Regency Centers Co. (NASDAQ:REG) Receives $77.42 Average Price Target from Analysts

Regency Centers Co. (NASDAQ:REG) has received an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $77.42.

A number of equities research analysts recently commented on the company. Compass Point lifted their target price on Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their target price on shares of Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Evercore ISI cut their price target on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Robert W. Baird raised their target price on Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a “buy” rating to a “hold” rating and boosted their price target for the company from $70.00 to $75.00 in a report on Thursday, September 26th.

Regency Centers Trading Up 1.1 %

Regency Centers stock opened at $73.03 on Wednesday. Regency Centers has a one year low of $56.51 and a one year high of $76.53. The stock has a market cap of $13.25 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 4.16 and a beta of 1.22. 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 50-day moving average of $73.94 and a two-hundred day moving average of $70.63.

Regency Centers (NASDAQ:REG) last issued 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). The company had revenue of $360.27 million for the quarter, compared to analyst estimates of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same quarter in the previous year, the company posted $1.02 EPS. On average, research analysts anticipate that Regency Centers will post 4.28 EPS for the current fiscal year.

Regency Centers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 16th were paid a $0.705 dividend. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. This represents a $2.82 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend was Monday, December 16th. Regency Centers’s dividend payout ratio is currently 132.39%.

Institutional Trading of Regency Centers

Several large investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its holdings in shares of Regency Centers by 170.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 80,107 shares of the company’s stock worth $4,983,000 after acquiring an additional 50,444 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Regency Centers by 60.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,618 shares of the company’s stock valued at $2,091,000 after purchasing an additional 12,682 shares during the last quarter. Royal London Asset Management Ltd. grew its stake in shares of Regency Centers by 9.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 105,433 shares of the company’s stock valued at $7,615,000 after buying an additional 8,959 shares during the period. HighTower Advisors LLC increased its holdings in shares of Regency Centers by 47.3% during the 3rd quarter. HighTower Advisors LLC now owns 29,342 shares of the company’s stock worth $2,121,000 after buying an additional 9,424 shares during the last quarter. Finally, Trustmark National Bank Trust Department acquired a new position in Regency Centers in the third quarter valued at approximately $719,000. 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.