Regency Centers Corporation (NASDAQ:REG) Receives Average Recommendation of “Moderate Buy” from Analysts

Regency Centers Corporation (NASDAQ:REG) has been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $78.6667.

A number of research analysts recently weighed in on REG shares. Scotiabank upped their price objective on Regency Centers from $75.00 to $76.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Wall Street Zen downgraded Regency Centers from a “hold” rating to a “sell” rating in a research report on Saturday, July 5th. Robert W. Baird upped their price objective on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Mizuho upped their price objective on Regency Centers from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Finally, Barclays increased their target price on Regency Centers from $77.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 27th.

Hedge Funds Weigh In On Regency Centers

A number of large investors have recently modified their holdings of the company. Osaic Holdings Inc. raised its holdings in shares of Regency Centers by 74.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,930 shares of the company’s stock worth $211,000 after purchasing an additional 1,254 shares during the period. Westwood Holdings Group Inc. acquired a new stake in shares of Regency Centers in the second quarter valued at about $582,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Regency Centers in the second quarter valued at about $31,000. FORA Capital LLC acquired a new stake in shares of Regency Centers in the second quarter valued at about $419,000. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of Regency Centers by 11.5% in the second quarter. CANADA LIFE ASSURANCE Co now owns 405,756 shares of the company’s stock valued at $28,919,000 after buying an additional 41,794 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $71.34 on Monday. The company has a 50-day simple moving average of $71.43 and a 200-day simple moving average of $71.71. Regency Centers has a one year low of $63.44 and a one year high of $78.18. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 3.12 and a beta of 1.09. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.13.

Regency Centers (NASDAQ:REG) last released its earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The business had revenue of $369.85 million for the quarter, compared to analyst estimates of $366.35 million. During the same quarter in the previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. On average, analysts predict that Regency Centers will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Thursday, September 11th. Regency Centers’s dividend payout ratio (DPR) is 131.78%.

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.