Wells Fargo & Company Lowers Regency Centers (NASDAQ:REG) Price Target to $80.00

Regency Centers (NASDAQ:REG) had its price objective dropped by equities research analysts at Wells Fargo & Company from $81.00 to $80.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 11.17% from the company’s current price.

Several other research analysts also recently weighed in on the company. Mizuho upped their price target on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. BTIG Research raised their target price on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. KeyCorp assumed coverage on shares of Regency Centers in a research note on Friday, October 25th. They issued an “overweight” rating and a $80.00 price target on the stock. Robert W. Baird raised their price objective on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. boosted their target price on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.08.

Regency Centers Stock Up 0.9 %

REG opened at $71.96 on Wednesday. The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 33.78, a price-to-earnings-growth ratio of 3.68 and a beta of 1.22. 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 firm’s fifty day moving average is $73.14 and its 200 day moving average is $71.84. Regency Centers has a fifty-two week low of $56.51 and a fifty-two week high of $76.53.

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 analysts’ consensus estimates of $1.04 by ($0.50). The business had revenue of $360.27 million during the quarter, compared to the consensus estimate of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same period last year, the company earned $1.02 EPS. On average, sell-side analysts forecast that Regency Centers will post 4.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of REG. Heck Capital Advisors LLC purchased a new position in shares of Regency Centers during the 4th quarter worth about $26,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Regency Centers by 300.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock worth $58,000 after purchasing an additional 600 shares during the last quarter. Quest Partners LLC boosted its position in shares of Regency Centers by 84.8% during the third quarter. Quest Partners LLC now owns 937 shares of the company’s stock valued at $68,000 after buying an additional 430 shares during the period. Brooklyn Investment Group bought a new position in shares of Regency Centers during the third quarter valued at approximately $96,000. Finally, Principal Securities Inc. raised its holdings in shares of Regency Centers by 29.0% in the fourth quarter. Principal Securities Inc. now owns 1,360 shares of the company’s stock worth $101,000 after buying an additional 306 shares during the period. 96.07% of the stock is owned by hedge funds and other 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.