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

Regency Centers (NASDAQ:REG) had its price objective lowered by stock analysts at Evercore ISI from $78.00 to $77.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s price target suggests a potential upside of 3.36% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and lifted their price target for the company from $70.00 to $75.00 in a research report on Thursday, September 26th. Scotiabank boosted their price target on shares of Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Robert W. Baird increased their price objective on shares of Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Compass Point boosted their target price on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.42.

Regency Centers Price Performance

Regency Centers stock opened at $74.50 on Tuesday. 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 price of $73.70 and a 200 day moving average price of $70.08. 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 $13.52 billion, a P/E ratio of 34.98, a PEG ratio of 4.16 and a beta of 1.22.

Regency Centers (NASDAQ:REG) last announced its quarterly 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). Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. The firm had revenue of $360.27 million for the quarter, compared to analyst estimates of $355.17 million. During the same quarter in the prior year, the business earned $1.02 EPS. Sell-side analysts anticipate that Regency Centers will post 4.28 earnings per share for the current year.

Hedge Funds Weigh In On Regency Centers

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quest Partners LLC lifted its position 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 during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Regency Centers by 300.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock valued at $58,000 after buying an additional 600 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Regency Centers during the 2nd quarter worth about $60,000. Federated Hermes Inc. boosted its position in shares of Regency Centers by 126.5% during the 2nd quarter. Federated Hermes Inc. now owns 1,008 shares of the company’s stock worth $63,000 after acquiring an additional 563 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Regency Centers during the 3rd quarter worth about $96,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.