Regency Centers (NASDAQ:REG) Coverage Initiated by Analysts at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH assumed coverage on shares of Regency Centers (NASDAQ:REG) in a research note released on Tuesday, MarketBeat.com reports. The firm issued a neutral rating and a $76.00 price target on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Barclays boosted their target price on shares of Regency Centers from $77.00 to $79.00 and gave the company an “equal weight” rating in a report on Wednesday, August 27th. Wells Fargo & Company boosted their price objective on Regency Centers from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Wall Street Zen downgraded Regency Centers from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th. Evercore ISI upped their price target on Regency Centers from $79.00 to $80.00 and gave the company an “in-line” rating in a research report on Wednesday, July 30th. Finally, Scotiabank raised their price objective on shares of Regency Centers from $75.00 to $76.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.67.

Regency Centers Trading Down 0.9%

Shares of Regency Centers stock opened at $72.39 on Tuesday. The stock has a market capitalization of $13.14 billion, a P/E ratio of 33.83, a P/E/G ratio of 3.16 and a beta of 1.09. Regency Centers has a 52-week low of $63.44 and a 52-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 stock’s 50-day simple moving average is $71.37 and its 200 day simple moving average is $71.75.

Regency Centers (NASDAQ:REG) last posted its earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.04. The firm had revenue of $369.85 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last 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, research analysts anticipate that Regency Centers will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

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

Institutional Trading of Regency Centers

A number of hedge funds have recently made changes to their positions in REG. Wayfinding Financial LLC bought a new position in Regency Centers in the first quarter valued at $25,000. Heck Capital Advisors LLC purchased a new position in shares of Regency Centers in the 4th quarter worth about $26,000. CYBER HORNET ETFs LLC bought a new position in shares of Regency Centers during the 2nd quarter valued at about $31,000. MUFG Securities EMEA plc bought a new position in shares of Regency Centers during the 2nd quarter valued at about $34,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Regency Centers by 42.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company’s stock valued at $37,000 after buying an additional 150 shares in the last quarter. 96.07% of the stock is 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.