Regency Centers Corporation (NASDAQ:REG) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts rate Regency Centers “Moderate Buy.” Among 18 analysts, seven recommend buying, two strongly recommend buying and nine rate the stock a hold; the average 12-month price target is $83.76.
• Regency Centers reported quarterly EPS of $1.21, beating the $0.59 consensus estimate, while revenue of $413.51 million slightly exceeded expectations. Analysts project full-year EPS of approximately $4.86.
• The company declared a quarterly dividend of $0.755 per share, equivalent to an annualized $3.02 payout and a 4.1% yield. Institutional investors and hedge funds own 96.07% of the stock.

Shares of Regency Centers Corporation (NASDAQ:REG - Get Free Report) have earned an average rating of "Moderate Buy" from the eighteen analysts that are presently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $83.7647.

A number of analysts have weighed in on the company. Raymond James Financial reiterated an "outperform" rating and issued a $88.00 price target on shares of Regency Centers in a research report on Monday, June 29th. Evercore set a $83.00 target price on shares of Regency Centers in a research note on Thursday, July 30th. BTIG Research reaffirmed a "buy" rating and issued a $85.00 target price on shares of Regency Centers in a report on Friday, June 12th. Barclays increased their target price on shares of Regency Centers from $90.00 to $92.00 and gave the stock an "overweight" rating in a research report on Monday, August 17th. Finally, LADENBURG THALM/SH SH lifted their price target on shares of Regency Centers from $83.00 to $85.00 and gave the company a "neutral" rating in a report on Friday, July 31st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Inspire Investing LLC lifted its stake in Regency Centers by 0.6% during the first quarter. Inspire Investing LLC now owns 22,480 shares of the company's stock worth $1,701,000 after purchasing an additional 141 shares during the last quarter. Tema ETFs LLC increased its stake in shares of Regency Centers by 7.1% in the 2nd quarter. Tema ETFs LLC now owns 2,184 shares of the company's stock valued at $174,000 after purchasing an additional 145 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ increased its stake in shares of Regency Centers by 0.3% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 53,961 shares of the company's stock valued at $4,083,000 after purchasing an additional 168 shares during the last quarter. Somerset Trust Co increased its stake in shares of Regency Centers by 5.5% in the 2nd quarter. Somerset Trust Co now owns 3,422 shares of the company's stock valued at $273,000 after purchasing an additional 177 shares during the last quarter. Finally, New Mexico Educational Retirement Board raised its holdings in shares of Regency Centers by 2.7% during the 4th quarter. New Mexico Educational Retirement Board now owns 7,550 shares of the company's stock worth $521,000 after buying an additional 200 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Stock Down 0.2%

Shares of REG stock opened at $73.12 on Friday. The stock has a market cap of $13.39 billion, a P/E ratio of 24.79, a price-to-earnings-growth ratio of 4.35 and a beta of 0.79. Regency Centers has a one year low of $66.86 and a one year high of $83.66. The stock has a fifty day moving average price of $77.71 and a 200 day moving average price of $78.04. 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 (NASDAQ:REG - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.62. The company had revenue of $413.51 million for the quarter, compared to analyst estimates of $411.07 million. Regency Centers had a return on equity of 8.04% and a net margin of 34.38%.During the same period in the prior year, the company posted $1.16 EPS. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. Analysts predict that Regency Centers will post 4.86 earnings per share for the current year.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a dividend of $0.755 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.02 annualized dividend and a dividend yield of 4.1%. Regency Centers's dividend payout ratio (DPR) is presently 102.37%.

About Regency Centers

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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