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

Key Points

• Regency Centers Corporation has received a consensus rating of "Moderate Buy" from analysts, with four holds, seven buys, and one strong buy recommendation.
• The average target price for Regency Centers' stock among brokers is $79.00, with some firms recently increasing their price targets.
• The company has declared a quarterly dividend of $0.705 per share, representing an annualized yield of 3.8%, despite a high dividend payout ratio of 131.78%.

Shares of Regency Centers Corporation (NASDAQ:REG - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $79.00.

A number of analysts have recently commented on REG shares. Wall Street Zen cut Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Wells Fargo & Company lifted their target price on Regency Centers from $79.00 to $81.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Scotiabank lifted their target price on Regency Centers from $75.00 to $76.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. Barclays raised their price target on Regency Centers from $77.00 to $79.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. Finally, Mizuho raised their price target on Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th.

Hedge Funds Weigh In On Regency Centers

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd grew its holdings in shares of Regency Centers by 42.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock worth $37,000 after buying an additional 150 shares during the last quarter. Atria Investments Inc boosted its holdings in Regency Centers by 3.3% in the 2nd quarter. Atria Investments Inc now owns 4,847 shares of the company's stock valued at $345,000 after purchasing an additional 156 shares in the last quarter. State of Wyoming boosted its holdings in Regency Centers by 11.3% in the 4th quarter. State of Wyoming now owns 1,543 shares of the company's stock valued at $114,000 after purchasing an additional 157 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Regency Centers by 1.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 9,627 shares of the company's stock valued at $710,000 after purchasing an additional 160 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Regency Centers by 12.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,437 shares of the company's stock valued at $102,000 after purchasing an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Regency Centers Stock Up 0.2%

REG opened at $73.68 on Monday. The business's 50-day simple moving average is $71.31 and its 200-day simple moving average is $71.74. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.13. Regency Centers has a one year low of $63.44 and a one year high of $78.18. The stock has a market capitalization of $13.38 billion, a P/E ratio of 34.43, a price-to-earnings-growth ratio of 3.18 and a beta of 1.09.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.04. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The business had revenue of $369.85 million for the quarter, compared to analysts' expectations of $366.35 million. During the same quarter in the previous year, the firm earned $1.06 earnings per share. The business's revenue was up 6.6% compared to the same quarter last year. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Analysts anticipate that Regency Centers will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a dividend of $0.705 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.8%. Regency Centers's dividend payout ratio (DPR) is currently 131.78%.

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.

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