Regency Centers (NASDAQ:REG) Price Target Cut to $74.00 by Analysts at Mizuho

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

A number of other analysts 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 dropped their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Barclays initiated coverage on Regency Centers in a report on Wednesday, July 2nd. They set an "equal weight" rating and a $77.00 price objective on the stock. Scotiabank dropped their price objective on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. Finally, Truist Financial increased their price objective on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, four have given 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, the company has an average rating of "Moderate Buy" and a consensus price target of $77.54.

Regency Centers Stock Performance

NASDAQ:REG traded down $0.03 during trading on Thursday, reaching $69.87. The company's stock had a trading volume of 979,563 shares, compared to its average volume of 1,065,956. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 3.38 and a beta of 1.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a 50 day moving average of $71.22 and a 200-day moving average of $71.83. Regency Centers has a 12 month low of $63.44 and a 12 month high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.01. Regency Centers had a return on equity of 5.98% and a net margin of 27.21%. The firm had revenue of $370.35 million for the quarter, compared to analysts' expectations of $364.64 million. During the same quarter in the prior year, the firm earned $1.08 EPS. Research analysts expect that Regency Centers will post 4.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company's 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 transaction, the insider directly owned 33,069 shares in the company, valued at $2,395,518.36. This represents a 11.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Regency Centers

Institutional investors have recently modified their holdings of the company. Wayfinding Financial LLC bought a new position in shares of Regency Centers during the 1st quarter valued at about $25,000. Heck Capital Advisors LLC bought a new position in Regency Centers during the 4th quarter worth approximately $26,000. TD Waterhouse Canada Inc. grew its position in Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after acquiring an additional 487 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in Regency Centers by 42.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock worth $37,000 after acquiring an additional 150 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new position in Regency Centers during the 4th quarter worth approximately $39,000. 96.07% of the stock is currently owned by institutional investors.

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.