BTIG Research Boosts Regency Centers (NASDAQ:REG) Price Target to $79.00

Regency Centers (NASDAQ:REG) had its target price hoisted by research analysts at BTIG Research from $72.00 to $79.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s target price suggests a potential upside of 4.07% from the company’s previous close.

A number of other equities research analysts have also weighed in on REG. Evercore ISI upgraded Regency Centers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Truist Financial increased their target price on Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. KeyCorp began coverage on Regency Centers in a research report on Friday, October 25th. They set an “overweight” rating and a $80.00 price target on the stock. Mizuho boosted their price target on Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Regency Centers from a “buy” rating to a “hold” rating and upped their target price for the stock from $70.00 to $75.00 in a research note on Thursday, September 26th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $77.08.

Regency Centers Stock Performance

Shares of NASDAQ REG opened at $75.91 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65. Regency Centers has a 1-year low of $56.51 and a 1-year high of $76.14. The stock has a market cap of $13.78 billion, a price-to-earnings ratio of 35.64, a P/E/G ratio of 4.08 and a beta of 1.21. The stock’s 50-day moving average is $72.42 and its 200 day moving average is $68.09.

Regency Centers (NASDAQ:REG) last posted its earnings results on Monday, October 28th. The company reported $0.54 earnings per share 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 analysts’ expectations of $355.17 million. During the same quarter in the prior year, the company posted $1.02 earnings per share. On average, sell-side analysts anticipate that Regency Centers will post 4.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Regency Centers

Large investors have recently added to or reduced their stakes in the company. Quest Partners LLC increased its stake in shares of Regency Centers by 25,250.0% in the second 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. purchased a new position in shares of Regency Centers in the second quarter valued at about $44,000. Blue Trust Inc. lifted its holdings in Regency Centers by 582.1% in the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock worth $51,000 after purchasing an additional 716 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Regency Centers by 300.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock worth $58,000 after acquiring an additional 600 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Regency Centers during the 2nd quarter valued at about $60,000. 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.