Regency Centers Co. (NASDAQ:REG) Receives $76.92 Consensus Price Target from Analysts

Regency Centers Co. (NASDAQ:REG) has been assigned a consensus rating of “Buy” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $76.92.

Several research analysts have weighed in on the company. Compass Point lifted their target price on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. KeyCorp assumed coverage on Regency Centers in a report on Friday, October 25th. They issued an “overweight” rating and a $80.00 target price on the stock. Robert W. Baird raised their price objective on shares of Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Truist Financial lifted their price objective on Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Evercore ISI upgraded Regency Centers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th.

Regency Centers Stock Performance

Shares of REG opened at $73.66 on Tuesday. The stock has a 50 day moving average price of $72.39 and a 200 day moving average price of $67.24. Regency Centers has a 52-week low of $56.51 and a 52-week high of $75.26. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $13.37 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 4.55 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). The firm had revenue of $360.27 million for the quarter, compared to analysts’ expectations of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same quarter in the prior year, the business earned $1.02 EPS. Research analysts predict that Regency Centers will post 4.28 EPS for the current fiscal year.

Regency Centers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be paid a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Monday, December 16th. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. Regency Centers’s dividend payout ratio (DPR) is currently 132.39%.

Institutional Investors Weigh In On Regency Centers

Several institutional investors and hedge funds have recently modified their holdings of REG. Quest Partners LLC lifted its position in shares of Regency Centers by 25,250.0% during the second quarter. Quest Partners LLC now owns 507 shares of the company’s stock worth $32,000 after purchasing an additional 505 shares in the last quarter. Family Firm Inc. bought a new position in Regency Centers in the second quarter worth about $44,000. Blue Trust Inc. boosted its position in Regency Centers by 582.1% during the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after purchasing an additional 716 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Regency Centers during the first quarter valued at $52,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Regency Centers by 300.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock valued at $58,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.