Mizuho Issues Positive Forecast for Regency Centers (NASDAQ:REG) Stock Price

Regency Centers (NASDAQ:REG) had its price target raised by investment analysts at Mizuho from $78.00 to $80.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price target would indicate a potential upside of 13.94% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Evercore ISI lowered their target price on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating and boosted their target price for the stock from $70.00 to $75.00 in a research report on Thursday, September 26th. JPMorgan Chase & Co. raised their price target on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, November 4th. KeyCorp initiated 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, BTIG Research increased their price objective on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $78.00.

Regency Centers Stock Up 0.1 %

Shares of NASDAQ REG traded up $0.05 during mid-day trading on Wednesday, reaching $70.21. The company had a trading volume of 173,458 shares, compared to its average volume of 676,269. The firm has a 50 day simple moving average of $73.88 and a two-hundred day simple moving average of $70.88. Regency Centers has a 52-week low of $56.51 and a 52-week high of $76.53. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65. The stock has a market cap of $12.74 billion, a P/E ratio of 32.96, a PEG ratio of 4.16 and a beta of 1.22.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data 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 return on equity of 5.85% and a net margin of 27.78%. The company had revenue of $360.27 million for the quarter, compared to analyst estimates of $355.17 million. During the same period in the previous year, the business posted $1.02 earnings per share. Sell-side analysts predict that Regency Centers will post 4.28 earnings per share for the current year.

Hedge Funds Weigh In On Regency Centers

Several institutional investors and hedge funds have recently bought and sold shares of REG. State Street Corp grew its stake in shares of Regency Centers by 1.1% during the 3rd quarter. State Street Corp now owns 11,768,052 shares of the company’s stock valued at $857,892,000 after buying an additional 131,300 shares during the period. JPMorgan Chase & Co. boosted its holdings in Regency Centers by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock valued at $801,056,000 after acquiring an additional 435,932 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Regency Centers by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,641,921 shares of the company’s stock valued at $164,327,000 after acquiring an additional 117,368 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Regency Centers by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,312,535 shares of the company’s stock worth $167,034,000 after acquiring an additional 71,278 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Regency Centers by 1,138.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company’s stock worth $149,932,000 after purchasing an additional 1,908,153 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.