Regency Centers (NASDAQ:REG) Rating Lowered to Inline at Evercore ISI

Evercore ISI lowered shares of Regency Centers (NASDAQ:REG) from an outperform rating to an inline rating in a report published on Monday morning, Marketbeat Ratings reports. They currently have $75.00 target price on the stock, up from their prior target price of $72.00.

Several other equities analysts have also recently commented on the company. Mizuho boosted their target price on Regency Centers from $67.00 to $73.00 and gave the stock an outperform rating in a research report on Monday, August 19th. Truist Financial boosted their target price on shares of Regency Centers from $70.00 to $78.00 and gave the company a buy rating in a research note on Friday, August 16th. Raymond James increased their target price on shares of Regency Centers from $67.00 to $75.00 and gave the stock an outperform rating in a report on Friday, August 16th. JPMorgan Chase & Co. upped their target price on Regency Centers from $71.00 to $77.00 and gave the company an overweight rating in a research report on Thursday, August 8th. Finally, Compass Point boosted their price target on Regency Centers from $75.00 to $80.00 and gave the company a buy rating in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Regency Centers currently has a consensus rating of Moderate Buy and an average target price of $75.55.

Regency Centers Trading Down 1.7 %

REG stock opened at $72.13 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. Regency Centers has a twelve month low of $56.29 and a twelve month high of $75.26. The business has a fifty day moving average of $69.86 and a 200-day moving average of $63.59. The company has a market cap of $13.33 billion, a P/E ratio of 35.19, a PEG ratio of 4.63 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.48). Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. The company had revenue of $357.25 million during the quarter, compared to analyst estimates of $361.56 million. During the same quarter in the prior year, the firm earned $1.03 earnings per share. As a group, equities research analysts expect that Regency Centers will post 4.23 EPS for the current year.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $2.68 annualized dividend and a yield of 3.72%. Regency Centers’s payout ratio is presently 130.73%.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the transaction, the chairman now owns 307,199 shares of the company’s stock, valued at $21,503,930. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Michael R. Herman sold 1,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $69.57, for a total value of $69,570.00. Following the completion of the sale, the vice president now owns 13,010 shares of the company’s stock, valued at $905,105.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the transaction, the chairman now owns 307,199 shares in the company, valued at approximately $21,503,930. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Regency Centers

Institutional investors and hedge funds have recently made changes to their positions in the company. Principal Securities Inc. purchased a new stake in Regency Centers in the fourth quarter worth about $106,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Regency Centers in the 4th quarter worth approximately $237,000. Quadrant Capital Group LLC raised its stake in Regency Centers by 17.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,722 shares of the company’s stock worth $182,000 after acquiring an additional 405 shares during the period. Brown Advisory Inc. raised its stake in Regency Centers by 5.3% during the 4th quarter. Brown Advisory Inc. now owns 61,593 shares of the company’s stock worth $4,127,000 after acquiring an additional 3,100 shares during the period. Finally, ING Groep NV purchased a new position in Regency Centers during the fourth quarter valued at approximately $1,507,000. 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.