Regency Centers (NASDAQ:REG) Price Target Raised to $81.00

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 hoisted by equities researchers at Wells Fargo & Company from $79.00 to $81.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Wells Fargo & Company's target price indicates a potential upside of 11.72% from the company's current price.

REG has been the subject of a number of other reports. Mizuho lifted their price target 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. Barclays started coverage on shares of Regency Centers in a research report on Wednesday, July 2nd. They set an "equal weight" rating and a $77.00 price target for the company. Robert W. Baird raised their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Scotiabank reduced their price objective on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research note on Monday, May 12th. Finally, Evercore ISI raised their price objective on shares of Regency Centers from $79.00 to $80.00 and gave the company an "in-line" rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $79.00.

Regency Centers Stock Up 0.4%

NASDAQ REG traded up $0.29 during trading hours on Wednesday, reaching $72.50. 1,029,758 shares of the company's stock traded hands, compared to its average volume of 1,200,161. Regency Centers has a 52-week low of $63.44 and a 52-week high of $78.18. The firm has a market cap of $13.16 billion, a PE ratio of 33.88, a PEG ratio of 3.13 and a beta of 1.09. The firm has a 50-day simple moving average of $71.12 and a 200 day simple moving average of $71.74. 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 (NASDAQ:REG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $366.35 million. During the same period last year, the company posted $1.06 EPS. Regency Centers'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. Sell-side analysts anticipate that Regency Centers will post 4.54 EPS for the current fiscal year.

Institutional Trading of Regency Centers

A number of large investors have recently made changes to their positions in REG. Norges Bank bought a new stake in shares of Regency Centers in the second quarter worth approximately $1,219,335,000. Nuveen LLC bought a new stake in shares of Regency Centers in the first quarter worth approximately $182,926,000. Wellington Management Group LLP grew its stake in shares of Regency Centers by 2,846.0% in the first quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company's stock worth $92,659,000 after acquiring an additional 1,213,586 shares during the period. Northern Trust Corp grew its stake in shares of Regency Centers by 64.1% in the fourth quarter. Northern Trust Corp now owns 2,781,614 shares of the company's stock worth $205,645,000 after acquiring an additional 1,086,797 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Regency Centers by 63.5% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,521,633 shares of the company's stock worth $185,996,000 after acquiring an additional 979,126 shares during the period. 96.07% of the stock is currently owned by institutional investors.

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.