Regency Centers (NASDAQ:REG) Rating Increased to Strong-Buy at Evercore ISI

Regency Centers (NASDAQ:REG) was upgraded by analysts at Evercore ISI from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday, Zacks.com reports.

Several other equities analysts also recently weighed in on the company. Scotiabank increased their target price on Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Raymond James increased their price objective on shares of Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. JPMorgan Chase & Co. upped their price target on shares of Regency Centers from $71.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. KeyCorp assumed coverage on shares of Regency Centers in a report on Friday, October 25th. They issued an “overweight” rating and a $80.00 price target on the stock. Finally, Compass Point increased their target price on Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Regency Centers currently has an average rating of “Buy” and a consensus price target of $76.55.

Regency Centers Trading Up 0.4 %

Shares of REG stock opened at $72.70 on Tuesday. The company has a market capitalization of $13.19 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 4.42 and a beta of 1.21. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $72.13 and a 200 day moving average price of $66.01. Regency Centers has a twelve month low of $56.51 and a twelve month high of $75.26.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. The firm had revenue of $360.27 million during the quarter, compared to analyst estimates of $355.17 million. During the same period in the prior year, the firm earned $1.02 EPS. Research analysts forecast that Regency Centers will post 4.24 earnings per share for the current fiscal year.

Insider Activity

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the transaction, the vice president now owns 13,010 shares in the company, valued at $905,105.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the sale, the vice president now directly owns 13,010 shares in the company, valued at $905,105.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were 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 approximately $21,503,930. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Regency Centers

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Regency Centers by 3.0% during the first quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company’s stock valued at $1,749,520,000 after buying an additional 830,572 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Regency Centers by 10.7% during 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 acquiring an additional 873,062 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Regency Centers by 4.2% during the second quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company’s stock worth $555,009,000 after purchasing an additional 357,091 shares during the last quarter. Boston Partners boosted its holdings in Regency Centers by 4.1% in the first quarter. Boston Partners now owns 4,192,951 shares of the company’s stock worth $253,902,000 after purchasing an additional 166,354 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Regency Centers by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,641,921 shares of the company’s stock valued at $164,327,000 after purchasing an additional 117,368 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

About Regency Centers

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.