Regency Centers Co. (NASDAQ:REG) Receives Consensus Rating of “Moderate Buy” from Analysts

Regency Centers Co. (NASDAQ:REG) has received an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $76.10.

A number of equities analysts have commented on the stock. Raymond James boosted their target price 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. Mizuho boosted their price objective on shares of Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Compass Point raised their target price on shares of Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Truist Financial lifted their price target 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. Finally, Evercore ISI lowered Regency Centers from an “outperform” rating to an “inline” rating and increased their price objective for the company from $72.00 to $75.00 in a report on Monday, September 16th.

Regency Centers Price Performance

NASDAQ REG opened at $71.59 on Monday. The company has a market cap of $12.99 billion, a PE ratio of 34.92, a P/E/G ratio of 4.66 and a beta of 1.21. The firm’s 50 day moving average price is $70.18 and its 200-day moving average price is $63.72. 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 52-week low of $56.29 and a 52-week high of $75.26.

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

Regency Centers Announces Dividend

The company 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 $0.67 dividend. The ex-dividend date is Thursday, September 12th. This represents a $2.68 dividend on an annualized basis and a yield of 3.74%. Regency Centers’s dividend payout ratio (DPR) is 130.73%.

Insider Buying and Selling at Regency Centers

In related news, VP Michael R. Herman sold 1,000 shares of the stock in a transaction that occurred 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 approximately $905,105.70. The sale was disclosed in a filing with the SEC, which is available through this link. In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the company’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 sale, the vice president now directly owns 13,010 shares of the company’s stock, valued at $905,105.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the stock in a transaction dated 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 sale, 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. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Regency Centers

Several hedge funds have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Regency Centers by 18.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 312,155 shares of the company’s stock valued at $18,904,000 after acquiring an additional 49,188 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its holdings in 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 valued at $25,189,000 after purchasing an additional 101,260 shares during the period. FORA Capital LLC increased its position in shares of Regency Centers by 493.7% in the first quarter. FORA Capital LLC now owns 25,061 shares of the company’s stock valued at $1,518,000 after buying an additional 20,840 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake 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 worth $547,995,000 after buying an additional 873,062 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its stake in Regency Centers by 14.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 116,726 shares of the company’s stock valued at $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.