Regency Centers Co. (NASDAQ:REG) Receives $77.08 Average Price Target from Analysts

Shares of Regency Centers Co. (NASDAQ:REG) have received a consensus recommendation of “Buy” from the thirteen research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $77.08.

A number of brokerages have commented on REG. Evercore ISI upgraded Regency Centers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Raymond James boosted their price objective on shares of Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Truist Financial increased their target price on shares of Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Wells Fargo & Company boosted their price target on shares of Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Finally, Mizuho increased their price objective on Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Monday, August 19th.

Regency Centers Trading Up 1.1 %

NASDAQ:REG opened at $74.92 on Friday. Regency Centers has a 1 year low of $56.51 and a 1 year high of $76.53. The business has a fifty day moving average of $72.83 and a 200-day moving average of $68.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $13.60 billion, a price-to-earnings ratio of 35.17, a PEG ratio of 4.08 and a beta of 1.22.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data on Monday, October 28th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.50). Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. The company had revenue of $360.27 million for the quarter, compared to the consensus estimate of $355.17 million. During the same period in the prior year, the business earned $1.02 earnings per share. Equities analysts predict that Regency Centers will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be paid a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.76%. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date is Monday, December 16th. Regency Centers’s dividend payout ratio is currently 132.39%.

Institutional Trading of Regency Centers

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Regency Centers by 1,138.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company’s stock worth $149,932,000 after purchasing an additional 1,908,153 shares during the period. PGGM Investments lifted its stake in shares of Regency Centers by 2,586.9% during the 2nd quarter. PGGM Investments now owns 1,670,607 shares of the company’s stock worth $103,912,000 after buying an additional 1,608,431 shares during the last quarter. Waterfront Capital Partners LLC bought a new stake in shares of Regency Centers during the 3rd quarter worth about $33,628,000. Principal Financial Group Inc. grew its stake in Regency Centers by 4.2% in the 2nd quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company’s stock valued at $555,009,000 after buying an additional 357,091 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in Regency Centers by 701.7% in the 3rd quarter. National Bank of Canada FI now owns 361,597 shares of the company’s stock valued at $26,118,000 after buying an additional 316,496 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

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.