Analysts Set Regency Centers Co. (NASDAQ:REG) Price Target at $76.10

Shares of Regency Centers Co. (NASDAQ:REG) have been given an average rating of “Moderate Buy” by the nine ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $76.20.

REG has been the subject of a number of analyst reports. Truist Financial raised their target price on shares of Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Mizuho raised their price objective on Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Raymond James upped their target price on Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a “buy” rating to a “hold” rating and increased their price objective for the company from $70.00 to $75.00 in a report on Thursday. Finally, Compass Point raised their price objective on Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th.

Regency Centers Stock Up 0.7 %

Shares of NASDAQ:REG opened at $71.45 on Monday. The company’s fifty day moving average is $70.81 and its 200-day moving average is $64.11. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. Regency Centers has a 52 week low of $56.29 and a 52 week high of $75.26. The company has a market capitalization of $13.20 billion, a PE ratio of 34.85, a P/E/G ratio of 4.52 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 analysts’ consensus estimates 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 the consensus estimate of $361.56 million. During the same quarter in the prior year, the company posted $1.03 EPS. Equities research analysts predict that Regency Centers will post 4.23 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Thursday, September 12th. Regency Centers’s payout ratio is 130.73%.

Insider Transactions at Regency Centers

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

Hedge Funds Weigh In On Regency Centers

A number of institutional investors have recently bought and sold shares of the stock. Fidelis Capital Partners LLC bought a new stake in Regency Centers during the first quarter valued at about $27,000. Quest Partners LLC raised its holdings in Regency Centers by 25,250.0% during the second quarter. Quest Partners LLC now owns 507 shares of the company’s stock valued at $32,000 after acquiring an additional 505 shares during the period. Family Firm Inc. purchased a new position in shares of Regency Centers during the second quarter valued at about $44,000. Blue Trust Inc. grew its position in Regency Centers by 582.1% in the second quarter. Blue Trust Inc. now owns 839 shares of the company’s stock worth $51,000 after acquiring an additional 716 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Regency Centers in the first quarter worth about $52,000. 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.