Jefferies Initiates Coverage on Regency Centers Corp to Hold

Jefferies Initiates Coverage on Regency Centers Corp(NYSE:REG). The shares have been rated Hold. The rating by Jefferies was issued on Jun 30, 2016.

In a different note, Boenning & Scattergood said it Initiates Coverage on Regency Centers Corp, according to a research note issued on Jun 28, 2016. The shares have been rated ‘Neutral’ by the firm.

Regency Centers Corp (REG) made into the market gainers list on Tuesdays trading session with the shares advancing 1.61% or 1.35 points. Due to strong positive momentum, the stock ended at $85.09, which is also near the day’s high of $85.13. The stock began the session at $83.74 and the volume stood at 3,35,729 shares. The 52-week high of the shares is $85.13 and the 52 week low is $55.79. The company has a current market capitalization of $8,306 M and it has 9,76,11,143 shares in outstanding.

Regency Centers Corp(REG) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $142.86M. Analysts had an estimated revenue of $148.37M. Earnings per share were $0.80. Analysts had estimated an EPS of $0.79.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Iii Dan M. Chandler, (Executive VP of Development) sold 2,000 shares at $79.55 per share price.Also, On Jun 9, 2016, James D. Thompson (Exec. VP of Operations) sold 4,000 shares at $79.75 per share price.On May 12, 2016, John S. Delatour (Managing Director) sold 5,000 shares at $78.05 per share price, according to the Form-4 filing with the securities and exchange commission.

Regency Centers Corporation 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 wholly owned subsidiaries and through its co-investment partnerships. The Company’s properties consist primarily of grocery-anchored shopping centers. As of December 31 2014 the Company directly owned 202 Consolidated Properties located in 21 states representing 23.2 million square feet of gross leasable area (GLA). Through co-investment partnerships it owns partial ownership interests in 120 Unconsolidated Properties located in 23 states and the District of Columbia representing 15.0 million square feet of GLA. The shopping centers’ tenant base includes national and regional supermarkets drug stores discount department stores and other retailers.

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