Regency Centers (NASDAQ:REG) Given New $81.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo & Company has raised the price target for Regency Centers from $79.00 to $81.00, indicating a potential upside of 11.69% from its current price.
• Regency Centers reported a net margin of 27.00% and an EPS of $1.16, surpassing analyst estimates by $0.04 during its last quarterly earnings.
• Institutional investors now hold approximately 96.07% of Regency Centers' stock, with significant stakes being acquired by notable firms like Norges Bank and Wellington Management Group.

Regency Centers (NASDAQ:REG - Get Free Report) had its target price increased by investment analysts at Wells Fargo & Company from $79.00 to $81.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's price target suggests a potential upside of 11.69% from the company's current price.

Several other analysts also recently weighed in on REG. Mizuho lifted their price objective on shares of Regency Centers from $74.00 to $77.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Evercore ISI lifted their price objective on shares of Regency Centers from $79.00 to $80.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 30th. Wall Street Zen downgraded shares of Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Truist Financial lifted 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. Finally, Robert W. Baird boosted their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $78.75.

Regency Centers Trading Up 0.8%

NASDAQ REG opened at $72.52 on Wednesday. Regency Centers has a one year low of $63.44 and a one year high of $78.18. The company has a 50-day simple moving average of $71.03 and a 200-day simple moving average of $71.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $13.17 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 3.11 and a beta of 1.05.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $366.35 million. During the same period in the previous year, the business posted $1.06 EPS. The company's quarterly 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. On average, equities analysts forecast that Regency Centers will post 4.54 earnings per share for the current year.

Institutional Investors Weigh In On Regency Centers

Several institutional investors and hedge funds have recently bought and sold shares of REG. Norges Bank bought a new stake in Regency Centers in the 2nd quarter valued at $1,219,335,000. Nuveen LLC acquired a new position in Regency Centers during the 1st quarter valued at about $182,926,000. Wellington Management Group LLP lifted its position in Regency Centers by 2,846.0% during the 1st quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company's stock valued at $92,659,000 after purchasing an additional 1,213,586 shares during the period. Northern Trust Corp raised its position in shares of Regency Centers by 64.1% in the 4th quarter. Northern Trust Corp now owns 2,781,614 shares of the company's stock valued at $205,645,000 after acquiring an additional 1,086,797 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC raised its position in shares of 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 valued at $185,996,000 after acquiring an additional 979,126 shares during the period. Institutional investors own 96.07% of the company's stock.

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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