Regency Centers Corporation (NASDAQ:REG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Regency Centers Corporation (NASDAQ:REG) have earned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $78.6667.

REG has been the subject of several research reports. 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. Wells Fargo & Company lifted their target price on shares of Regency Centers from $81.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Argus upgraded Regency Centers to a “strong-buy” rating in a report on Wednesday, November 5th. Barclays raised Regency Centers from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $83.00 to $82.00 in a research report on Tuesday. Finally, Truist Financial reduced their price objective on Regency Centers from $81.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday.

Insiders Place Their Bets

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chairman owned 272,958 shares of the company’s stock, valued at $19,112,519.16. This trade represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in REG. Norges Bank purchased a new stake in Regency Centers during the 2nd quarter worth $1,219,335,000. Nuveen LLC purchased a new position in Regency Centers in the 1st quarter valued at about $182,926,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Regency Centers during the third quarter valued at about $107,144,000. Wellington Management Group LLP increased its position in shares of Regency Centers by 2,846.0% during the first quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company’s stock worth $92,659,000 after acquiring an additional 1,213,586 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC increased its position in shares of Regency Centers by 63.5% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,521,633 shares of the company’s stock worth $185,996,000 after acquiring an additional 979,126 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Stock Performance

Shares of NASDAQ:REG opened at $70.87 on Friday. The business has a 50-day moving average of $70.86 and a two-hundred day moving average of $71.30. The firm has a market capitalization of $12.87 billion, a PE ratio of 32.66, a P/E/G ratio of 2.87 and a beta of 1.07. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.13. Regency Centers has a 12 month low of $63.44 and a 12 month high of $78.18.

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

Regency Centers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be given 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 of this dividend is Monday, December 15th. This represents a $3.02 annualized dividend and a yield of 4.3%. Regency Centers’s dividend payout ratio is presently 139.17%.

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.