Regency Centers (NASDAQ:REG) Price Target Lowered to $74.00 at Mizuho

Regency Centers (NASDAQ:REG - Get Free Report) had its target price dropped by equities research analysts at Mizuho from $79.00 to $74.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's price objective suggests a potential upside of 5.91% from the company's previous close.

Several other brokerages have also recently issued reports on REG. Wall Street Zen cut Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Wells Fargo & Company decreased their price target on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Scotiabank reduced their target price on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Truist Financial boosted their target price on shares of Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Finally, Barclays began coverage on shares of Regency Centers in a research note on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $77.54.

Regency Centers Stock Down 0.0%

REG stock traded down $0.03 during trading on Thursday, hitting $69.87. 979,563 shares of the stock traded hands, compared to its average volume of 1,069,242. The stock has a market cap of $12.68 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 3.40 and a beta of 1.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. The firm's 50 day moving average is $71.17 and its two-hundred day moving average is $71.79. 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 announced its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.01. Regency Centers had a return on equity of 5.98% and a net margin of 27.21%. The business had revenue of $370.35 million for the quarter, compared to analysts' expectations of $364.64 million. During the same period last year, the firm posted $1.08 earnings per share. On average, sell-side analysts anticipate that Regency Centers will post 4.54 EPS for the current year.

Insiders Place Their Bets

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total value of $301,205.52. Following the sale, the insider owned 33,069 shares of the company's stock, valued at $2,395,518.36. This trade represents a 11.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Regency Centers

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wayfinding Financial LLC acquired a new stake in shares of Regency Centers in the 1st quarter valued at about $25,000. Heck Capital Advisors LLC purchased a new position in shares of Regency Centers during the fourth quarter worth approximately $26,000. TD Waterhouse Canada Inc. raised its position in Regency Centers by 48,700.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 487 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Regency Centers by 42.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock valued at $37,000 after buying an additional 150 shares during the last quarter. Finally, Sentry Investment Management LLC purchased a new position in shares of Regency Centers during the first quarter worth about $38,000. Institutional investors and hedge funds 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.