Regency Centers (NASDAQ:REG) Upgraded to "Hold" at Scotiabank

Key Points

• Scotiabank upgraded Regency Centers to “Hold”, while analysts overall maintain a “Moderate Buy” consensus with an average price target of $83.76.
• Regency Centers shares opened at $72.95, below their 50-day and 200-day moving averages, with a market capitalization of approximately $13.36 billion.
• The company reported quarterly earnings of $1.21 per share, exceeding the $0.59 analyst consensus, and revenue of $413.51 million, slightly above estimates.

Regency Centers (NASDAQ:REG - Get Free Report) was upgraded by investment analysts at Scotiabank to a "hold" rating in a note issued to investors on Thursday, Zacks reports.

Several other research firms have also recently weighed in on REG. BTIG Research reaffirmed a "buy" rating and set a $85.00 price objective on shares of Regency Centers in a research report on Friday, June 12th. Barclays increased their price objective on Regency Centers from $90.00 to $92.00 and gave the stock an "overweight" rating in a report on Monday, August 17th. Wells Fargo & Company dropped their target price on Regency Centers from $90.00 to $88.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 19th. Evercore set a $83.00 target price on Regency Centers in a research note on Thursday, July 30th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $88.00 price target on shares of Regency Centers in a research report on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Regency Centers has an average rating of "Moderate Buy" and an average price target of $83.76.

Regency Centers Trading Down 0.2%

Shares of NASDAQ:REG opened at $72.95 on Thursday. The firm has a market cap of $13.36 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 4.34 and a beta of 0.79. Regency Centers has a 12 month low of $66.86 and a 12 month high of $83.66. The company's fifty day simple moving average is $77.58 and its 200 day simple moving average is $78.00. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.71.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.62. The firm had revenue of $413.51 million during the quarter, compared to analyst estimates of $411.07 million. Regency Centers had a net margin of 34.38% and a return on equity of 8.04%. During the same period in the prior year, the business earned $1.16 EPS. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. As a group, research analysts forecast that Regency Centers will post 4.86 EPS for the current fiscal year.

Institutional Trading of Regency Centers

A number of hedge funds and other institutional investors have recently modified their holdings of REG. Havemeyer Place LP bought a new position in Regency Centers in the fourth quarter valued at approximately $26,000. Hantz Financial Services Inc. raised its stake in shares of Regency Centers by 388.9% during the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company's stock worth $30,000 after purchasing an additional 350 shares in the last quarter. Elevation Wealth Partners LLC boosted its holdings in shares of Regency Centers by 541.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 481 shares of the company's stock valued at $38,000 after buying an additional 406 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Regency Centers by 56.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 571 shares of the company's stock valued at $39,000 after buying an additional 205 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in shares of Regency Centers by 528.6% in the fourth quarter. IFP Advisors Inc now owns 572 shares of the company's stock valued at $39,000 after buying an additional 481 shares in the last quarter. Institutional investors and hedge funds 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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