Regency Centers (NASDAQ:REG) Coverage Initiated by Analysts at KeyCorp

Analysts at KeyCorp began coverage on shares of Regency Centers (NASDAQ:REG) in a note issued to investors on Friday, Marketbeat reports. The firm set an “overweight” rating and a $80.00 price target on the stock. KeyCorp’s target price suggests a potential upside of 12.66% from the company’s previous close.

A number of other analysts have also recently weighed in on the company. Compass Point increased their price objective on Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Wells Fargo & Company lifted their price objective on shares of Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and boosted their price objective for the company from $70.00 to $75.00 in a research note on Thursday, September 26th. Raymond James raised their target price on shares of Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Finally, Scotiabank boosted their price target on shares of Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Regency Centers has a consensus rating of “Moderate Buy” and an average price target of $76.55.

Regency Centers Price Performance

REG stock opened at $71.01 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $13.12 billion, a P/E ratio of 34.64, a PEG ratio of 4.48 and a beta of 1.21. The business has a 50 day simple moving average of $72.03 and a 200-day simple moving average of $65.72. Regency Centers has a twelve month low of $56.51 and a twelve month high of $75.26.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.48). Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. The business had revenue of $357.25 million for the quarter, compared to analysts’ expectations of $361.56 million. During the same period in the previous year, the business posted $1.03 earnings per share. As a group, equities analysts anticipate that Regency Centers will post 4.24 EPS for the current year.

Insider Buying and Selling

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the sale, the chairman now owns 307,199 shares in the company, valued at approximately $21,503,930. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the firm’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 sale, the chairman now directly owns 307,199 shares of the company’s stock, valued at $21,503,930. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the sale, the vice president now owns 13,010 shares of the company’s stock, valued at approximately $905,105.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its position in shares of Regency Centers by 3.3% in the second quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock valued at $295,000 after purchasing an additional 152 shares during the period. Azzad Asset Management Inc. ADV increased its stake in shares of Regency Centers by 4.3% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 4,543 shares of the company’s stock valued at $328,000 after acquiring an additional 189 shares during the last quarter. Tectonic Advisors LLC lifted its holdings in shares of Regency Centers by 3.0% during the 3rd quarter. Tectonic Advisors LLC now owns 6,941 shares of the company’s stock worth $501,000 after acquiring an additional 203 shares during the period. Naviter Wealth LLC boosted its position in shares of Regency Centers by 2.0% in the first quarter. Naviter Wealth LLC now owns 10,901 shares of the company’s stock worth $667,000 after acquiring an additional 218 shares during the last quarter. Finally, Greenleaf Trust grew its holdings in Regency Centers by 5.5% in the third quarter. Greenleaf Trust now owns 4,563 shares of the company’s stock valued at $330,000 after purchasing an additional 238 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.