Regency Centers (NASDAQ:REG) Price Target Raised to $82.00

Regency Centers (NASDAQ:REG) had its price objective raised by Wells Fargo & Company from $81.00 to $82.00 in a research note published on Tuesday, MarketBeat reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other analysts also recently commented on the stock. Wall Street Zen raised shares of Regency Centers from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. Evercore ISI upped their price objective on shares of Regency Centers from $76.00 to $77.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Barclays increased their target price on shares of Regency Centers from $79.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. Scotiabank upped their price target on Regency Centers from $75.00 to $76.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Finally, Truist Financial increased their price objective on Regency Centers from $79.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 15th. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Regency Centers presently has an average rating of “Moderate Buy” and an average price target of $79.18.

Regency Centers Stock Performance

Shares of REG stock opened at $72.48 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.13 and a quick ratio of 1.13. Regency Centers has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The stock’s 50-day moving average is $71.77 and its two-hundred day moving average is $71.39. The firm has a market cap of $13.16 billion, a P/E ratio of 33.87, a PEG ratio of 3.01 and a beta of 1.09.

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

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, September 11th. Regency Centers’s dividend payout ratio (DPR) is currently 131.78%.

Institutional Trading of Regency Centers

Several hedge funds have recently added to or reduced their stakes in REG. Steigerwald Gordon & Koch Inc. acquired a new stake in Regency Centers in the 3rd quarter valued at approximately $33,000. Lecap Asset Management Ltd. boosted its position in shares of Regency Centers by 283.6% in the third quarter. Lecap Asset Management Ltd. now owns 20,900 shares of the company’s stock valued at $1,524,000 after acquiring an additional 15,452 shares during the period. SG Americas Securities LLC grew its stake in shares of Regency Centers by 272.4% in the third quarter. SG Americas Securities LLC now owns 64,775 shares of the company’s stock worth $4,722,000 after acquiring an additional 47,379 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Regency Centers by 5.2% in the third quarter. Park Avenue Securities LLC now owns 3,040 shares of the company’s stock worth $222,000 after acquiring an additional 149 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in Regency Centers by 7.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 569,858 shares of the company’s stock worth $41,543,000 after acquiring an additional 41,701 shares during the period. 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.