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

Regency Centers Corporation (NASDAQ:REG - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twelve ratings firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $78.3333.

Several research analysts have weighed in on the company. Truist Financial set a $81.00 target price on Regency Centers in a research note on Friday. Barclays started coverage on Regency Centers in a research note on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 price target on the stock. Wall Street Zen lowered Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Mizuho dropped their price objective on Regency Centers from $79.00 to $74.00 and set an "outperform" rating on the stock in a report on Thursday, July 17th. Finally, Robert W. Baird upped their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th.

Regency Centers Stock Performance

NASDAQ:REG traded down $0.09 during mid-day trading on Thursday, reaching $71.02. 1,118,802 shares of the stock were exchanged, compared to its average volume of 1,237,684. The company has a 50 day simple moving average of $70.95 and a 200-day simple moving average of $71.84. The stock has a market capitalization of $12.89 billion, a P/E ratio of 33.19, a P/E/G ratio of 3.40 and a beta of 1.05. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72. Regency Centers has a 1 year low of $63.44 and a 1 year high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.04. The firm had revenue of $369.85 million for the quarter, compared to the consensus estimate of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.06 EPS. Analysts anticipate that Regency Centers will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, September 11th. Regency Centers's payout ratio is 131.78%.

Insider Buying and Selling at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total value of $301,205.52. Following the completion of the transaction, the insider directly owned 33,069 shares in the company, valued at approximately $2,395,518.36. This represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Regency Centers

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Regency Centers during the second quarter worth about $1,219,335,000. State Street Corp boosted its position in shares of Regency Centers by 2.2% in the second quarter. State Street Corp now owns 12,035,961 shares of the company's stock worth $865,625,000 after buying an additional 262,551 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Regency Centers by 3.9% in the first quarter. JPMorgan Chase & Co. now owns 11,574,170 shares of the company's stock worth $853,711,000 after buying an additional 432,399 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Regency Centers by 1.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,440,384 shares of the company's stock worth $771,859,000 after buying an additional 171,047 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Regency Centers by 9.8% in the first quarter. Invesco Ltd. now owns 5,899,497 shares of the company's stock worth $435,147,000 after buying an additional 525,047 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.