Regency Centers Corporation (NASDAQ:REG) Stock Now Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Analysts rate Regency Centers “Moderate Buy”: Eight analysts recommend buying, two rate it a strong buy, and eight advise holding. The average 12-month price target is $83.21, above the stock’s $71.71 opening price.
• Regency Centers reported quarterly EPS of $1.21, beating the $0.59 consensus estimate, while revenue of $413.51 million also exceeded expectations.
• The company declared a quarterly dividend of $0.755, equivalent to an annualized $3.02 payout and a 4.2% yield. Institutional investors own approximately 96.1% of the stock.

Shares of Regency Centers Corporation (NASDAQ:REG - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eighteen research firms that are presently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $83.21.

A number of brokerages have recently issued reports 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 on the stock in a report on Wednesday, August 19th. Morgan Stanley decreased their target price on shares of Regency Centers from $88.00 to $87.00 and set an "overweight" rating on the stock in a report on Monday, October 5th. Griffin Securities set a $81.00 target price on shares of Regency Centers in a report on Monday, September 21st. Jefferies Financial Group upgraded shares of Regency Centers to a "strong-buy" rating in a research note on Friday, June 26th. Finally, Barclays cut their price target on shares of Regency Centers from $92.00 to $85.00 and set an "overweight" rating for the company in a report on Monday, September 28th.

Regency Centers Price Performance

Shares of NASDAQ REG opened at $71.71 on Tuesday. The stock has a market cap of $13.13 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 4.32 and a beta of 0.80. Regency Centers has a fifty-two week low of $66.86 and a fifty-two week high of $83.66. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a fifty day moving average of $74.67 and a 200-day moving average of $77.42.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 prior year, the firm posted $1.16 EPS. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. Equities research analysts anticipate that Regency Centers will post 4.86 earnings per share for the current year.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were issued a $0.7550 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $3.02 annualized dividend and a dividend yield of 4.2%. Regency Centers's dividend payout ratio is presently 102.37%.

Institutional Investors Weigh In On Regency Centers

Several large investors have recently added to or reduced their stakes in REG. Wedmont Private Capital grew its position in Regency Centers by 35.8% during the third quarter. Wedmont Private Capital now owns 3,733 shares of the company's stock worth $267,000 after buying an additional 984 shares in the last quarter. Versant Capital Management Inc increased its stake in Regency Centers by 16.1% in the 3rd quarter. Versant Capital Management Inc now owns 4,604 shares of the company's stock worth $331,000 after acquiring an additional 638 shares during the last quarter. QRG Capital Management Inc. raised its holdings 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 acquiring an additional 3,555 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Regency Centers by 14.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,460 shares of the company's stock valued at $276,000 after acquiring an additional 427 shares in the last quarter. Finally, National Pension Service raised its holdings in shares of Regency Centers by 60.9% in the 2nd quarter. National Pension Service now owns 18,016 shares of the company's stock valued at $1,437,000 after acquiring an additional 6,821 shares in the last quarter. Institutional investors own 96.07% of the company's stock.

About Regency Centers

Regency Centers Corporation is a real estate investment trust that owns, operates, develops and redevelops shopping centers anchored by grocery stores. Its properties primarily serve established, affluent communities and are designed to provide convenient access to essential goods and services, including supermarkets, restaurants, health and wellness providers, and other neighborhood-oriented retailers.

The company's activities include leasing retail space, managing shopping-center properties, pursuing new development opportunities and enhancing existing centers through redevelopment.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.