Regency Centers (REG) is Downgraded by RBC Capital Mkts to Outperform, Price Target at $78

Regency Centers (REG) is Downgraded by RBC Capital Mkts to Outperform according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $78. Earlier the firm had a rating of Top Pick on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

Regency Centers Corporation is up 10% in the last 3-month period. Year-to-Date the stock performance stands at 10.02%.

Regency Centers Corporation (NYSE:REG) has dropped 0.1% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 3.72% in the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 0.73% and the outperformance increases to 6.14% for the last 4 weeks.

Shares of Regency Centers Corporation (NYSE:REG) ended Thursday session in red amid volatile trading. The shares closed down 0.77 points or 1.12% at $68.12 with 540,801 shares getting traded. Post opening the session at $68.77, the shares hit an intraday low of $68.1 and an intraday high of $69.01 and the price vacillated in this range throughout the day. The company has a market cap of $6,414 million and the number of outstanding shares have been calculated to be 94,162,229 shares. The 52-week high of Regency Centers Corporation (NYSE:REG) is $70.8 and the 52-week low is $55.79.

Currently the company Insiders own 2.2% of Regency Centers Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -47.7% . During last six month period, the net percent change held by insiders has seen a change of -47.7%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The officer (Managing Director) of Regency Centers Corp, Thompson James D. sold 1,500 shares at $69.13 on December 29, 2015. The Insider selling transaction had a total value worth of $103,695. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Regency Centers Corporation, is a real estate investment trust (REIT) and is the managing general partner in Regency Centers, L.P. It endeavors to be the preeminent national shopping center company distinguished by sustaining growth in shareholder value and compounding total shareholder return in excess of its peers. All of its operating, investing, and financing activities are performed through the Operating Partnership, its wholly-owned subsidiaries, and through its investments in real estate partnerships with third parties. In March 2014, Regency Centers acquired Shops at Mira Vista in Austin, Texas. In March 2014, the Company closed on a three-property acquisition in Fairfield and also acquired an 80% majority stake in a portfolio of centers which include Black Rock Shopping Center, Brick Walk, and Fairfield Center.