Regency Centers Corporation (NASDAQ:REG) Receives Consensus Rating of “Hold” from Analysts

Shares of Regency Centers Corporation (NASDAQ:REG) have been assigned an average recommendation of “Hold” from the fifteen research firms that are currently covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $78.4167.

Several equities analysts have commented on the stock. KeyCorp reissued a “sector weight” rating on shares of Regency Centers in a research report on Thursday, December 4th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $76.00 target price (down from $81.00) on shares of Regency Centers in a report on Thursday, December 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Regency Centers in a report on Monday, December 29th. Wall Street Zen raised Regency Centers from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. Finally, Barclays raised Regency Centers from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $83.00 to $82.00 in a research report on Tuesday, November 18th.

Regency Centers Stock Down 1.3%

Shares of NASDAQ:REG opened at $69.72 on Friday. The firm has a market capitalization of $12.75 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 2.61 and a beta of 0.93. Regency Centers has a 1 year low of $63.44 and a 1 year high of $78.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.20. The firm’s 50-day moving average is $69.38 and its two-hundred day moving average is $70.66.

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

Regency Centers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were issued a dividend of $0.755 per share. This is a boost from Regency Centers’s previous quarterly dividend of $0.71. The ex-dividend date was Monday, December 15th. This represents a $3.02 annualized dividend and a yield of 4.3%. Regency Centers’s dividend payout ratio (DPR) is presently 139.17%.

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 on Monday, November 10th. The shares were sold at an average price of $70.02, for a total value of $1,050,300.00. Following the sale, the chairman directly owned 272,958 shares in the company, valued at approximately $19,112,519.16. This trade represents a 5.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Regency Centers

Several large investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. raised its stake in Regency Centers by 63.1% in the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after buying an additional 157 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Regency Centers in the 2nd quarter valued at about $31,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Regency Centers in the 3rd quarter valued at about $33,000. MUFG Securities EMEA plc acquired a new stake in shares of Regency Centers during the 2nd quarter worth about $34,000. Finally, Financial Consulate Inc. purchased a new stake in Regency Centers during the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

About Regency Centers

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.