Analysts Set Regency Centers Co. (NASDAQ:REG) Target Price at $78.08

Shares of Regency Centers Co. (NASDAQ:REG) have received an average rating of “Moderate Buy” from the twelve research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $78.08.

REG has been the subject of several research analyst reports. Mizuho increased their target price on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Evercore ISI reduced their target price on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. BTIG Research increased their target price on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company reduced their target price on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th.

Regency Centers Stock Up 0.9 %

Shares of NASDAQ:REG opened at $72.08 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. Regency Centers has a 52-week low of $56.51 and a 52-week high of $78.18. The company has a 50 day moving average of $72.88 and a two-hundred day moving average of $73.02. The company has a market capitalization of $13.07 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. As a group, analysts forecast that Regency Centers will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s payout ratio is 133.02%.

Insider Buying and Selling at Regency Centers

In related news, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the transaction, the chief financial officer now owns 54,020 shares in the company, valued at $3,975,872. This trade represents a 27.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total value of $3,674,000.00. Following the completion of the transaction, the chairman now owns 110,263 shares of the company’s stock, valued at $8,102,125.24. This trade represents a 31.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,000 shares of company stock worth $6,977,500. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Regency Centers

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. KBC Group NV boosted its position in Regency Centers by 303.3% during the 3rd quarter. KBC Group NV now owns 169,927 shares of the company’s stock worth $12,274,000 after acquiring an additional 127,796 shares during the period. Metis Global Partners LLC boosted its position in Regency Centers by 21.3% during the 3rd quarter. Metis Global Partners LLC now owns 22,217 shares of the company’s stock worth $1,605,000 after acquiring an additional 3,902 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Regency Centers by 18.0% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,915 shares of the company’s stock valued at $355,000 after buying an additional 748 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Regency Centers by 7.5% during the 3rd quarter. CIBC Asset Management Inc now owns 24,544 shares of the company’s stock valued at $1,773,000 after buying an additional 1,722 shares during the last quarter. Finally, Prudent Man Advisors LLC acquired a new stake in shares of Regency Centers during the 3rd quarter valued at about $213,000. 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.