Evercore ISI Has Lowered Expectations for Regency Centers (NASDAQ:REG) Stock Price

Regency Centers (NASDAQ:REG) had its price target reduced by research analysts at Evercore ISI from $78.00 to $77.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s target price points to a potential upside of 4.41% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. KeyCorp assumed coverage on shares of Regency Centers in a research note on Friday, October 25th. They set an “overweight” rating and a $80.00 price objective for the company. BTIG Research boosted their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating and lifted their target price for the company from $70.00 to $75.00 in a report on Thursday, September 26th. JPMorgan Chase & Co. lifted their price objective on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $77.42.

Regency Centers Stock Performance

Shares of REG opened at $73.75 on Tuesday. Regency Centers has a 12-month low of $56.51 and a 12-month high of $76.53. The stock has a market cap of $13.39 billion, a P/E ratio of 34.62, a PEG ratio of 4.16 and a beta of 1.22. 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 company has a 50-day moving average of $73.60 and a two-hundred day moving average of $69.96.

Regency Centers (NASDAQ:REG) last announced its earnings results on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). The firm had revenue of $360.27 million for the quarter, compared to analyst estimates of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same quarter last year, the business posted $1.02 EPS. As a group, research analysts predict that Regency Centers will post 4.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quest Partners LLC lifted its position in shares of Regency Centers by 25,250.0% in the second quarter. Quest Partners LLC now owns 507 shares of the company’s stock worth $32,000 after buying an additional 505 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Regency Centers by 300.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock worth $58,000 after purchasing an additional 600 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in Regency Centers in the 2nd quarter worth approximately $60,000. Federated Hermes Inc. boosted its position in shares of Regency Centers by 126.5% in the second quarter. Federated Hermes Inc. now owns 1,008 shares of the company’s stock valued at $63,000 after acquiring an additional 563 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in Regency Centers in the 2nd quarter valued at $92,000. 96.07% of the stock is owned by institutional investors and hedge funds.

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.