Mizuho Has Lowered Expectations for Regency Centers (NASDAQ:REG) Stock Price

Regency Centers (NASDAQ:REG) had its price target lowered by Mizuho from $79.00 to $74.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s target price indicates a potential upside of 5.91% from the company’s previous close.

REG has been the topic of a number of other reports. Scotiabank lowered their price objective on shares of Regency Centers from $76.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Monday, May 12th. Wall Street Zen lowered shares of Regency Centers from a “hold” rating to a “sell” rating in a research report on Saturday, July 5th. Wells Fargo & Company dropped their price objective on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Truist Financial lifted their price objective on Regency Centers from $78.00 to $79.00 and gave the stock a “buy” rating in a research report on Monday, May 19th. Finally, Barclays began coverage on Regency Centers in a report on Wednesday, July 2nd. They set an “equal weight” rating and a $77.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Regency Centers currently has a consensus rating of “Moderate Buy” and an average price target of $77.54.

Regency Centers Stock Performance

Shares of REG opened at $69.87 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.70. Regency Centers has a 52-week low of $63.44 and a 52-week high of $78.18. The company has a 50-day simple moving average of $71.17 and a 200-day simple moving average of $71.81. The company has a market capitalization of $12.68 billion, a PE ratio of 32.96, a P/E/G ratio of 3.40 and a beta of 1.00.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.14 by $0.01. The business had revenue of $370.35 million for the quarter, compared to analyst estimates of $364.64 million. Regency Centers had a return on equity of 5.98% and a net margin of 27.21%. During the same quarter in the previous year, the company earned $1.08 EPS. Equities research analysts predict that Regency Centers will post 4.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of Regency Centers stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total value of $301,205.52. Following the completion of the sale, the insider owned 33,069 shares in the company, valued at $2,395,518.36. The trade was a 11.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Regency Centers

A number of institutional investors have recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new position in shares of Regency Centers in the 1st quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new position in Regency Centers during the fourth quarter valued at approximately $26,000. TD Waterhouse Canada Inc. grew its stake in Regency Centers by 48,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company’s stock worth $36,000 after buying an additional 487 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in Regency Centers by 42.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company’s stock worth $37,000 after buying an additional 150 shares during the period. Finally, Sentry Investment Management LLC acquired a new stake in shares of Regency Centers in the first quarter worth $38,000. 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.