Regency Centers Co. (NASDAQ:REG) Receives Consensus Recommendation of "Buy" from Brokerages

Shares of Regency Centers Co. (NASDAQ:REG - Get Free Report) have earned a consensus rating of "Buy" from the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $77.08.

REG has been the subject of a number of analyst reports. Robert W. Baird increased their price target on Regency Centers from $71.00 to $78.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Truist Financial boosted their price target on Regency Centers from $70.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, August 16th. BTIG Research increased their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. KeyCorp assumed coverage on shares of Regency Centers in a report on Friday, October 25th. They issued an "overweight" rating and a $80.00 target price on the stock. Finally, Mizuho raised 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.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. boosted its position in shares of Regency Centers by 6.3% during the third quarter. Franklin Resources Inc. now owns 278,647 shares of the company's stock valued at $19,703,000 after buying an additional 16,617 shares during the period. Tidal Investments LLC lifted its stake in shares of Regency Centers by 17.8% during the 3rd quarter. Tidal Investments LLC now owns 7,417 shares of the company's stock worth $536,000 after acquiring an additional 1,120 shares during the last quarter. World Investment Advisors LLC purchased a new position in Regency Centers during the 3rd quarter valued at $782,000. Sanctuary Advisors LLC boosted its holdings in Regency Centers by 26.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,817 shares of the company's stock valued at $729,000 after acquiring an additional 2,042 shares during the period. Finally, Unigestion Holding SA bought a new position in Regency Centers in the 3rd quarter valued at $603,000. Institutional investors own 96.07% of the company's stock.

Regency Centers Stock Performance

NASDAQ:REG traded down $0.18 during mid-day trading on Friday, hitting $74.13. 1,012,669 shares of the company traded hands, compared to its average volume of 1,117,115. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. The stock's fifty day moving average price is $72.83 and its 200-day moving average price is $68.75. The firm has a market cap of $13.45 billion, a price-to-earnings ratio of 34.80, a price-to-earnings-growth ratio of 4.10 and a beta of 1.22. 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 released its earnings results on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.50). The firm had revenue of $360.27 million during the quarter, compared to analysts' expectations of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same period in the prior year, the company posted $1.02 earnings per share. Research analysts anticipate that Regency Centers will post 4.28 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be issued a $0.705 dividend. This is a boost from Regency Centers's previous quarterly dividend of $0.67. The ex-dividend date is Monday, December 16th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.80%. Regency Centers's payout ratio is 125.82%.

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.