Regency Centers Corporation (NASDAQ:REG) Stock Has Consensus Price Target of $83.21

Shares of Regency Centers Corporation (NASDAQ:REG) have earned an average recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $83.21.

REG has been the subject of several recent analyst reports. UBS Group decreased their price objective on shares of Regency Centers from $85.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, October 9th. Griffin Securities set a $81.00 target price on shares of Regency Centers in a report on Monday, September 21st. Scotiabank dropped their target price on shares of Regency Centers from $82.00 to $81.00 and set a “sector perform” rating on the stock in a report on Thursday, September 17th. LADENBURG THALM/SH SH boosted their target price on shares of Regency Centers from $83.00 to $85.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Finally, Jefferies Financial Group raised shares of Regency Centers to a “strong-buy” rating in a research report on Friday, June 26th.

Regency Centers Stock Up 1.8%

Shares of Regency Centers stock opened at $73.04 on Tuesday. The stock has a market capitalization of $13.37 billion, a P/E ratio of 24.76, a PEG ratio of 4.30 and a beta of 0.80. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The stock has a 50 day moving average price of $74.29 and a two-hundred day moving average price of $77.37. Regency Centers has a 12-month low of $66.86 and a 12-month high of $83.66.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $0.59 by $0.62. Regency Centers had a return on equity of 8.04% and a net margin of 34.38%. The company had revenue of $413.51 million for the quarter, compared to the consensus estimate of $411.07 million. During the same quarter last year, the company posted $1.16 earnings per share. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. Equities analysts expect that Regency Centers will post 4.86 earnings per share for the current year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were given a $0.7550 dividend. This represents a $3.02 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, September 11th. Regency Centers’s dividend payout ratio (DPR) is currently 102.37%.

Hedge Funds Weigh In On Regency Centers

Institutional investors have recently made changes to their positions in the business. V Square Quantitative Management LLC boosted its position in shares of Regency Centers by 26.2% in the third quarter. V Square Quantitative Management LLC now owns 5,201 shares of the company’s stock valued at $374,000 after acquiring an additional 1,079 shares during the period. Wedmont Private Capital grew its stake in shares of Regency Centers by 35.8% in the third quarter. Wedmont Private Capital now owns 3,733 shares of the company’s stock worth $267,000 after acquiring an additional 984 shares during the last quarter. Versant Capital Management Inc increased its position in Regency Centers by 16.1% during the third quarter. Versant Capital Management Inc now owns 4,604 shares of the company’s stock worth $331,000 after acquiring an additional 638 shares during the period. QRG Capital Management Inc. increased its position in Regency Centers by 12.3% during the second quarter. QRG Capital Management Inc. now owns 32,472 shares of the company’s stock worth $2,589,000 after acquiring an additional 3,555 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its position in Regency Centers by 14.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,460 shares of the company’s stock worth $276,000 after acquiring an additional 427 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Company Profile

Regency Centers Corporation is a real estate investment trust that owns, operates, develops and redevelops shopping centers anchored by grocery stores. Its properties primarily serve established, affluent communities and are designed to provide convenient access to essential goods and services, including supermarkets, restaurants, health and wellness providers, and other neighborhood-oriented retailers.

The company’s activities include leasing retail space, managing shopping-center properties, pursuing new development opportunities and enhancing existing centers through redevelopment.