Regency Centers’ (REG) “Buy (B-)” Rating Reaffirmed at Weiss Ratings

Regency Centers (NASDAQ:REG)‘s stock had its “buy (b-)” rating reaffirmed by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research firms also recently commented on REG. Evercore ISI boosted their price target on Regency Centers from $76.00 to $77.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Robert W. Baird boosted their price target on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Scotiabank boosted their price target on Regency Centers from $75.00 to $76.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Wall Street Zen raised Regency Centers from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Mizuho boosted their price target on Regency Centers from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Regency Centers has an average rating of “Moderate Buy” and a consensus target price of $79.09.

Regency Centers Stock Down 0.3%

REG opened at $71.26 on Wednesday. Regency Centers has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $12.94 billion, a P/E ratio of 33.30, a P/E/G ratio of 3.09 and a beta of 1.09. The stock has a fifty day moving average of $71.79 and a 200-day moving average of $71.40.

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

Institutional Trading of Regency Centers

Hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings in shares of Regency Centers by 3.2% during the first quarter. Envestnet Asset Management Inc. now owns 120,960 shares of the company’s stock worth $8,922,000 after purchasing an additional 3,773 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Regency Centers by 14.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,322 shares of the company’s stock worth $2,210,000 after purchasing an additional 3,857 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Regency Centers by 7.1% during the first quarter. Janney Montgomery Scott LLC now owns 4,296 shares of the company’s stock worth $317,000 after purchasing an additional 283 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Regency Centers by 46.2% during the first quarter. Teacher Retirement System of Texas now owns 29,633 shares of the company’s stock worth $2,186,000 after purchasing an additional 9,359 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Regency Centers by 43.1% during the first quarter. Farther Finance Advisors LLC now owns 1,435 shares of the company’s stock worth $106,000 after purchasing an additional 432 shares during the last quarter. 96.07% of the stock is currently owned by 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.