Regency Centers Corporation (NASDAQ:REG) Given Average Rating of “Moderate Buy” by Analysts

Regency Centers Corporation (NASDAQ:REG) has received a consensus recommendation of “Moderate Buy” from the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $78.6667.

A number of equities analysts have recently weighed in on REG shares. Jefferies Financial Group set a $79.00 price objective on Regency Centers in a research note on Monday. Mizuho boosted their price target on Regency Centers from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. UBS Group downgraded Regency Centers from a “hold” rating to a “sell” rating in a research note on Thursday, December 4th. Truist Financial reduced their price objective on shares of Regency Centers from $81.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. Finally, Wall Street Zen raised shares of Regency Centers from a “sell” rating to a “hold” rating in a report on Saturday, October 4th.

Insider Activity at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $70.02, for a total transaction of $1,050,300.00. Following the completion of the transaction, the chairman owned 272,958 shares in the company, valued at $19,112,519.16. This trade represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Regency Centers

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Regency Centers during the 2nd quarter valued at approximately $1,219,335,000. State Street Corp boosted its position in shares of Regency Centers by 3.1% during the 3rd quarter. State Street Corp now owns 12,403,992 shares of the company’s stock valued at $912,739,000 after acquiring an additional 368,031 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 65,719 shares in the last quarter. Boston Partners increased its position in Regency Centers by 2.1% in the third quarter. Boston Partners now owns 3,540,137 shares of the company’s stock worth $258,062,000 after purchasing an additional 72,584 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Regency Centers by 3.1% during the first quarter. Northern Trust Corp now owns 2,868,692 shares of the company’s stock valued at $211,595,000 after purchasing an additional 87,078 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Regency Centers Stock Down 1.6%

Shares of REG stock opened at $67.16 on Wednesday. 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 one year low of $63.44 and a one year high of $78.18. The company’s fifty day moving average price is $70.22 and its 200-day moving average price is $70.93. The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of 30.95, a PEG ratio of 2.65 and a beta of 0.93.

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

Regency Centers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be paid a $0.755 dividend. This represents a $3.02 annualized dividend and a yield of 4.5%. The ex-dividend date is Monday, December 15th. This is an increase from Regency Centers’s previous quarterly dividend of $0.71. Regency Centers’s dividend payout ratio is presently 139.17%.

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.