Regency Centers (NASDAQ:REG) Price Target Raised to $75.00

Regency Centers (NASDAQ:REG) had its price target boosted by Raymond James from $67.00 to $75.00 in a research report released on Friday morning, Benzinga reports. Raymond James currently has an outperform rating on the stock.

Several other equities research analysts also recently commented on the stock. Mizuho upgraded shares of Regency Centers from a neutral rating to an outperform rating and upped their price target for the company from $61.00 to $67.00 in a research report on Tuesday, July 9th. JPMorgan Chase & Co. increased their target price on Regency Centers from $71.00 to $77.00 and gave the company an overweight rating in a report on Thursday, August 8th. Truist Financial increased their price objective on Regency Centers from $70.00 to $78.00 and gave the stock a buy rating in a research note on Friday. Finally, Scotiabank dropped their target price on Regency Centers from $68.00 to $65.00 and set a sector perform rating on the stock in a report on Thursday, May 16th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Regency Centers currently has an average rating of Moderate Buy and a consensus price target of $72.33.

Regency Centers Stock Down 0.3 %

REG stock opened at $69.77 on Friday. The firm has a market cap of $12.66 billion, a PE ratio of 34.03, a P/E/G ratio of 4.39 and a beta of 1.21. Regency Centers has a 12 month low of $56.29 and a 12 month high of $71.30. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $64.77 and a 200 day simple moving average of $61.77.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.48). The company had revenue of $357.25 million for the quarter, compared to analyst estimates of $361.56 million. Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. During the same quarter last year, the company posted $1.03 EPS. Equities research analysts forecast that Regency Centers will post 4.23 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Thursday, September 12th. Regency Centers’s payout ratio is 130.73%.

Insider Buying and Selling

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the chairman now directly owns 307,199 shares in the company, valued at $21,503,930. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

Institutional Trading of Regency Centers

A number of hedge funds have recently bought and sold shares of REG. Capital Analysts LLC bought a new stake in shares of Regency Centers in the fourth quarter valued at about $27,000. Fidelis Capital Partners LLC bought a new stake in shares of Regency Centers in the 1st quarter worth approximately $27,000. Quest Partners LLC grew its holdings 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 worth $32,000 after purchasing an additional 505 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Regency Centers during the second quarter valued at approximately $44,000. Finally, Blue Trust Inc. raised its stake in shares of Regency Centers by 582.1% in the second quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after purchasing an additional 716 shares in the last quarter. 96.07% of the stock is owned by 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.