Regency Centers (NASDAQ:REG) Stock Price Expected to Rise, Evercore ISI Analyst Says

Key Points

• Evercore ISI raised the price target for Regency Centers from $76.00 to $77.00, suggesting a potential upside of 8.47% from its current stock price of $70.99.
• Multiple analysts have increased their price objectives for Regency Centers, with Truist Financial and Wells Fargo both setting targets of $81.00 and rating the company as a "buy" and "overweight" respectively.
• Regency Centers reported earnings of $1.16 per share for the latest quarter, surpassing analysts' expectations, indicating a revenue increase of 6.6% compared to the previous year.

Regency Centers (NASDAQ:REG - Get Free Report) had its price objective increased by research analysts at Evercore ISI from $76.00 to $77.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an "in-line" rating on the stock. Evercore ISI's price target indicates a potential upside of 10.03% from the stock's previous close.

REG has been the subject of several other research reports. Truist Financial lifted their price objective on shares of Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Mizuho upped their price objective on shares of Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. LADENBURG THALM/SH SH began coverage on shares of Regency Centers in a research report on Tuesday, September 9th. They set a "neutral" rating and a $76.00 target price for the company. Barclays increased their target price on shares of Regency Centers from $77.00 to $79.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. Finally, Robert W. Baird raised their price target on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $78.42.

Regency Centers Price Performance

Regency Centers stock traded down $0.35 during mid-day trading on Monday, reaching $69.98. The company had a trading volume of 639,675 shares, compared to its average volume of 1,103,428. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. Regency Centers has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The company has a market cap of $12.71 billion, a P/E ratio of 32.71, a P/E/G ratio of 3.01 and a beta of 1.09. The business has a fifty day simple moving average of $71.51 and a 200 day simple moving average of $71.54.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.04. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The firm had revenue of $369.85 million for the quarter, compared to analyst estimates of $366.35 million. During the same period last year, the firm posted $1.06 earnings per share. The business's revenue for the quarter was up 6.6% on a year-over-year basis. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. On average, equities research analysts predict that Regency Centers will post 4.54 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Wayfinding Financial LLC bought a new position in Regency Centers in the first quarter worth $25,000. Heck Capital Advisors LLC bought a new position in shares of Regency Centers in the 4th quarter worth about $26,000. CYBER HORNET ETFs LLC bought a new position in shares of Regency Centers in the 2nd quarter worth about $31,000. MUFG Securities EMEA plc bought a new position in shares of Regency Centers in the 2nd quarter worth about $34,000. Finally, Caitong International Asset Management Co. Ltd increased its stake 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 worth $37,000 after acquiring an additional 150 shares in the last quarter. Institutional investors 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.