Regency Centers (NASDAQ:REG) Raised to Strong-Buy at Argus

Regency Centers (NASDAQ:REG) was upgraded by analysts at Argus to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

REG has been the subject of several other reports. LADENBURG THALM/SH SH began coverage on Regency Centers in a report on Tuesday, September 9th. They set a “neutral” rating and a $76.00 price target for the company. Barclays raised their price objective on shares of Regency Centers from $79.00 to $83.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Evercore ISI lifted their target price on shares of Regency Centers from $76.00 to $77.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Truist Financial raised their price target on shares of Regency Centers from $79.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Regency Centers in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Regency Centers has an average rating of “Moderate Buy” and a consensus price target of $79.00.

Regency Centers Stock Up 1.5%

Shares of NASDAQ REG traded up $1.05 on Wednesday, reaching $69.77. 941,130 shares of the company’s stock traded hands, compared to its average volume of 1,106,321. The business’s 50 day simple moving average is $71.45 and its two-hundred day simple moving average is $71.46. Regency Centers has a 12 month low of $63.44 and a 12 month high of $78.18. The company has a market cap of $12.67 billion, a price-to-earnings ratio of 32.15, a price-to-earnings-growth ratio of 2.87 and a beta of 1.07. The company has a quick ratio of 1.13, a current ratio of 1.20 and a debt-to-equity ratio of 0.72.

Regency Centers (NASDAQ:REG) last posted 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. The company had revenue of $387.57 million for the quarter, compared to the consensus estimate 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 business posted $1.07 EPS. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. As a group, equities research analysts forecast that Regency Centers will post 4.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Regency Centers

Several hedge funds and other institutional investors have recently modified their holdings of REG. Norges Bank bought a new stake in shares of Regency Centers in the second quarter worth $1,219,335,000. Nuveen LLC purchased a new position in Regency Centers in the first quarter worth about $182,926,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Regency Centers during the 3rd 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 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 last quarter. Finally, Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of Regency Centers by 63.5% in 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 purchasing an additional 979,126 shares during the period. 96.07% of the stock is owned by institutional investors.

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.