Regency Centers (NASDAQ:REG) Price Target Lowered to $76.00 at Scotiabank

Regency Centers (NASDAQ:REG) had its price target cut by Scotiabank from $78.00 to $76.00 in a report released on Wednesday,Benzinga reports. They currently have a sector perform rating on the stock.

Other equities research analysts have also issued research reports about the stock. UBS Group set a $76.00 target price on shares of Regency Centers in a report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Regency Centers in a research report on Monday, December 29th. KeyCorp reiterated a “sector weight” rating on shares of Regency Centers in a report on Thursday, December 4th. Truist Financial decreased their price target on Regency Centers from $81.00 to $77.00 and set a “buy” rating for the company in a research note on Tuesday, November 18th. Finally, Wall Street Zen upgraded Regency Centers from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Regency Centers has a consensus rating of “Hold” and an average price target of $78.33.

Regency Centers Price Performance

NASDAQ:REG opened at $69.92 on Wednesday. The firm has a market capitalization of $12.79 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 2.62 and a beta of 0.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.20. The business has a 50 day simple moving average of $69.43 and a 200-day simple moving average of $70.66. Regency Centers has a 1 year low of $63.44 and a 1 year high of $78.18.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, meeting the consensus estimate of $1.15. The company had revenue of $387.57 million for the quarter, compared to analyst estimates 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 prior year, the firm posted $1.07 EPS. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. Equities analysts forecast that Regency Centers will post 4.54 EPS for the current year.

Regency Centers Increases Dividend

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

Insiders Place Their Bets

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the company’s stock in a transaction on Monday, November 10th. The stock was 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 directly owned 272,958 shares in the company, valued at approximately $19,112,519.16. This represents a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Regency Centers

A number of hedge funds have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. grew its holdings in Regency Centers by 63.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after acquiring an additional 157 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Regency Centers during the second quarter valued at approximately $31,000. Steigerwald Gordon & Koch Inc. purchased a new position in Regency Centers during the third quarter valued at approximately $33,000. MUFG Securities EMEA plc bought a new position in Regency Centers in the second quarter worth approximately $34,000. Finally, Financial Consulate Inc. purchased a new stake in Regency Centers during the third quarter worth $38,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Company Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.