Regency Centers (NASDAQ:REG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Regency Centers (NASDAQ:REG) had its price objective increased by research analysts at Wells Fargo & Company from $81.00 to $82.00 in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 12.95% from the company’s previous close.

A number of other brokerages have also recently weighed in on REG. Robert W. Baird upped their price target on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Wall Street Zen raised Regency Centers from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Mizuho boosted their price objective on Regency Centers from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Evercore ISI boosted their price objective on Regency Centers from $76.00 to $77.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Finally, Truist Financial boosted their price objective on Regency Centers from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.18.

Regency Centers Stock Performance

Shares of NASDAQ:REG opened at $72.60 on Tuesday. The business’s fifty day moving average price is $71.74 and its two-hundred day moving average price is $71.35. Regency Centers has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The stock has a market capitalization of $13.18 billion, a price-to-earnings ratio of 33.93, a price-to-earnings-growth ratio of 2.99 and a beta of 1.09. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.13 and a quick ratio of 1.13.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The firm had revenue of $369.85 million for the quarter, compared to analysts’ expectations of $366.35 million. During the same period in the prior year, the business posted $1.06 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. As a group, analysts predict that Regency Centers will post 4.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Regency Centers

Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Regency Centers in the second quarter valued at about $1,219,335,000. State Street Corp boosted its holdings in Regency Centers by 2.2% in the second quarter. State Street Corp now owns 12,035,961 shares of the company’s stock valued at $865,625,000 after acquiring an additional 262,551 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Regency Centers by 3.9% in the first quarter. JPMorgan Chase & Co. now owns 11,574,170 shares of the company’s stock valued at $853,711,000 after acquiring an additional 432,399 shares during the last quarter. Invesco Ltd. boosted its holdings in Regency Centers by 9.8% in the first quarter. Invesco Ltd. now owns 5,899,497 shares of the company’s stock valued at $435,147,000 after acquiring an additional 525,047 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Regency Centers by 1.4% in the second quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock valued at $339,669,000 after acquiring an additional 65,719 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

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.