Regency Centers Co. (NASDAQ:REG) Given Average Recommendation of “Buy” by Brokerages

Regency Centers Co. (NASDAQ:REG) has been given an average rating of “Buy” by the twelve analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $76.92.

A number of brokerages have recently issued reports on REG. Raymond James boosted their price target on shares of Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Compass Point boosted their target price on shares of Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Evercore ISI upgraded Regency Centers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Truist Financial boosted their price objective on Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Scotiabank boosted their price target on Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th.

Regency Centers Stock Performance

Shares of Regency Centers stock opened at $73.77 on Tuesday. The stock has a market cap of $13.39 billion, a price-to-earnings ratio of 34.63, a P/E/G ratio of 4.54 and a beta of 1.21. Regency Centers has a twelve month low of $56.51 and a twelve month high of $75.26. The company’s fifty day moving average is $72.38 and its 200 day moving average is $67.39. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.50). The company had revenue of $360.27 million during the quarter, compared to analyst estimates of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same period in the previous year, the company posted $1.02 EPS. Sell-side analysts forecast that Regency Centers will post 4.28 EPS for the current year.

Regency Centers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be given a $0.705 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.82 annualized dividend and a yield of 3.82%. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. Regency Centers’s payout ratio is currently 125.82%.

Institutional Investors Weigh In On Regency Centers

Large investors have recently made changes to their positions in the business. Quest Partners LLC raised its stake in shares of Regency Centers by 25,250.0% during the 2nd quarter. Quest Partners LLC now owns 507 shares of the company’s stock valued at $32,000 after purchasing an additional 505 shares during the period. Family Firm Inc. purchased a new stake in shares of Regency Centers in the second quarter worth about $44,000. Blue Trust Inc. lifted its holdings in shares of Regency Centers by 582.1% in the second quarter. Blue Trust Inc. now owns 839 shares of the company’s stock worth $51,000 after buying an additional 716 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Regency Centers in the first quarter valued at approximately $52,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in Regency Centers by 300.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock valued at $58,000 after acquiring an additional 600 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

About Regency Centers

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.