Regency Centers Co. (NASDAQ:REG) Given Consensus Recommendation of “Hold” by Analysts

Regency Centers Co. (NASDAQ:REG – Get Rating) has been given an average recommendation of “Hold” by the fourteen analysts that are presently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $74.27.

A number of research analysts recently issued reports on REG shares. Morgan Stanley reduced their price objective on Regency Centers from $73.00 to $67.50 and set an “equal weight” rating for the company in a research report on Thursday, March 3rd. Truist Financial boosted their price objective on Regency Centers from $82.00 to $87.00 in a research report on Tuesday, January 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on Regency Centers from $92.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, March 31st. Finally, Compass Point reduced their price objective on Regency Centers from $82.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, February 14th.

In other news, Director Nicholas Andrew Wibbenmeyer sold 4,330 shares of the business’s stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $69.81, for a total transaction of $302,277.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the stock. SG Americas Securities LLC raised its position in Regency Centers by 202.0% during the first quarter. SG Americas Securities LLC now owns 54,597 shares of the company’s stock valued at $3,895,000 after buying an additional 36,520 shares during the period. Park Avenue Securities LLC increased its position in Regency Centers by 94.0% in the 1st quarter. Park Avenue Securities LLC now owns 6,190 shares of the company’s stock worth $442,000 after purchasing an additional 2,999 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its position in Regency Centers by 0.3% in the 1st quarter. Chevy Chase Trust Holdings Inc. now owns 92,646 shares of the company’s stock worth $6,610,000 after purchasing an additional 235 shares during the last quarter. Comerica Bank increased its position in Regency Centers by 4.2% in the 1st quarter. Comerica Bank now owns 40,286 shares of the company’s stock worth $2,929,000 after purchasing an additional 1,629 shares during the last quarter. Finally, New York State Teachers Retirement System increased its position in Regency Centers by 3.8% in the 1st quarter. New York State Teachers Retirement System now owns 193,875 shares of the company’s stock worth $13,831,000 after purchasing an additional 7,031 shares during the last quarter. 94.68% of the stock is currently owned by hedge funds and other institutional investors.

REG stock opened at $68.83 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.61. Regency Centers has a 52-week low of $61.48 and a 52-week high of $78.78. The stock’s 50 day moving average is $68.91 and its two-hundred day moving average is $71.14. The company has a market capitalization of $11.80 billion, a PE ratio of 32.62, a P/E/G ratio of 6.53 and a beta of 1.14.

Regency Centers (NASDAQ:REG – Get Rating) last issued its quarterly earnings results on Wednesday, February 9th. The company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.07). Regency Centers had a net margin of 30.99% and a return on equity of 5.47%. The firm had revenue of $289.70 million during the quarter, compared to the consensus estimate of $279.89 million. During the same quarter last year, the firm posted $0.76 earnings per share. Regency Centers’s revenue was up 15.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Regency Centers will post 3.79 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 5th. Stockholders of record on Tuesday, March 15th were given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Monday, March 14th. Regency Centers’s dividend payout ratio (DPR) is presently 118.48%.

Regency Centers Company Profile (Get Rating)

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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.

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