Regency Centers (NASDAQ:REG) Given New $80.00 Price Target at Mizuho

Regency Centers (NASDAQ:REG) had its price target raised by stock analysts at Mizuho from $78.00 to $80.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price target points to a potential upside of 14.04% from the company’s current price.

Other research analysts also recently issued reports about the stock. KeyCorp started coverage on shares of Regency Centers in a research report on Friday, October 25th. They issued an “overweight” rating and a $80.00 price target on the stock. Evercore ISI decreased their target price on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating and increased their price target for the stock from $70.00 to $75.00 in a research report on Thursday, September 26th. JPMorgan Chase & Co. boosted their price objective on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Finally, BTIG Research increased their target price 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Regency Centers Stock Performance

Shares of REG stock opened at $70.15 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $12.73 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 4.16 and a beta of 1.22. Regency Centers has a one year low of $56.51 and a one year high of $76.53. The company’s 50-day simple moving average is $73.80 and its 200-day simple moving average is $70.87.

Regency Centers (NASDAQ:REG) last issued its earnings results on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.50). The firm had revenue of $360.27 million during 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 in the previous year, the business posted $1.02 EPS. Equities analysts anticipate that Regency Centers will post 4.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Regency Centers

A number of institutional investors have recently added to or reduced their stakes in the company. Quest Partners LLC raised its stake in shares of Regency Centers by 25,250.0% in the 2nd quarter. Quest Partners LLC now owns 507 shares of the company’s stock worth $32,000 after buying an additional 505 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in 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 acquiring an additional 600 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Regency Centers by 126.5% in the 2nd 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 last quarter. Acadian Asset Management LLC bought a new position in shares of Regency Centers during the 2nd quarter valued at about $92,000. Finally, Brooklyn Investment Group acquired a new position in shares of Regency Centers in the 3rd quarter worth approximately $96,000. 96.07% of the stock is currently 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.