Analysts Set Regency Centers Co. (NASDAQ:REG) PT at $76.92

Regency Centers Co. (NASDAQ:REG) has been given an average rating of “Buy” by the twelve brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $76.92.

A number of analysts have weighed in on REG shares. Evercore ISI raised shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. KeyCorp assumed coverage on Regency Centers in a report on Friday, October 25th. They issued an “overweight” rating and a $80.00 target price for the company. Mizuho lifted their price target on Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Scotiabank boosted their price target on Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Finally, Truist Financial raised their price objective on shares of Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a report on Friday, August 16th.

Regency Centers Stock Performance

NASDAQ:REG opened at $73.66 on Tuesday. Regency Centers has a twelve month low of $56.51 and a twelve month high of $75.26. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. The stock’s 50-day simple moving average is $72.37 and its 200 day simple moving average is $67.03. The firm has a market capitalization of $13.37 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 4.53 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings results 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). The company had revenue of $360.27 million during the quarter, compared to analyst estimates of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same quarter in the previous year, the business posted $1.02 earnings per share. On average, analysts anticipate that Regency Centers will post 4.28 EPS for the current fiscal year.

Regency Centers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be given a dividend of $0.705 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.82 dividend on an annualized basis and a yield of 3.83%. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. Regency Centers’s dividend payout ratio is 125.82%.

Institutional Investors Weigh In On Regency Centers

Large investors have recently added to or reduced their stakes in the business. Quest Partners LLC grew its holdings in Regency Centers by 25,250.0% in the second quarter. Quest Partners LLC now owns 507 shares of the company’s stock worth $32,000 after purchasing an additional 505 shares during the period. Family Firm Inc. bought a new stake in Regency Centers in the 2nd quarter valued at about $44,000. Blue Trust Inc. raised its stake in Regency Centers by 582.1% during the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock worth $51,000 after buying an additional 716 shares during the period. EntryPoint Capital LLC bought a new position in Regency Centers in the first quarter worth approximately $52,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in Regency Centers by 300.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock valued at $58,000 after acquiring an additional 600 shares during the period. 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.