Brokerages Set Regency Centers Co. (NASDAQ:REG) Price Target at $76.20

Regency Centers Co. (NASDAQ:REG - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $76.20.

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price 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. Scotiabank boosted their target price on Regency Centers from $65.00 to $75.00 and gave the company a "sector perform" rating in a research report on Monday, August 26th. Truist Financial raised their price target on Regency Centers from $70.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Compass Point boosted their price objective on Regency Centers from $75.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, September 10th. Finally, Mizuho boosted their price target on shares of Regency Centers from $67.00 to $73.00 and gave the stock an "outperform" rating in a research note on Monday, August 19th.

Insider Activity at Regency Centers

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 value of $1,750,000.00. Following the transaction, the chairman now directly owns 307,199 shares of the company's stock, valued at $21,503,930. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business'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 completion of the sale, the chairman now owns 307,199 shares in the company, valued at approximately $21,503,930. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael R. Herman sold 1,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $69.57, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of REG. Vanguard Group Inc. increased its holdings in shares of Regency Centers by 3.0% in the first quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company's stock valued at $1,749,520,000 after purchasing an additional 830,572 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Regency Centers by 10.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company's stock valued at $547,995,000 after acquiring an additional 873,062 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Regency Centers by 4.2% during the second quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company's stock worth $555,009,000 after acquiring an additional 357,091 shares during the period. Boston Partners raised its holdings in Regency Centers by 4.1% during the first quarter. Boston Partners now owns 4,192,951 shares of the company's stock worth $253,902,000 after purchasing an additional 166,354 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Regency Centers by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,641,921 shares of the company's stock valued at $164,327,000 after purchasing an additional 117,368 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Stock Down 0.3 %

Shares of NASDAQ REG opened at $72.00 on Friday. Regency Centers has a 1 year low of $56.51 and a 1 year high of $75.26. The company has a market capitalization of $13.07 billion, a P/E ratio of 34.45, a P/E/G ratio of 4.40 and a beta of 1.21. The company has a 50 day simple moving average of $71.80 and a 200-day simple moving average of $65.16. 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 (NASDAQ:REG - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.48). The business had revenue of $357.25 million for the quarter, compared to analyst estimates of $361.56 million. Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. During the same period last year, the business earned $1.03 EPS. On average, equities research analysts predict that Regency Centers will post 4.24 earnings per share for the current year.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Thursday, September 12th. Regency Centers's dividend payout ratio (DPR) is presently 128.23%.

About Regency Centers

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.