Regency Centers Co. (NASDAQ:REG) Receives Average Recommendation of “Buy” from Analysts

Regency Centers Co. (NASDAQ:REG) has earned an average recommendation of “Buy” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $77.08.

A number of equities research analysts recently commented on REG shares. Wells Fargo & Company increased their price target on Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. BTIG Research increased their price target on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Compass Point increased their price target on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Raymond James increased their price target on Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Truist Financial increased their price target on Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, August 16th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. boosted its position in shares of Regency Centers by 6.3% in the third quarter. Franklin Resources Inc. now owns 278,647 shares of the company’s stock valued at $19,703,000 after acquiring an additional 16,617 shares during the period. Tidal Investments LLC lifted its stake in Regency Centers by 17.8% in the 3rd quarter. Tidal Investments LLC now owns 7,417 shares of the company’s stock worth $536,000 after purchasing an additional 1,120 shares in the last quarter. World Investment Advisors LLC bought a new position in Regency Centers in the 3rd quarter valued at $782,000. Sanctuary Advisors LLC grew its position in shares of Regency Centers by 26.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,817 shares of the company’s stock valued at $729,000 after purchasing an additional 2,042 shares in the last quarter. Finally, Unigestion Holding SA bought a new position in shares of Regency Centers in the third quarter worth $603,000. Institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $74.13 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. Regency Centers has a twelve month low of $56.51 and a twelve month high of $76.53. The stock’s 50 day moving average is $72.78 and its 200-day moving average is $68.65. The firm has a market capitalization of $13.45 billion, a price-to-earnings ratio of 34.80, a PEG ratio of 4.12 and a beta of 1.22.

Regency Centers (NASDAQ:REG) last issued 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 analyst estimates of $355.17 million. During the same period in the previous year, the company earned $1.02 earnings per share. Sell-side analysts forecast that Regency Centers will post 4.28 EPS for the current fiscal year.

Regency Centers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be paid a dividend of $0.705 per share. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date is Monday, December 16th. This represents a $2.82 annualized dividend and a dividend yield of 3.80%. Regency Centers’s dividend payout ratio is presently 132.39%.

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.