released: “Report: Exploring Fundamental Drivers Behind Apartment Investment and Management, Regency Centers, MGM …” on September 28, 2018. Seekingalpha.com‘s article titled: “Brixmor Ain’t Holding Nothing Back” and published on September 17, 2018 is yet another important article.

Regency Centers Corporation (NYSE:REG) Institutional Positions Chart

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