Regency Centers Corp (REG) was Resumed by Jefferies to “Hold”. Jefferies advised their investors in a research report released on Jun 30, 2016.
On the company’s financial health, Regency Centers Corp reported $0.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.79.Analysts expectations of $ 141.30.During the same quarter in the previous year, the company posted $0.74 EPS.
Regency Centers Corp opened for trading at $81.98 and hit $83.01 on the upside on Wednesday, eventually ending the session at $82.9, with a gain of 1.83% or 1.49 points. The heightened volatility saw the trading volume jump to 6,05,588 shares. Company has a market cap of $8,092 M.
In a different news, on Jun 14, 2016, Iii Dan M. Chandler, (Executive VP of Development) sold 2,000 shares at $79.55 per share price. According to the SEC, 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 Companys operating investing and financing activities are performed through the Operating Partnership its wholly owned subsidiaries and through its co-investment partnerships. The Companys 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.