Regency Centers Corporation (NASDAQ:REG) Given Average Rating of “Moderate Buy” by Brokerages

Regency Centers Corporation (NASDAQ:REG) has received a consensus rating of “Moderate Buy” from the eighteen research firms that are presently covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $83.6111.

A number of brokerages recently weighed in on REG. Griffin Securities set a $81.00 price target on shares of Regency Centers in a research note on Monday. Scotiabank lowered 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 research report on Thursday, September 17th. Argus set a $85.00 price objective on shares of Regency Centers in a research report on Monday, August 10th. Raymond James Financial restated an “outperform” rating and set a $88.00 target price on shares of Regency Centers in a report on Monday, June 29th. Finally, Evercore set a $83.00 target price on shares of Regency Centers in a research report on Thursday, July 30th.

Hedge Funds Weigh In On Regency Centers

Several hedge funds have recently bought and sold shares of the stock. National Pension Service boosted its stake in shares of Regency Centers by 60.9% during the second quarter. National Pension Service now owns 18,016 shares of the company’s stock valued at $1,437,000 after acquiring an additional 6,821 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Regency Centers during the 2nd quarter worth about $901,000. Engineers Gate Manager LP grew its holdings in shares of Regency Centers by 1,368.4% during the second quarter. Engineers Gate Manager LP now owns 56,594 shares of the company’s stock worth $4,513,000 after buying an additional 52,740 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Regency Centers in the second quarter valued at approximately $124,000. Finally, Allworth Financial LP lifted its stake in shares of Regency Centers by 14.8% during the second quarter. Allworth Financial LP now owns 9,652 shares of the company’s stock valued at $770,000 after buying an additional 1,245 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $73.53 on Friday. The company’s fifty day moving average price is $77.30 and its 200 day moving average price is $77.90. Regency Centers has a 12 month low of $66.86 and a 12 month high of $83.66. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $13.46 billion, a P/E ratio of 24.93, a P/E/G ratio of 4.33 and a beta of 0.79.

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

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, September 11th. Regency Centers’s payout ratio is currently 102.37%.

Regency Centers Company Profile

Regency Centers Corporation (NASDAQ: REG) is a self-administered and self-managed real estate investment trust that owns, operates, develops and redevelops retail properties in the United States. The company primarily focuses on high-quality, grocery-anchored shopping centers designed to serve the daily needs of surrounding communities.

Regency’s properties typically include supermarkets, restaurants, specialty retailers, service providers and other complementary tenants. Its activities include leasing and managing shopping centers, pursuing redevelopment opportunities and developing new retail properties in established, attractive trade areas.

Headquartered in Jacksonville, Florida, Regency Centers traces its roots to 1963 and serves communities across major metropolitan areas in the United States.