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

Shares of Regency Centers Co. (NASDAQ:REG) have been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $76.20.

Several analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Regency Centers from $71.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Compass Point upped their target price on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Truist Financial increased their target price on Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Raymond James boosted their price target on Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, Mizuho increased their price objective on Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th.

Insiders Place Their Bets

In other news, VP Michael R. Herman sold 1,000 shares of the business’s 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 completion of the transaction, the vice president now directly owns 13,010 shares in the company, valued at approximately $905,105.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of Regency Centers 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 transaction, the chairman now owns 307,199 shares in the company, valued at $21,503,930. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Michael R. Herman sold 1,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the transaction, the vice president now directly owns 13,010 shares of the company’s stock, valued at approximately $905,105.70. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Regency Centers

A number of hedge funds and other institutional investors have recently modified their holdings of REG. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in 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 worth $18,904,000 after acquiring an additional 49,188 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Regency Centers by 36.9% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 375,952 shares of the company’s stock worth $25,189,000 after purchasing an additional 101,260 shares during the last quarter. FORA Capital LLC increased its stake 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 during the period. Price T Rowe Associates Inc. MD raised its holdings in Regency Centers by 10.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company’s stock valued at $547,995,000 after buying an additional 873,062 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in Regency Centers by 14.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 116,726 shares of the company’s stock worth $6,998,000 after buying an additional 14,410 shares during the period. Institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

Shares of NASDAQ REG opened at $71.45 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average price is $70.81 and its two-hundred day moving average price is $64.06. The company has a market cap of $12.97 billion, a PE ratio of 34.85, a price-to-earnings-growth ratio of 4.50 and a beta of 1.21. Regency Centers has a twelve month low of $56.29 and a twelve month high of $75.26.

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

Regency Centers Dividend Announcement

The business also recently declared 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. This represents a $2.68 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Thursday, September 12th. Regency Centers’s dividend payout ratio (DPR) is presently 130.73%.

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.