Mizuho Forecasts Strong Price Appreciation for Regency Centers (NASDAQ:REG) Stock

Regency Centers (NASDAQ:REG - Get Free Report) had its price objective raised by equities researchers at Mizuho from $78.00 to $80.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's price target would indicate a potential upside of 14.04% from the stock's current price.

A number of other equities research analysts also recently issued reports on the stock. BTIG Research increased their target price on shares of Regency Centers from $72.00 to $79.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Compass Point increased their price objective on Regency Centers from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, September 10th. KeyCorp began coverage on Regency Centers in a research note on Friday, October 25th. They issued an "overweight" rating and a $80.00 target price on the stock. JPMorgan Chase & Co. raised their price target on Regency Centers from $77.00 to $80.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Finally, Robert W. Baird boosted their price target on Regency Centers from $71.00 to $78.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $78.00.

Regency Centers Price Performance

Shares of NASDAQ:REG traded down $0.01 on Wednesday, reaching $70.15. 722,271 shares of the company traded hands, compared to its average volume of 793,554. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $12.73 billion, a PE ratio of 32.93, a P/E/G ratio of 4.16 and a beta of 1.22. The company's 50 day moving average is $73.83 and its 200-day moving average is $70.88. Regency Centers has a fifty-two week low of $56.51 and a fifty-two week high of $76.53.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.50). The firm had revenue of $360.27 million for the quarter, compared to analysts' expectations 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 in the prior year, the company posted $1.02 earnings per share. As a group, analysts anticipate that Regency Centers will post 4.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in REG. Nordea Investment Management AB raised its stake in shares of Regency Centers by 10.0% in the fourth quarter. Nordea Investment Management AB now owns 13,302 shares of the company's stock valued at $980,000 after acquiring an additional 1,207 shares during the last quarter. GAMMA Investing LLC increased its holdings in Regency Centers by 39.9% during the 4th quarter. GAMMA Investing LLC now owns 3,891 shares of the company's stock valued at $288,000 after purchasing an additional 1,109 shares in the last quarter. JPMorgan Chase & Co. raised its position in Regency Centers by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock valued at $801,056,000 after purchasing an additional 435,932 shares during the last quarter. Franklin Resources Inc. boosted its stake in Regency Centers by 6.3% in the third quarter. Franklin Resources Inc. now owns 278,647 shares of the company's stock worth $19,703,000 after purchasing an additional 16,617 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of Regency Centers by 17.8% during the third quarter. Tidal Investments LLC now owns 7,417 shares of the company's stock worth $536,000 after purchasing an additional 1,120 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

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.