Regency Centers (NASDAQ:REG) Upgraded to Hold at Wall Street Zen

Key Points

• Regency Centers was upgraded from a "sell" to a "hold" rating by Wall Street Zen, indicating a more favorable outlook from analysts.
• The company's stock has experienced a fifty-two week low of $63.44 and a high of $78.18, currently trading around $71.68 with a market capitalization of $13.01 billion.
• Regency Centers reported a net margin of 27% for the last quarter, with revenue increasing by 6.6% year-over-year, suggesting strong operational performance.

Regency Centers (NASDAQ:REG - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Other analysts also recently issued research reports about the company. Wells Fargo & Company boosted their price objective on Regency Centers from $79.00 to $81.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Scotiabank boosted their price objective on Regency Centers from $75.00 to $76.00 and gave the company a "sector perform" rating in a research report on Thursday, August 28th. Weiss Ratings reissued a "buy (b-)" rating on shares of Regency Centers in a research note on Saturday, September 27th. LADENBURG THALM/SH SH began coverage on Regency Centers in a research note on Tuesday, September 9th. They set a "neutral" rating and a $76.00 target price on the stock. Finally, Truist Financial boosted their target price on Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $78.73.

Regency Centers Stock Performance

Shares of REG stock opened at $71.68 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.13. Regency Centers has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The stock has a 50 day moving average price of $71.80 and a two-hundred day moving average price of $71.41. The company has a market capitalization of $13.01 billion, a P/E ratio of 33.50, a PEG ratio of 3.10 and a beta of 1.09.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate 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 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 business'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. Analysts expect that Regency Centers will post 4.54 earnings per share for the current year.

Institutional Investors Weigh In On Regency Centers

A number of institutional investors have recently modified their holdings of REG. Wayfinding Financial LLC purchased a new stake in shares of Regency Centers in the first quarter worth $25,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Regency Centers in the second quarter worth $31,000. MUFG Securities EMEA plc purchased a new stake in shares of Regency Centers in the second quarter worth $34,000. Caitong International Asset Management Co. Ltd grew its stake 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 worth $37,000 after acquiring an additional 150 shares during the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of Regency Centers in the first quarter worth $40,000. 96.07% of the stock is owned by hedge funds and other 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.

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