Scotiabank Lowers Regency Centers (NASDAQ:REG) Price Target to $76.00

Regency Centers (NASDAQ:REG) had its price target dropped by equities researchers at Scotiabank from $78.00 to $76.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 8.80% from the company’s current price.

Several other brokerages have also commented on REG. Truist Financial cut their price objective on Regency Centers from $81.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, November 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Regency Centers in a report on Monday, December 29th. Argus upgraded shares of Regency Centers to a “strong-buy” rating in a research report on Wednesday, November 5th. Wall Street Zen upgraded shares of Regency Centers from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $76.00 target price (down previously from $81.00) on shares of Regency Centers in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $78.33.

Regency Centers Stock Down 0.1%

REG opened at $69.85 on Wednesday. The firm has a market capitalization of $12.78 billion, a P/E ratio of 32.19, a price-to-earnings-growth ratio of 2.62 and a beta of 0.93. Regency Centers has a one year low of $63.44 and a one year high of $78.18. The company has a fifty day moving average price of $69.45 and a 200-day moving average price of $70.65. 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 (NASDAQ:REG) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.15. The company had revenue of $387.57 million during the quarter, compared to analyst estimates of $374.83 million. Regency Centers had a return on equity of 6.14% and a net margin of 27.04%.During the same quarter last year, the company earned $1.07 earnings per share. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. Equities research analysts expect that Regency Centers will post 4.54 earnings per share for the current fiscal year.

Insider Activity at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the business’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 owned 272,958 shares of the company’s stock, valued at approximately $19,112,519.16. The trade was a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Regency Centers

A number of large investors have recently bought and sold shares of REG. AQR Capital Management LLC boosted its stake in shares of Regency Centers by 15.4% during the first quarter. AQR Capital Management LLC now owns 64,337 shares of the company’s stock valued at $4,701,000 after purchasing an additional 8,563 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Regency Centers by 3.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company’s stock valued at $1,099,000 after buying an additional 557 shares during the last quarter. Empowered Funds LLC boosted its position in Regency Centers by 9.6% during the 1st quarter. Empowered Funds LLC now owns 5,856 shares of the company’s stock valued at $432,000 after buying an additional 511 shares during the period. Jane Street Group LLC grew its holdings in Regency Centers by 81.5% in the 1st quarter. Jane Street Group LLC now owns 8,247 shares of the company’s stock worth $608,000 after acquiring an additional 3,702 shares during the last quarter. Finally, Intech Investment Management LLC increased its position in shares of Regency Centers by 47.6% in the first quarter. Intech Investment Management LLC now owns 20,011 shares of the company’s stock valued at $1,476,000 after acquiring an additional 6,451 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

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.