Wells Fargo & Company Issues Pessimistic Forecast for Regency Centers (NASDAQ:REG) Stock Price

Key Points

• Wells Fargo lowered Regency Centers’ price target from $90 to $88 while maintaining an “overweight” rating, implying approximately 15.5% upside from the stock’s $76.17 price.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average target price of $83.82, despite some firms maintaining neutral or hold ratings.
• Regency Centers exceeded quarterly expectations, reporting $1.21 in earnings per share versus the $0.59 consensus estimate and revenue of $413.51 million; institutional investors own 96.07% of the stock.

Regency Centers (NASDAQ:REG - Get Free Report) had its price target reduced by stock analysts at Wells Fargo & Company from $90.00 to $88.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's price objective would suggest a potential upside of 15.54% from the company's current price.

REG has been the topic of a number of other research reports. Raymond James Financial reaffirmed an "outperform" rating and set a $88.00 price target on shares of Regency Centers in a report on Monday, June 29th. UBS Group raised their target price on Regency Centers from $81.00 to $85.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. Evercore set a $83.00 target price on Regency Centers in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft lowered Regency Centers from a "buy" rating to a "hold" rating and set a $85.00 price target for the company. in a research report on Friday, May 29th. Finally, Weiss Ratings raised Regency Centers from a "buy (b)" rating to a "buy (b+)" rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Regency Centers currently has an average rating of "Moderate Buy" and a consensus target price of $83.82.

Regency Centers Stock Performance

REG stock opened at $76.17 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $13.95 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 3.20 and a beta of 0.80. Regency Centers has a 1 year low of $66.86 and a 1 year high of $83.66. The stock's fifty day moving average is $79.54 and its two-hundred day moving average is $78.10.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.62. The business had revenue of $413.51 million for the quarter, compared to analysts' expectations of $411.07 million. Regency Centers had a net margin of 34.38% and a return on equity of 8.04%. During the same quarter last year, the company earned $1.16 EPS. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. On average, research analysts predict that Regency Centers will post 4.86 EPS for the current year.

Insider Buying and Selling

In related news, insider Terah L. Devereaux sold 1,240 shares of the business's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $80.14, for a total transaction of $99,373.60. Following the sale, the insider owned 17,990 shares of the company's stock, valued at $1,441,718.60. The trade was a 6.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Regency Centers

Several hedge funds have recently modified their holdings of REG. BlackRock Inc. acquired a new stake in shares of Regency Centers in the second quarter valued at $1,597,868,000. Norges Bank acquired a new position in Regency Centers during the fourth quarter worth about $1,183,667,000. State Street Corp grew its holdings in Regency Centers by 1.4% during the fourth quarter. State Street Corp now owns 12,572,876 shares of the company's stock worth $877,261,000 after acquiring an additional 168,884 shares during the period. Principal Financial Group Inc. grew its holdings in Regency Centers by 10.3% during the first quarter. Principal Financial Group Inc. now owns 10,004,796 shares of the company's stock worth $756,967,000 after acquiring an additional 931,272 shares during the period. Finally, Geode Capital Management LLC raised its position in Regency Centers by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company's stock worth $338,110,000 after acquiring an additional 67,739 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Company Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company's portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.

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