Regency Centers Corporation (NASDAQ:REG) Receives $78.67 Consensus Price Target from Brokerages

Regency Centers Corporation (NASDAQ:REG) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $78.6250.

Several analysts have weighed in on the company. Wall Street Zen raised Regency Centers from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Regency Centers in a research report on Wednesday, October 8th. Truist Financial lowered their target price on shares of Regency Centers from $81.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, November 18th. LADENBURG THALM/SH SH initiated coverage on shares of Regency Centers in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $76.00 price target for the company. Finally, Argus raised shares of Regency Centers to a “strong-buy” rating in a report on Wednesday, November 5th.

Insider Transactions at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the company’s stock in a transaction dated 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Regency Centers

A number of hedge funds have recently bought and sold shares of REG. Brown Brothers Harriman & Co. raised its stake in shares of 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 acquiring an additional 157 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Regency Centers during the 2nd quarter valued at $31,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Regency Centers during the 3rd quarter valued at $33,000. MUFG Securities EMEA plc purchased a new stake in Regency Centers during the second quarter valued at about $34,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Regency Centers by 42.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company’s stock valued at $37,000 after buying an additional 150 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

Shares of Regency Centers stock traded up $0.63 on Friday, reaching $71.89. The stock had a trading volume of 576,633 shares, compared to its average volume of 1,105,965. The business’s 50 day moving average is $70.96 and its two-hundred day moving average is $71.26. The company has a current ratio of 1.20, a quick ratio of 1.13 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 company has a market cap of $13.05 billion, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 2.87 and a beta of 1.07.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, meeting 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 during the quarter, compared to analysts’ expectations 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. As a group, research analysts anticipate 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 given a dividend of $0.755 per share. The ex-dividend date is Monday, December 15th. This is a positive change from Regency Centers’s previous quarterly dividend of $0.71. This represents a $3.02 dividend on an annualized basis and a yield of 4.2%. Regency Centers’s dividend payout ratio (DPR) is 139.17%.

About Regency Centers

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.