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

Regency Centers (NASDAQ:REG) had its price objective decreased by analysts at Scotiabank from $78.00 to $76.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 8.97% from the company’s previous close.

A number of other equities research analysts also recently weighed in on REG. Wall Street Zen raised Regency Centers from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Morgan Stanley reiterated an “overweight” rating and issued a $85.00 price objective on shares of Regency Centers in a research note on Monday, January 5th. Truist Financial decreased their target price 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. Argus raised Regency Centers to a “strong-buy” rating in a research report on Wednesday, November 5th. Finally, UBS Group set a $76.00 price objective on Regency Centers in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $78.33.

Regency Centers Trading Down 0.3%

NASDAQ REG traded down $0.21 on Wednesday, hitting $69.75. 447,944 shares of the stock were exchanged, compared to its average volume of 1,173,102. The company’s 50-day moving average price is $69.42 and its two-hundred day moving average price is $70.66. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.20. Regency Centers has a 52-week low of $63.44 and a 52-week high of $78.18. The company has a market capitalization of $12.76 billion, a price-to-earnings ratio of 32.16, a P/E/G ratio of 2.63 and a beta of 0.93.

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

Insider Buying and Selling

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the 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 transaction, the chairman owned 272,958 shares of the company’s stock, valued at approximately $19,112,519.16. This represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Regency Centers

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in Regency Centers in the second quarter valued at $1,219,335,000. Massachusetts Financial Services Co. MA acquired a new stake in Regency Centers in the 3rd quarter valued at about $107,144,000. Amundi grew its holdings in Regency Centers by 91.4% during the second quarter. Amundi now owns 1,530,276 shares of the company’s stock worth $108,344,000 after purchasing an additional 730,730 shares during the period. Alyeska Investment Group L.P. acquired a new position in Regency Centers during the third quarter worth approximately $47,563,000. Finally, UBS Group AG increased its position in Regency Centers by 78.8% during the third quarter. UBS Group AG now owns 1,337,215 shares of the company’s stock worth $97,483,000 after buying an additional 589,327 shares during the last quarter. 96.07% of the stock is owned by 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.