Regency Centers (NASDAQ:REG) Price Target Raised to $82.00

Key Points

• Wells Fargo & Company has initiated coverage of Regency Centers (NASDAQ:REG) with an "overweight" rating and set a price target of $82.00, indicating a potential upside of 13.56% from the current stock price.
• Other analysts have also provided varied ratings, with Wall Street Zen upgrading the stock from "sell" to "hold," while Barclays set a new price target of $83.00.
• Regency Centers reported earnings of $1.16 per share for its last quarter, exceeding estimates and marking a 6.6% year-over-year revenue increase.

Regency Centers (NASDAQ:REG - Get Free Report) had its target price upped by stock analysts at Wells Fargo & Company from $81.00 to $82.00 in a report released on Tuesday, Marketbeat reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's target price suggests a potential upside of 13.57% from the company's previous close.

A number of other equities research analysts have also weighed in on the stock. Barclays upped their target price on shares of Regency Centers from $79.00 to $83.00 and gave the stock an "equal weight" rating in a report on Monday, October 6th. Truist Financial upped their target price on shares of Regency Centers from $79.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Regency Centers in a research note on Wednesday, October 8th. Scotiabank increased their price objective on shares of Regency Centers from $75.00 to $76.00 and gave the company a "sector perform" rating in a research note on Thursday, August 28th. Finally, Mizuho increased their price objective on shares of Regency Centers from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $79.18.

Regency Centers Price Performance

REG stock opened at $72.21 on Tuesday. The stock has a market capitalization of $13.11 billion, a PE ratio of 33.74, a price-to-earnings-growth ratio of 2.99 and a beta of 1.09. The company's 50-day moving average is $71.72 and its 200-day moving average is $71.34. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.13 and a quick ratio of 1.13. 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 data 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. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The company had revenue of $369.85 million for the quarter, compared to analysts' expectations of $366.35 million. During the same quarter in the prior year, the firm earned $1.06 EPS. The business's revenue was up 6.6% on a year-over-year basis. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Equities research analysts expect that Regency Centers will post 4.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Regency Centers

Several large investors have recently modified their holdings of REG. Norges Bank bought a new position in Regency Centers in the 2nd quarter worth approximately $1,219,335,000. Nuveen LLC bought a new position in Regency Centers in the 1st quarter worth approximately $182,926,000. Wellington Management Group LLP boosted its holdings in Regency Centers by 2,846.0% in the 1st quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company's stock worth $92,659,000 after buying an additional 1,213,586 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its holdings in Regency Centers by 63.5% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,521,633 shares of the company's stock worth $185,996,000 after buying an additional 979,126 shares during the period. Finally, Amundi boosted its holdings in Regency Centers by 91.4% in the 2nd quarter. Amundi now owns 1,530,276 shares of the company's stock worth $108,344,000 after buying an additional 730,730 shares during the period. Hedge funds and other institutional investors own 96.07% of the company's stock.

About Regency Centers

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.