Regency Centers Corporation (NASDAQ:REG) Receives $78.73 Average Price Target from Analysts

Shares of Regency Centers Corporation (NASDAQ:REG) have been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $78.7273.

Several research analysts have weighed in on the stock. Scotiabank increased their target price on shares of Regency Centers from $75.00 to $76.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Wall Street Zen raised shares of Regency Centers from a “sell” rating to a “hold” rating in a research report on Saturday. Evercore ISI lifted their target price on shares of Regency Centers from $76.00 to $77.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Mizuho boosted their target price 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, Truist Financial raised their price target on Regency Centers from $79.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 15th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Regency Centers in the second quarter valued at approximately $1,219,335,000. Nuveen LLC purchased a new position in Regency Centers in the 1st quarter valued at approximately $182,926,000. Wellington Management Group LLP boosted its position in Regency Centers by 2,846.0% in the 1st quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company’s stock valued at $92,659,000 after buying an additional 1,213,586 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Regency Centers by 63.5% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,521,633 shares of the company’s stock worth $185,996,000 after acquiring an additional 979,126 shares in the last quarter. Finally, Amundi increased its position in shares of Regency Centers by 91.4% during the second quarter. Amundi now owns 1,530,276 shares of the company’s stock worth $108,344,000 after acquiring an additional 730,730 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

NASDAQ:REG opened at $71.68 on Friday. Regency Centers has a 52 week low of $63.44 and a 52 week high of $78.18. The stock’s fifty day moving average is $71.80 and its two-hundred day moving average is $71.40. The company has a market capitalization of $13.01 billion, a P/E ratio of 33.50, a P/E/G ratio of 3.10 and a beta of 1.09. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72.

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

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, September 11th. Regency Centers’s payout ratio is currently 131.78%.

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.