Regency Centers Corporation (REG) Forms Bearish Multiple Bottom at $62.40

June 27, 2018 - By Maria Fierro

Regency Centers Corporation (NYSE:REG) Corporate Logo

During 2018 Q1 the big money sentiment decreased to 1.05. That’s change of 0.05, from 2017Q4’s 1.1. 34 investors sold all, 105 reduced holdings as Regency Centers Corporation ratio dropped. 111 rose positions while 35 funds bought positions. Funds hold 148.58 million shares thus 2.27% less from 2017Q4’s 152.03 million shares.
Walleye Trading Ltd invested in 0% or 14,093 shs. State Of Alaska Department Of Revenue invested in 0.16% or 126,322 shs. Capital Fund Mngmt Sa accumulated 77,808 shs or 0.03% of the stock. Spirit Of America reported 0.15% in Regency Centers Corporation (NYSE:REG). 31,605 are held by First Tru Limited Partnership. Ent Service owns 20 shs for 0% of their capital. 150,000 were accumulated by Pacific Heights Asset Limited Liability Co. Pub Employees Retirement Association Of Colorado holds 0.01% or 29,352 shs in its capital. Rhumbline Advisers holds 290,677 shs or 0.04% of its capital. Us Bankshares De owns 15,570 shs for 0% of their capital. Whittier Trust Of Nevada invested in 810 shs or 0% of the stock. Vanguard Grp holds 25.61M shs. Texas Permanent School Fund holds 0.03% or 38,393 shs. Jefferies Grp Ltd Llc holds 0% of its capital in Regency Centers Corporation (NYSE:REG) for 9,623 shs. Neuberger Berman Ltd Liability Com holds 0.02% or 257,241 shs in its capital.

Regency Centers Corporation had 12 insider sales and 2 insider purchases since January 10, 2018. This’s net activity of $149.38 million. $1.13M worth of Regency Centers Corporation (NYSE:REG) was sold by KATZMAN CHAIM on Thursday, January 18. On Thursday, February 22 SCHWEITZER JOHN C sold $416,457 worth of Regency Centers Corporation (NYSE:REG) or 7,136 shs. On Tuesday, May 8 the insider RAMEY H CRAIG sold $70,560. 180 shs valued at $10,141 were sold by Johnston Barbara C on Thursday, May 17.

Regency Centers Corporation (REG) chart points out a multiple bottoms technical pattern with $59.90 price target. That’s 4.00 % below today’s $62.40 share price. This technical pattern was posted on Jun, 27 by Finviz.com. At our $59.90 price target, the company worth will be $423.68 million less.

REG touched $62.4 during the last trading session after $0.19 change.Currently Regency Centers Corporation is downtrending after 7.49% change in last June 27, 2017. REG has also 993,975 shares volume. REG underperformed by 20.06% the S&P 500.

Regency Centers Corporation (NYSE:REG)’s earnings report is awaited on August, 2., Zacks reports. Analysts predict $0.93 EPS. That’s $0.00 or 0.00 % from 2017’s earnings of $0.93. If REG’s EPS is $0.93 the profit will be $157.86M for 16.77 P/E. -3.12 % negative EPS growth is what Wall Street’s sees after $0.96 reported EPS last quarter.

Regency Centers Corporation (NYSE:REG) Ratings Coverage

Total analysts of 9 have positions in Regency Centers (NYSE:REG) as follows: 6 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 67%. Since January 12, 2018 according to StockzIntelligence Inc Regency Centers has 12 analyst reports. In Monday, March 19 report Deutsche Bank maintained the stock with “Hold” rating. On Thursday, March 8 the stock of Regency Centers Corporation (NYSE:REG) earned “Buy” rating by RBC Capital Markets. On Tuesday, February 27 the company was maintained by Jefferies. On Monday, January 29 the rating was upgraded by BTIG Research to “Buy”. On Friday, April 13 the firm has “Hold” rating given by Jefferies. On Friday, March 2 SunTrust maintained Regency Centers Corporation (NYSE:REG) rating. SunTrust has “Buy” rating and $67.0 target. The stock rating was maintained by Boenning & Scattergood with “Hold” on Monday, February 12. On Tuesday, March 20 the rating was maintained by Robert W. Baird with “Buy”. On Friday, March 2 the firm has “Outperform” rating by Wells Fargo given. On Friday, January 12 the stock has “Hold” rating by Jefferies.

There’s an important Regency Centers Corporation (NYSE:REG) news posted by Seekingalpha.com. It’s a report titled: “High Quality Shopping Center REIT On Sale” on June 11, 2018.

Regency Centers Corporation (NYSE:REG) Institutional Investors Chart

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