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 eleven analysts, with a target price averaging around $78.73.
• The company reported $1.16 EPS for the last quarter, surpassing analysts' expectations, and experienced a 6.6% increase in revenue compared to the previous year.
• Regency Centers recently declared a quarterly dividend of $0.705, resulting in an annualized yield of 3.9% despite a high payout ratio of 131.78%.

Shares of Regency Centers Corporation (NASDAQ:REG - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven analysts that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $78.7273.

A number of research firms have recently commented on REG. Truist Financial boosted their target price on shares of Regency Centers from $79.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Robert W. Baird boosted their target price on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Barclays boosted their target price on shares of Regency Centers from $77.00 to $79.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. Mizuho upped their price target on shares of Regency Centers from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Finally, Wells Fargo & Company upped their price target on shares of Regency Centers from $79.00 to $81.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th.

Regency Centers Price Performance

REG opened at $71.88 on Friday. The company's 50 day simple moving average is $71.79 and its 200 day simple moving average is $71.41. 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 1 year low of $63.44 and a 1 year high of $78.18. The stock has a market capitalization of $13.05 billion, a PE ratio of 33.59, a P/E/G ratio of 3.11 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 net margin of 27.00% and a return on equity of 6.05%. The business had revenue of $369.85 million for the quarter, compared to analysts' expectations of $366.35 million. During the same period in the previous year, the company posted $1.06 earnings per share. The business's revenue for the quarter 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. As a group, sell-side analysts expect that Regency Centers will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a $0.705 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $2.82 annualized dividend and a yield of 3.9%. Regency Centers's dividend payout ratio is currently 131.78%.

Institutional Trading of Regency Centers

Institutional investors have recently added to or reduced their stakes in the stock. Wayfinding Financial LLC bought a new position in shares of Regency Centers during the first quarter worth about $25,000. CYBER HORNET ETFs LLC bought a new position in shares of Regency Centers during the second quarter worth about $31,000. MUFG Securities EMEA plc bought a new position in shares of Regency Centers during the second quarter worth about $34,000. Caitong International Asset Management Co. Ltd grew its position 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 acquiring an additional 150 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in Regency Centers in the 1st quarter valued at about $40,000. 96.07% of the stock is 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.

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