Regency Centers (NASDAQ:REG) Given New $77.00 Price Target at Evercore ISI

Regency Centers (NASDAQ:REG - Get Free Report) had its price objective cut by investment analysts at Evercore ISI from $78.00 to $77.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an "in-line" rating on the stock. Evercore ISI's price objective points to a potential upside of 3.36% from the stock's previous close.

Several other analysts also recently commented on REG. KeyCorp initiated coverage on shares of Regency Centers in a report on Friday, October 25th. They set an "overweight" rating and a $80.00 target price on the stock. Compass Point boosted their price objective on shares of Regency Centers from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, September 10th. Wells Fargo & Company upped their target price on shares of Regency Centers from $69.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. lifted their price target on Regency Centers from $77.00 to $80.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Finally, Scotiabank boosted their price target on Regency Centers from $65.00 to $75.00 and gave the company a "sector perform" rating in a report on Monday, August 26th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $77.42.

Regency Centers Trading Up 1.0 %

REG traded up $0.75 during midday trading on Tuesday, reaching $74.50. 345,626 shares of the company were exchanged, compared to its average volume of 1,110,693. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $13.52 billion, a P/E ratio of 34.98, a PEG ratio of 4.16 and a beta of 1.22. The stock's 50-day simple moving average is $73.60 and its 200 day simple moving average is $69.96. Regency Centers has a one year low of $56.51 and a one year high of $76.53.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.50). The firm had revenue of $360.27 million for the quarter, compared to analyst estimates of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same quarter in the prior year, the firm posted $1.02 EPS. As a group, analysts forecast that Regency Centers will post 4.28 earnings per share for the current fiscal year.

Institutional Trading of Regency Centers

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quest Partners LLC grew its position in shares of Regency Centers by 25,250.0% in the 2nd quarter. Quest Partners LLC now owns 507 shares of the company's stock valued at $32,000 after acquiring an additional 505 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Regency Centers by 300.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company's stock worth $58,000 after purchasing an additional 600 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Regency Centers during the second quarter worth approximately $60,000. Federated Hermes Inc. raised its stake in Regency Centers by 126.5% in the second quarter. Federated Hermes Inc. now owns 1,008 shares of the company's stock valued at $63,000 after buying an additional 563 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Regency Centers in the second quarter valued at approximately $92,000. 96.07% of the stock is owned by 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.