Regency Centers (NASDAQ:REG) Price Target Lowered to $80.00 at Wells Fargo & Company

Regency Centers (NASDAQ:REG) had its price target lowered by equities researchers at Wells Fargo & Company from $81.00 to $80.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 10.65% from the company’s current price.

Other equities analysts also recently issued reports about the company. Mizuho upped their price target on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. BTIG Research increased their target price on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. boosted their price target on shares of Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. KeyCorp started coverage on Regency Centers in a report on Friday, October 25th. They set an “overweight” rating and a $80.00 price objective on the stock. Finally, Robert W. Baird boosted their target price on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Regency Centers currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.

Regency Centers Stock Down 0.3 %

Regency Centers stock traded down $0.23 during trading on Wednesday, reaching $72.30. The stock had a trading volume of 146,805 shares, compared to its average volume of 878,726. Regency Centers has a 52-week low of $56.51 and a 52-week high of $76.53. The business has a 50 day moving average price of $73.26 and a 200 day moving average price of $71.84. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. The stock has a market cap of $13.12 billion, a PE ratio of 33.94, a P/E/G ratio of 3.68 and a beta of 1.22.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. The business had revenue of $360.27 million during the quarter, compared to analyst estimates of $355.17 million. During the same quarter in the prior year, the business earned $1.02 earnings per share. On average, analysts predict that Regency Centers will post 4.28 EPS for the current year.

Institutional Investors Weigh In On Regency Centers

A number of hedge funds have recently added to or reduced their stakes in REG. Newbridge Financial Services Group Inc. acquired a new stake in shares of Regency Centers in the fourth quarter valued at about $479,000. Empowered Funds LLC purchased a new position in Regency Centers in the fourth quarter valued at about $395,000. D Orazio & Associates Inc. acquired a new stake in shares of Regency Centers during the 4th quarter valued at approximately $200,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Regency Centers by 13.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 56,405 shares of the company’s stock worth $4,170,000 after acquiring an additional 6,684 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Regency Centers by 8.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 731,045 shares of the company’s stock worth $54,046,000 after acquiring an additional 57,020 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Company Profile

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.