Regency Centers Co. (NASDAQ:REG) Receives $76.10 Consensus Price Target from Analysts

Regency Centers Co. (NASDAQ:REG) has earned an average rating of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $76.20.

Several brokerages have weighed in on REG. Evercore ISI downgraded Regency Centers from an “outperform” rating to an “inline” rating and lifted their target price for the company from $72.00 to $75.00 in a research note on Monday, September 16th. Raymond James lifted their price objective on shares of Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Truist Financial upped their price objective on shares of Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and raised their target price for the company from $70.00 to $75.00 in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Regency Centers from $71.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, August 8th.

Regency Centers Stock Up 0.7 %

Regency Centers stock opened at $71.45 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. Regency Centers has a one year low of $56.29 and a one year high of $75.26. The company has a 50-day simple moving average of $70.81 and a 200-day simple moving average of $64.11. The firm has a market capitalization of $13.20 billion, a P/E ratio of 34.85, a P/E/G ratio of 4.52 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last posted its earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.48). The firm had revenue of $357.25 million during the quarter, compared to the consensus estimate of $361.56 million. Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. During the same quarter last year, the company posted $1.03 EPS. As a group, equities analysts expect that Regency Centers will post 4.23 earnings per share for the current year.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Thursday, September 12th. Regency Centers’s dividend payout ratio is presently 130.73%.

Insider Buying and Selling

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the transaction, the chairman now owns 307,199 shares of the company’s stock, valued at $21,503,930. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the completion of the transaction, the vice president now directly owns 13,010 shares in the company, valued at $905,105.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of Regency Centers stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the transaction, the chairman now directly owns 307,199 shares in the company, valued at $21,503,930. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Regency Centers

Several hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Regency Centers by 18.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 312,155 shares of the company’s stock valued at $18,904,000 after purchasing an additional 49,188 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of Regency Centers by 36.9% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 375,952 shares of the company’s stock worth $25,189,000 after buying an additional 101,260 shares during the last quarter. FORA Capital LLC boosted its holdings in shares of Regency Centers by 493.7% during the 1st quarter. FORA Capital LLC now owns 25,061 shares of the company’s stock worth $1,518,000 after buying an additional 20,840 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Regency Centers by 10.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company’s stock valued at $547,995,000 after buying an additional 873,062 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Regency Centers by 14.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 116,726 shares of the company’s stock worth $6,998,000 after acquiring an additional 14,410 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Company Profile

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.