BTIG Research Issues Positive Forecast for Regency Centers (NASDAQ:REG) Stock Price

Regency Centers (NASDAQ:REG) had its price objective raised by investment analysts at BTIG Research from $72.00 to $79.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. BTIG Research’s target price suggests a potential upside of 4.06% from the company’s current price.

Several other equities analysts have also commented on REG. Robert W. Baird raised their target price on shares of Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Wells Fargo & Company boosted their price objective on shares of Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Raymond James raised their target price on Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating and boosted their price target for the stock from $70.00 to $75.00 in a report on Thursday, September 26th. Finally, Evercore ISI raised Regency Centers from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $77.08.

Regency Centers Stock Performance

REG traded up $0.92 during trading hours on Wednesday, reaching $75.92. The company’s stock had a trading volume of 155,095 shares, compared to its average volume of 1,098,977. The company’s 50-day moving average is $72.37 and its 200-day moving average is $68.04. Regency Centers has a 52 week low of $56.51 and a 52 week high of $76.14. The firm has a market cap of $13.78 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 4.08 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95.

Regency Centers (NASDAQ:REG) last posted its earnings results on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). The company had revenue of $360.27 million for the quarter, compared to analyst estimates of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same quarter in the prior year, the business posted $1.02 EPS. On average, equities analysts forecast that Regency Centers will post 4.28 EPS for the current year.

Institutional Investors Weigh In On Regency Centers

Several institutional investors and hedge funds have recently made changes to their positions in REG. California State Teachers Retirement System boosted its stake in shares of Regency Centers by 2.3% in the 1st quarter. California State Teachers Retirement System now owns 250,903 shares of the company’s stock valued at $15,195,000 after purchasing an additional 5,757 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Regency Centers by 280.8% in the 1st quarter. Tidal Investments LLC now owns 14,265 shares of the company’s stock valued at $864,000 after purchasing an additional 10,519 shares during the period. iA Global Asset Management Inc. boosted its position in shares of Regency Centers by 22.0% during the 1st quarter. iA Global Asset Management Inc. now owns 6,467 shares of the company’s stock valued at $392,000 after purchasing an additional 1,165 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in Regency Centers during the first quarter worth approximately $524,000. Finally, Walleye Trading LLC bought a new stake in Regency Centers in the first quarter worth approximately $2,583,000. Institutional investors and hedge funds 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.