Regency Centers (NASDAQ:REG) Cut to Hold at Mizuho

Mizuho downgraded shares of Regency Centers (NASDAQ:REG) from an outperform rating to a hold rating in a report published on Friday, Marketbeat reports. Mizuho currently has $74.00 price target on the stock.

Other equities research analysts also recently issued reports about the stock. Scotiabank increased their price objective on shares of Regency Centers from $76.00 to $78.00 and gave the company a “sector perform” rating in a research report on Thursday, November 13th. UBS Group set a $75.00 target price on shares of Regency Centers and gave the stock a “neutral” rating in a research note on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of Regency Centers in a research note on Monday, December 29th. Truist Financial decreased their price target on Regency Centers from $81.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, November 18th. Finally, Wells Fargo & Company increased their price objective on Regency Centers from $81.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $78.42.

Regency Centers Stock Down 1.3%

Regency Centers stock opened at $69.72 on Friday. The firm has a market capitalization of $12.75 billion, a P/E ratio of 32.13, a P/E/G ratio of 2.61 and a beta of 0.93. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.72. Regency Centers has a twelve month low of $63.44 and a twelve month high of $78.18. The stock’s fifty day simple moving average is $69.38 and its 200-day simple moving average is $70.67.

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

Regency Centers Increases Dividend

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

Insider Activity

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

Hedge Funds Weigh In On Regency Centers

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC raised its stake in shares of Regency Centers by 15.4% during the 1st quarter. AQR Capital Management LLC now owns 64,337 shares of the company’s stock worth $4,701,000 after buying an additional 8,563 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Regency Centers by 3.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company’s stock worth $1,099,000 after acquiring an additional 557 shares in the last quarter. Empowered Funds LLC raised its position in Regency Centers by 9.6% in the first quarter. Empowered Funds LLC now owns 5,856 shares of the company’s stock worth $432,000 after acquiring an additional 511 shares in the last quarter. Jane Street Group LLC lifted its holdings in Regency Centers by 81.5% in the first quarter. Jane Street Group LLC now owns 8,247 shares of the company’s stock valued at $608,000 after acquiring an additional 3,702 shares during the period. Finally, Intech Investment Management LLC boosted its position in shares of Regency Centers by 47.6% during the 1st quarter. Intech Investment Management LLC now owns 20,011 shares of the company’s stock worth $1,476,000 after purchasing an additional 6,451 shares in the last quarter. 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.