Regency Centers Corporation (NASDAQ:REG) Given Consensus Rating of “Hold” by Brokerages

Regency Centers Corporation (NASDAQ:REG) has earned an average recommendation of “Hold” from the fifteen research firms that are presently covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $78.3333.

Several brokerages have recently weighed in on REG. Scotiabank lowered their price target on shares of Regency Centers from $78.00 to $76.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Mizuho reaffirmed a “neutral” rating and set a $74.00 target price (down from $77.00) on shares of Regency Centers in a research note on Friday, January 9th. UBS Group set a $76.00 price target on shares of Regency Centers in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Regency Centers in a research report on Monday, December 29th. Finally, Royal Bank Of Canada upgraded Regency Centers to a “sector perform” rating in a research report on Friday, January 9th.

Insider Activity

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $70.02, for a total transaction of $1,050,300.00. Following the completion of the transaction, the chairman owned 272,958 shares in the company, valued at $19,112,519.16. The trade was a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Regency Centers

A number of hedge funds have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised its holdings in Regency Centers by 63.1% during the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 157 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Regency Centers in the second quarter valued at $31,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Regency Centers during the 3rd quarter worth $33,000. MUFG Securities EMEA plc purchased a new stake in shares of Regency Centers in the 2nd quarter worth about $34,000. Finally, Financial Consulate Inc. purchased a new stake in shares of Regency Centers in the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Performance

Shares of NASDAQ:REG traded up $1.62 on Friday, hitting $71.47. 1,472,090 shares of the company were exchanged, compared to its average volume of 1,074,460. The firm has a market capitalization of $13.07 billion, a P/E ratio of 32.94, a price-to-earnings-growth ratio of 2.67 and a beta of 0.93. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.72. Regency Centers has a 1-year low of $63.44 and a 1-year high of $78.18. The stock’s 50 day moving average price is $69.49 and its 200 day moving average price is $70.65.

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

Regency Centers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were issued a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.2%. This is an increase from Regency Centers’s previous quarterly dividend of $0.71. The ex-dividend date was Monday, December 15th. Regency Centers’s dividend payout ratio (DPR) is presently 139.17%.

About Regency Centers

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.