Regency Centers (NASDAQ:REG) Coverage Initiated by Analysts at KeyCorp

KeyCorp assumed coverage on shares of Regency Centers (NASDAQ:REG - Free Report) in a report released on Friday, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $80.00 price objective on the stock.

REG has been the subject of a number of other reports. Mizuho raised their price objective on Regency Centers from $67.00 to $73.00 and gave the stock an "outperform" rating in a research report on Monday, August 19th. Truist Financial boosted their price target 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 increased their price objective on shares of Regency Centers from $65.00 to $75.00 and gave the stock a "sector perform" rating in a research report on Monday, August 26th. Raymond James lifted their target price on shares of Regency Centers from $67.00 to $75.00 and gave the stock an "outperform" rating in a research note on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a "buy" rating to a "hold" rating and upped their price target for the company from $70.00 to $75.00 in a research report on Thursday, September 26th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.55.

Regency Centers Price Performance

Shares of Regency Centers stock traded down $0.99 during midday trading on Friday, hitting $71.01. 512,403 shares of the company traded hands, compared to its average volume of 1,084,822. The stock has a market cap of $12.89 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 4.48 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The firm's fifty day moving average price is $72.00 and its 200-day moving average price is $65.60. Regency Centers has a 12 month low of $56.51 and a 12 month high of $75.26.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly 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). Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. The company had revenue of $357.25 million for the quarter, compared to analyst estimates of $361.56 million. During the same quarter last year, the company posted $1.03 earnings per share. As a group, sell-side analysts forecast that Regency Centers will post 4.24 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Thursday, September 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.77%. Regency Centers's dividend payout ratio (DPR) is presently 128.23%.

Insider Activity

In other 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 transaction of $1,750,000.00. Following the completion of the sale, the chairman now owns 307,199 shares in the company, valued at $21,503,930. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction dated 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 transaction, the vice president now owns 13,010 shares in the company, valued at approximately $905,105.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the 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 directly owns 307,199 shares of the company's stock, valued at approximately $21,503,930. This trade represents 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 company insiders.

Institutional Trading of Regency Centers

Several institutional investors and hedge funds have recently made changes to their positions in REG. Fidelis Capital Partners LLC bought a new stake in Regency Centers during the first quarter worth $27,000. Quest Partners LLC increased its position in shares of 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 last quarter. Family Firm Inc. bought a new stake in shares of Regency Centers during the 2nd quarter worth $44,000. Blue Trust Inc. boosted its holdings 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 buying an additional 716 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in Regency Centers during the first quarter valued at about $52,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

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.