Robert W. Baird Forecasts Strong Price Appreciation for Regency Centers (NASDAQ:REG) Stock

Regency Centers (NASDAQ:REG - Free Report) had its price objective increased by Robert W. Baird from $71.00 to $78.00 in a research report sent to investors on Thursday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other research analysts also recently weighed in on the stock. Truist Financial lifted their target price on shares of Regency Centers from $70.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Scotiabank lifted their target price on shares of Regency Centers from $65.00 to $75.00 and gave the company a "sector perform" rating in a research note on Monday, August 26th. Evercore ISI upgraded shares of Regency Centers from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $70.00 to $75.00 in a research note on Thursday, September 26th. Finally, KeyCorp initiated coverage on shares of Regency Centers in a research note on Friday, October 25th. They set an "overweight" rating and a $80.00 target price for the company. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $76.67.

Regency Centers Stock Down 1.7 %

REG traded down $1.26 during trading hours on Thursday, reaching $71.44. 1,357,115 shares of the stock traded hands, compared to its average volume of 1,092,650. The company has a market cap of $12.97 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 4.42 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. Regency Centers has a fifty-two week low of $56.51 and a fifty-two week high of $75.26. The firm's fifty day simple moving average is $72.14 and its two-hundred day simple moving average is $66.05.

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 for the quarter, missing the consensus estimate of $1.04 by ($0.50). Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. The firm had revenue of $360.27 million during the quarter, compared to the consensus estimate of $355.17 million. During the same quarter in the prior year, the business earned $1.02 earnings per share. As a group, analysts forecast that Regency Centers will post 4.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the company's stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the sale, the chairman now directly owns 307,199 shares in the company, valued at $21,503,930. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Michael R. Herman sold 1,000 shares of the firm's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the sale, the vice president now directly owns 13,010 shares of the company's stock, valued at $905,105.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the firm's stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total value of $1,750,000.00. Following the sale, the chairman now directly owns 307,199 shares of the company's stock, valued at approximately $21,503,930. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Fidelis Capital Partners LLC purchased a new position in Regency Centers in the 1st quarter worth approximately $27,000. Quest Partners LLC raised its stake in shares of Regency Centers by 25,250.0% in the second quarter. Quest Partners LLC now owns 507 shares of the company's stock worth $32,000 after purchasing an additional 505 shares during the last quarter. Family Firm Inc. purchased a new position in shares of Regency Centers in the second quarter worth $44,000. Blue Trust Inc. raised its stake in shares of Regency Centers by 582.1% in the second quarter. Blue Trust Inc. now owns 839 shares of the company's stock worth $51,000 after purchasing an additional 716 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in shares of Regency Centers in the first quarter worth $52,000. 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.