Brokerages Set Regency Centers Co. (NASDAQ:REG) Price Target at $76.10

Shares of Regency Centers Co. (NASDAQ:REG - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nine research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $76.10.

A number of equities analysts have issued reports on REG shares. Truist Financial raised their target price on Regency Centers from $70.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, August 16th. JPMorgan Chase & Co. lifted their price objective on shares of Regency Centers from $71.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, August 8th. Mizuho upped their target price on shares of Regency Centers from $67.00 to $73.00 and gave the company an "outperform" rating in a research note on Monday, August 19th. Evercore ISI cut shares of Regency Centers from an "outperform" rating to an "inline" rating and lifted their price target for the stock from $72.00 to $75.00 in a research report on Monday, September 16th. Finally, Scotiabank upped their price objective on shares of Regency Centers from $65.00 to $75.00 and gave the company a "sector perform" rating in a research report on Monday, August 26th.

Insider Activity

In related news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the transaction, the chairman now directly owns 307,199 shares in the company, valued at $21,503,930. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the transaction, the chairman now owns 307,199 shares in the company, valued at $21,503,930. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction on Friday, August 16th. The shares were 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 owns 13,010 shares in the company, valued at $905,105.70. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Regency Centers

A number of institutional investors have recently bought and sold shares of the business. Fidelis Capital Partners LLC acquired a new position in Regency Centers in the first quarter valued at about $27,000. Quest Partners LLC increased its position in Regency Centers by 25,250.0% during the 2nd quarter. Quest Partners LLC now owns 507 shares of the company's stock valued at $32,000 after purchasing an additional 505 shares during the period. Family Firm Inc. bought a new position in Regency Centers during the second quarter worth $44,000. Blue Trust Inc. raised its position in shares of Regency Centers by 582.1% in the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company's stock worth $51,000 after acquiring an additional 716 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Regency Centers in the first quarter worth approximately $52,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Trading Up 0.8 %

Shares of REG traded up $0.55 on Monday, reaching $72.14. 986,152 shares of the company's stock were exchanged, compared to its average volume of 1,132,629. The business has a 50 day moving average price of $70.18 and a two-hundred day moving average price of $63.74. Regency Centers has a 12 month low of $56.29 and a 12 month high of $75.26. The stock has a market capitalization of $13.09 billion, a P/E ratio of 35.19, a price-to-earnings-growth ratio of 4.66 and a beta of 1.21. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.02 by ($0.48). Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. The company had revenue of $357.25 million during the quarter, compared to analyst estimates of $361.56 million. During the same period last year, the company earned $1.03 EPS. Research analysts anticipate that Regency Centers will post 4.23 earnings per share for the current year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Thursday, September 12th. Regency Centers's dividend payout ratio (DPR) is presently 130.73%.

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.