Regency Centers Co. (NASDAQ:REG) Receives $77.42 Consensus Target Price from Brokerages

Regency Centers Co. (NASDAQ:REG - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twelve research firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $77.42.

Several brokerages recently issued reports on REG. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a "buy" rating to a "hold" rating and boosted their price target for the company from $70.00 to $75.00 in a research report on Thursday, September 26th. Evercore ISI decreased their target price on Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a research report on Tuesday, December 24th. Compass Point raised their target price on Regency Centers from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, September 10th. KeyCorp assumed coverage on Regency Centers in a research note on Friday, October 25th. They issued an "overweight" rating and a $80.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price objective on Regency Centers from $77.00 to $80.00 and gave the company an "overweight" rating in a research report on Monday, November 4th.

Regency Centers Trading Up 0.7 %

REG stock traded up $0.52 during midday trading on Wednesday, hitting $73.93. The company had a trading volume of 1,020,327 shares, compared to its average volume of 1,106,071. The stock has a market cap of $13.42 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 4.16 and a beta of 1.22. Regency Centers has a 52 week low of $56.51 and a 52 week high of $76.53. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65. The stock's 50 day moving average price is $73.86 and its 200 day moving average price is $70.51.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.50). The firm had revenue of $360.27 million for the quarter, compared to the consensus estimate of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same period last year, the company posted $1.02 earnings per share. As a group, equities research analysts expect that Regency Centers will post 4.28 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be issued a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 3.81%. This is a boost from Regency Centers's previous quarterly dividend of $0.67. The ex-dividend date is Monday, December 16th. Regency Centers's dividend payout ratio is presently 132.39%.

Institutional Investors Weigh In On Regency Centers

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Quest Partners LLC increased its stake in shares of Regency Centers by 25,250.0% in the 2nd quarter. Quest Partners LLC now owns 507 shares of the company's stock worth $32,000 after purchasing an additional 505 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Regency Centers by 300.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company's stock valued at $58,000 after purchasing an additional 600 shares during the period. Federated Hermes Inc. increased its position in Regency Centers by 126.5% in the second quarter. Federated Hermes Inc. now owns 1,008 shares of the company's stock worth $63,000 after buying an additional 563 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Regency Centers in the second quarter worth about $92,000. Finally, Brooklyn Investment Group purchased a new position in shares of Regency Centers during the 3rd quarter valued at about $96,000. 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.