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

Key Points

• Mizuho cut its price target for Regency Centers from $82 to $76 while maintaining a “neutral” rating, implying roughly 4.4% upside from the reported $72.80 share price.
• Analyst sentiment remains moderately positive overall: MarketBeat reports a consensus rating of “Moderate Buy” and an average price target of $84.05, despite varied ratings and targets from other brokerages.
• Regency Centers exceeded quarterly earnings expectations, reporting $1.21 in adjusted EPS versus a $0.59 consensus estimate and $413.51 million in revenue; institutional investors own approximately 96.07% of the stock.

Regency Centers (NASDAQ:REG - Get Free Report) had its target price cut by stock analysts at Mizuho from $82.00 to $76.00 in a report released on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the stock. Mizuho's price target would suggest a potential upside of 4.40% from the company's current price.

Several other brokerages have also recently weighed in on REG. Wells Fargo & Company lowered their price target on shares of Regency Centers from $90.00 to $88.00 and set an "overweight" rating for the company in a research report on Wednesday, August 19th. Argus set a $85.00 price objective on shares of Regency Centers in a report on Monday, August 10th. JPMorgan Chase & Co. raised shares of Regency Centers from a "neutral" rating to an "overweight" rating and set a $83.00 price objective for the company in a research note on Thursday. Jefferies Financial Group raised Regency Centers to a "strong-buy" rating in a research report on Friday, June 26th. Finally, LADENBURG THALM/SH SH lifted their price target on Regency Centers from $83.00 to $85.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Regency Centers has an average rating of "Moderate Buy" and a consensus price target of $84.05.

Regency Centers Price Performance

NASDAQ:REG traded up $0.07 during trading hours on Thursday, hitting $72.80. The company's stock had a trading volume of 616,119 shares, compared to its average volume of 1,397,054. The stock has a fifty day simple moving average of $77.15 and a 200-day simple moving average of $77.85. The company has a market capitalization of $13.33 billion, a P/E ratio of 24.67, a PEG ratio of 4.37 and a beta of 0.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 1.25. Regency Centers has a twelve month low of $66.86 and a twelve month high of $83.66.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.62. Regency Centers had a return on equity of 8.04% and a net margin of 34.38%.The business had revenue of $413.51 million for the quarter, compared to analysts' expectations of $411.07 million. During the same quarter in the previous year, the firm earned $1.16 earnings per share. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. On average, analysts anticipate that Regency Centers will post 4.86 EPS for the current fiscal year.

Hedge Funds Weigh In On Regency Centers

Several institutional investors have recently modified their holdings of REG. QRG Capital Management Inc. increased its position in shares of Regency Centers by 12.3% in the 2nd quarter. QRG Capital Management Inc. now owns 32,472 shares of the company's stock valued at $2,589,000 after buying an additional 3,555 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Regency Centers by 14.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,460 shares of the company's stock worth $276,000 after purchasing an additional 427 shares during the period. National Pension Service lifted its stake in Regency Centers by 60.9% in the 2nd quarter. National Pension Service now owns 18,016 shares of the company's stock worth $1,437,000 after purchasing an additional 6,821 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Regency Centers in the second quarter worth about $901,000. Finally, Engineers Gate Manager LP boosted its stake in Regency Centers by 1,368.4% during the second quarter. Engineers Gate Manager LP now owns 56,594 shares of the company's stock valued at $4,513,000 after buying an additional 52,740 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Regency Centers Company Profile

Regency Centers Corporation NASDAQ: REG is a self-administered and self-managed real estate investment trust that owns, operates, develops and redevelops retail properties in the United States. The company primarily focuses on high-quality, grocery-anchored shopping centers designed to serve the daily needs of surrounding communities.

Regency's properties typically include supermarkets, restaurants, specialty retailers, service providers and other complementary tenants. Its activities include leasing and managing shopping centers, pursuing redevelopment opportunities and developing new retail properties in established, attractive trade areas.

Headquartered in Jacksonville, Florida, Regency Centers traces its roots to 1963 and serves communities across major metropolitan areas in the United States.

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