LADENBURG THALM/SH SH Begins Coverage on Regency Centers (NASDAQ:REG)

Key Points

• Analysts at LADENBURG THALM/SH SH have initiated coverage on Regency Centers (NASDAQ:REG) with a "neutral" rating and a price target of $76.00, indicating a potential upside of 4% from the previous close.
• The average rating for Regency Centers is currently a "Moderate Buy" with an average price target of $78.77, reflecting favorable outlooks from multiple analysts despite a recent downgrade from Wall Street Zen.
• In the latest quarterly results, Regency Centers reported a $1.16 earnings per share, exceeding estimates, and a revenue of $369.85 million, which marks a 6.6% increase year-over-year.

Equities research analysts at LADENBURG THALM/SH SH began coverage on shares of Regency Centers (NASDAQ:REG - Get Free Report) in a research report issued on Tuesday, MarketBeat Ratings reports. The firm set a "neutral" rating and a $76.00 price target on the stock. LADENBURG THALM/SH SH's price target would indicate a potential upside of 6.53% from the stock's previous close.

Several other equities analysts also recently issued reports on REG. Truist Financial boosted their price target on shares of Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a report on Friday, August 15th. Wells Fargo & Company boosted 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. Scotiabank boosted their price target on shares of Regency Centers from $75.00 to $76.00 and gave the company a "sector perform" rating in a report on Thursday, August 28th. Wall Street Zen downgraded shares of Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Finally, Evercore ISI lifted 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 research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $78.67.

Regency Centers Stock Performance

Shares of REG traded down $0.90 during midday trading on Tuesday, hitting $71.34. 1,193,470 shares of the stock traded hands, compared to its average volume of 1,106,322. Regency Centers has a 1-year low of $63.44 and a 1-year high of $78.18. The firm has a market capitalization of $12.95 billion, a PE ratio of 33.34, a price-to-earnings-growth ratio of 3.12 and a beta of 1.09. 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 business's 50 day moving average price is $71.42 and its two-hundred day moving average price is $71.73.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share (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 company had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. During the same quarter in the previous year, the company posted $1.06 earnings per share. The company'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. Equities research analysts predict that Regency Centers will post 4.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Regency Centers

Several hedge funds and other institutional investors have recently bought and sold shares of REG. Norges Bank bought a new stake in Regency Centers in the second quarter worth about $1,219,335,000. Nuveen LLC bought a new stake in Regency Centers in the first quarter worth about $182,926,000. Wellington Management Group LLP raised its position in 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 in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position in 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 in the last quarter. Finally, Amundi raised its position in Regency Centers by 91.4% in the second quarter. Amundi now owns 1,530,276 shares of the company's stock worth $108,344,000 after acquiring an additional 730,730 shares in the last quarter. 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.