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.

Investment analysts at LADENBURG THALM/SH SH assumed coverage on shares of Regency Centers (NASDAQ:REG - Get Free Report) in a report released 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 target price would indicate a potential upside of 6.53% from the stock's current price.

A number of other brokerages also recently weighed in on REG. Scotiabank upped 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. Barclays upped their price target on shares of Regency Centers from $77.00 to $79.00 and gave the company an "equal weight" rating in a report on Wednesday, August 27th. Mizuho boosted their price objective on Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Wells Fargo & Company boosted their price objective on Regency Centers from $79.00 to $81.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Finally, Robert W. Baird boosted their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Regency Centers currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.67.

Regency Centers Price Performance

NASDAQ REG traded down $0.90 on Tuesday, reaching $71.34. The company's stock had a trading volume of 1,193,470 shares, compared to its average volume of 1,058,824. Regency Centers has a twelve month low of $63.44 and a twelve month high of $78.18. 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 stock has a market cap of $12.95 billion, a PE ratio of 33.34, a PEG ratio of 3.12 and a beta of 1.09. The firm's 50 day moving average is $71.43 and its two-hundred day moving average is $71.68.

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 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 the consensus estimate of $366.35 million. During the same period in the prior year, the company earned $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. As a group, sell-side analysts predict that Regency Centers will post 4.54 EPS for the current year.

Hedge Funds Weigh In On Regency Centers

Large investors have recently made changes to their positions in the business. Wayfinding Financial LLC acquired a new position in shares of Regency Centers in the 1st quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new position in shares of Regency Centers in the 4th quarter valued at about $26,000. CYBER HORNET ETFs LLC acquired a new position in shares of Regency Centers in the 2nd quarter valued at about $31,000. MUFG Securities EMEA plc acquired a new position in shares of Regency Centers in the 2nd quarter valued at about $34,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Regency Centers by 42.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock valued at $37,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds 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.