Regency Centers (NASDAQ:REG) Cut to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft downgraded shares of Regency Centers (NASDAQ:REG) from a buy rating to a hold rating in a research report report published on Thursday, MarketBeat.com reports. They currently have $75.00 price target on the stock, up from their prior price target of $70.00.

Other equities analysts have also recently issued research reports about the company. Truist Financial lifted their price objective on Regency Centers from $70.00 to $78.00 and gave the company a buy rating in a research note on Friday, August 16th. Scotiabank lifted their price objective on Regency Centers from $65.00 to $75.00 and gave the company a sector perform rating in a research note on Monday, August 26th. Wells Fargo & Company boosted their target price on Regency Centers from $69.00 to $79.00 and gave the stock an overweight rating in a research note on Wednesday, August 28th. Mizuho boosted their target price on Regency Centers from $67.00 to $73.00 and gave the stock an outperform rating in a research note on Monday, August 19th. Finally, Evercore ISI cut Regency Centers from an outperform rating to an inline rating and boosted their target price for the stock from $72.00 to $75.00 in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $76.20.

Regency Centers Stock Performance

Shares of REG opened at $71.45 on Thursday. The stock has a 50-day simple moving average of $70.81 and a 200-day simple moving average of $64.11. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $13.20 billion, a PE ratio of 34.85, a PEG ratio of 4.52 and a beta of 1.21. Regency Centers has a 1 year low of $56.29 and a 1 year high of $75.26.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $361.56 million. Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. During the same quarter in the previous year, the business posted $1.03 EPS. On average, analysts predict that Regency Centers will post 4.23 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be given a $0.67 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $2.68 annualized dividend and a dividend yield of 3.75%. Regency Centers’s dividend payout ratio is currently 130.73%.

Insider Activity

In related news, 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 transaction, the vice president now directly owns 13,010 shares in the company, valued at $905,105.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, 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 transaction, the vice president now directly owns 13,010 shares in the company, valued at $905,105.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the company’s 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 owns 307,199 shares of the company’s stock, 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 institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Regency Centers by 18.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 312,155 shares of the company’s stock valued at $18,904,000 after buying an additional 49,188 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its stake in shares of 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 buying an additional 101,260 shares in the last quarter. FORA Capital LLC grew 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 in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Regency Centers by 10.7% in the first 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 in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Regency Centers by 14.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 116,726 shares of the company’s stock valued at $6,998,000 after buying an additional 14,410 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

About Regency Centers

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.