Regency Centers (NASDAQ:REG) Rating Increased to Overweight at Barclays

Barclays upgraded shares of Regency Centers (NASDAQ:REG) from an equal weight rating to an overweight rating in a research note released on Tuesday morning, MarketBeat reports. Barclays currently has $82.00 price objective on the stock, down from their prior price objective of $83.00.

Other equities analysts have also issued research reports about the company. Argus raised Regency Centers to a “strong-buy” rating in a research note on Wednesday, November 5th. Evercore ISI increased their price target on shares of Regency Centers from $76.00 to $77.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. LADENBURG THALM/SH SH initiated coverage on shares of Regency Centers in a report on Tuesday, September 9th. They issued a “neutral” rating and a $76.00 price objective for the company. Wells Fargo & Company upped their target price on shares of Regency Centers from $81.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Finally, Wall Street Zen raised shares of Regency Centers from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $78.67.

Regency Centers Stock Performance

NASDAQ:REG opened at $69.49 on Tuesday. Regency Centers has a fifty-two week low of $63.44 and a fifty-two 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 1.20. The company has a 50 day moving average price of $70.99 and a 200 day moving average price of $71.34. The stock has a market capitalization of $12.62 billion, a P/E ratio of 32.02, a PEG ratio of 2.87 and a beta of 1.07.

Regency Centers (NASDAQ:REG) last announced its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.15. Regency Centers had a return on equity of 6.14% and a net margin of 27.04%.The company had revenue of $387.57 million for the quarter, compared to analyst estimates of $374.83 million. During the same quarter in the previous year, the company earned $1.07 earnings per share. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. Equities research analysts forecast that Regency Centers will post 4.54 EPS for the current year.

Regency Centers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be issued a dividend of $0.755 per share. This is a boost from Regency Centers’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, December 15th. This represents a $3.02 annualized dividend and a yield of 4.3%. Regency Centers’s dividend payout ratio (DPR) is presently 139.17%.

Insider Activity at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $70.02, for a total value of $1,050,300.00. Following the sale, the chairman directly owned 272,958 shares in the company, valued at approximately $19,112,519.16. This trade represents a 5.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Regency Centers

Several large investors have recently bought and sold shares of REG. Norges Bank purchased a new stake in Regency Centers during the 2nd quarter worth about $1,219,335,000. Nuveen LLC purchased a new position in shares of Regency Centers during the first quarter worth about $182,926,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Regency Centers during the third quarter worth about $107,144,000. Wellington Management Group LLP boosted its position in shares of Regency Centers by 2,846.0% in the 1st quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company’s stock valued at $92,659,000 after purchasing an additional 1,213,586 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC grew its stake in Regency Centers by 63.5% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,521,633 shares of the company’s stock worth $185,996,000 after buying an additional 979,126 shares during the last quarter. 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.