Regency Centers (REG) Forms $56.00 Double Bottom; Palo Alto Investors Has Upped By $19.53 Million Its Alder Biopharmaceuticals (ALDR) Holding

April 26, 2018 - By John Hoffman

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Regency Centers Corporation (REG) formed double bottom with $53.76 target or 4.00% below today’s $56.00 share price. Regency Centers Corporation (REG) has $9.51B valuation. The stock decreased 0.32% or $0.18 during the last trading session, reaching $56. About 512,001 shares traded. Regency Centers Corporation (NYSE:REG) has declined 14.09% since April 26, 2017 and is downtrending. It has underperformed by 25.64% the S&P500.

Palo Alto Investors Llc increased Alder Biopharmaceuticals Inc (ALDR) stake by 2757.52% reported in 2017Q4 SEC filing. Palo Alto Investors Llc acquired 1.78 million shares as Alder Biopharmaceuticals Inc (ALDR)’s stock declined 1.29%. The Palo Alto Investors Llc holds 1.84 million shares with $21.07M value, up from 64,400 last quarter. Alder Biopharmaceuticals Inc now has $895.55 million valuation. The stock increased 1.15% or $0.15 during the last trading session, reaching $13.2. About 1.12 million shares traded. Alder Biopharmaceuticals, Inc. (NASDAQ:ALDR) has declined 46.26% since April 26, 2017 and is downtrending. It has underperformed by 57.81% the S&P500.

Since December 12, 2017, it had 2 buys, and 12 insider sales for $150.50 million activity. The insider KATZMAN CHAIM sold $16.54M. Another trade for 7,136 shares valued at $416,457 was sold by SCHWEITZER JOHN C. 1,400 Regency Centers Corporation (NYSE:REG) shares with value of $82,754 were sold by RAMEY H CRAIG. $99,977 worth of Regency Centers Corporation (NYSE:REG) shares were bought by BLAIR BRYCE. Shares for $174,725 were sold by ROTH ALAN TODD. On Tuesday, December 12 the insider THOMPSON JAMES D. sold $1.03M.

Among 21 analysts covering Regency Centers Corporation (NYSE:REG), 10 have Buy rating, 0 Sell and 11 Hold. Therefore 48% are positive. Regency Centers Corporation has $520 highest and $60 lowest target. $94.91’s average target is 69.48% above currents $56 stock price. Regency Centers Corporation had 68 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Raymond James on Monday, January 9 to “Market Perform”. The firm has “Neutral” rating given on Thursday, August 25 by BTIG Research. The firm has “Buy” rating by Argus Research given on Wednesday, November 25. The stock of Regency Centers Corporation (NYSE:REG) has “Hold” rating given on Thursday, March 17 by Argus Research. Jefferies maintained the stock with “Hold” rating in Friday, January 12 report. The stock of Regency Centers Corporation (NYSE:REG) has “Hold” rating given on Tuesday, February 27 by Jefferies. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, November 5. On Friday, April 1 the stock rating was maintained by Roth Capital with “Buy”. RBC Capital Markets maintained Regency Centers Corporation (NYSE:REG) on Monday, June 19 with “Buy” rating. The company was maintained on Wednesday, August 17 by Deutsche Bank.

Analysts await Regency Centers Corporation (NYSE:REG) to report earnings on April, 30 after the close. They expect $0.94 earnings per share, up 4.44% or $0.04 from last year’s $0.9 per share. REG’s profit will be $159.62M for 14.89 P/E if the $0.94 EPS becomes a reality. After $0.92 actual earnings per share reported by Regency Centers Corporation for the previous quarter, Wall Street now forecasts 2.17% EPS growth.

Investors sentiment decreased to 1.1 in 2017 Q4. Its down 0.05, from 1.15 in 2017Q3. It turned negative, as 22 investors sold Regency Centers Corporation shares while 110 reduced holdings. 35 funds opened positions while 110 raised stakes. 152.03 million shares or 1.31% less from 154.04 million shares in 2017Q3 were reported. Invest has invested 0.09% in Regency Centers Corporation (NYSE:REG). Barclays Public Limited Company invested in 0.02% or 276,012 shares. Commerzbank Aktiengesellschaft Fi reported 3,280 shares. Kentucky Retirement accumulated 9,125 shares. 575,859 were reported by Sumitomo Mitsui Holding. Alliancebernstein Lp stated it has 654,923 shares or 0.03% of all its holdings. Sentry Corporation has 0.02% invested in Regency Centers Corporation (NYSE:REG). Virtu Fincl Limited Liability reported 8,965 shares or 0.03% of all its holdings. Legal & General Group Public Ltd Com has 1.08 million shares. Fiduciary Tru Co invested in 0.02% or 9,909 shares. Cibc World Corporation holds 29,873 shares. Honeywell Intll invested in 56,679 shares. Sg Americas Securities holds 0.03% of its portfolio in Regency Centers Corporation (NYSE:REG) for 39,470 shares. Dynamic Cap Mngmt Ltd invested in 19,787 shares or 0.47% of the stock. The Japan-based Sumitomo Mitsui Asset Mngmt Ltd has invested 0.11% in Regency Centers Corporation (NYSE:REG).

Regency Centers Corporation (NYSE:REG) Institutional Positions Chart