Regency Centers (NASDAQ:REG) Price Target Raised to $79.00 at Barclays

Regency Centers (NASDAQ:REG) had its target price upped by Barclays from $77.00 to $79.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

REG has been the subject of a number of other reports. Wells Fargo & Company lifted their target price on shares of Regency Centers from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday. Wall Street Zen cut shares of Regency Centers from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th. Robert W. Baird boosted their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Scotiabank reduced their price objective on shares of Regency Centers from $76.00 to $75.00 and set a “sector perform” rating for the company in a research note on Monday, May 12th. Finally, Truist Financial boosted their price objective on shares of Regency Centers from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.92.

Regency Centers Price Performance

NASDAQ REG opened at $72.47 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $13.16 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 3.11 and a beta of 1.05. The company has a 50 day moving average price of $71.06 and a two-hundred day moving average price of $71.81. Regency Centers has a 12-month low of $63.44 and a 12-month high of $78.18.

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

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a dividend of $0.705 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $2.82 dividend on an annualized basis and a yield of 3.9%. Regency Centers’s payout ratio is 131.78%.

Hedge Funds Weigh In On Regency Centers

A number of institutional investors and hedge funds have recently bought and sold shares of REG. Westwood Holdings Group Inc. bought a new stake in Regency Centers in the 2nd quarter valued at $582,000. CYBER HORNET ETFs LLC bought a new stake in Regency Centers in the 2nd quarter valued at $31,000. FORA Capital LLC bought a new stake in Regency Centers in the 2nd quarter valued at $419,000. CANADA LIFE ASSURANCE Co increased its holdings in Regency Centers by 11.5% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 405,756 shares of the company’s stock valued at $28,919,000 after buying an additional 41,794 shares during the period. Finally, Adelante Capital Management LLC increased its holdings in Regency Centers by 7.9% in the 2nd quarter. Adelante Capital Management LLC now owns 376,117 shares of the company’s stock valued at $26,791,000 after buying an additional 27,649 shares during the period. Institutional investors own 96.07% of the company’s stock.

About Regency Centers

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.