Compass Point Boosts Regency Centers (NASDAQ:REG) Price Target to $80.00

Regency Centers (NASDAQ:REG) had its price objective raised by Compass Point from $75.00 to $80.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also issued reports on REG. Truist Financial boosted their price target on shares of Regency Centers from $70.00 to $78.00 and gave the company a buy rating in a report on Friday, August 16th. Raymond James boosted their price target on shares of Regency Centers from $67.00 to $75.00 and gave the company an outperform rating in a report on Friday, August 16th. Wells Fargo & Company boosted their price target on shares of Regency Centers from $69.00 to $79.00 and gave the company an overweight rating in a report on Wednesday, August 28th. Mizuho upped their target price 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. Finally, Scotiabank upped their target price on shares of Regency Centers from $65.00 to $75.00 and gave the stock a sector perform rating in a research note on Monday, August 26th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Regency Centers currently has an average rating of Moderate Buy and an average target price of $75.27.

Regency Centers Stock Performance

REG stock opened at $74.68 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The company has a 50 day moving average price of $69.14 and a 200 day moving average price of $63.31. Regency Centers has a fifty-two week low of $56.29 and a fifty-two week high of $75.26. The stock has a market capitalization of $13.55 billion, a PE ratio of 36.43, a price-to-earnings-growth ratio of 4.64 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.48). The company had revenue of $357.25 million during the quarter, compared to the consensus estimate of $361.56 million. Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. During the same quarter last year, the firm earned $1.03 EPS. Analysts forecast that Regency Centers will post 4.23 EPS for the current year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $2.68 annualized dividend and a dividend yield of 3.59%. Regency Centers’s dividend payout ratio is presently 130.73%.

Insider Transactions at Regency Centers

In other news, VP Michael R. Herman sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $69.57, for a total transaction of $69,570.00. Following the transaction, the vice president now directly owns 13,010 shares of the company’s stock, valued at $905,105.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, 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 transaction of $69,570.00. Following the sale, the vice president now owns 13,010 shares in the company, valued at approximately $905,105.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $1,750,000.00. Following the sale, the chairman now owns 307,199 shares in the company, valued at approximately $21,503,930. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Institutional Trading of Regency Centers

Large investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its position in Regency Centers by 3.3% in the second quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock valued at $295,000 after buying an additional 152 shares in the last quarter. Naviter Wealth LLC raised its stake in shares of Regency Centers by 2.0% during the first quarter. Naviter Wealth LLC now owns 10,901 shares of the company’s stock valued at $667,000 after acquiring an additional 218 shares during the last quarter. V Square Quantitative Management LLC raised its stake in shares of Regency Centers by 7.6% during the second quarter. V Square Quantitative Management LLC now owns 3,829 shares of the company’s stock valued at $238,000 after acquiring an additional 269 shares during the last quarter. SYSTM Wealth Solutions LLC raised its stake in shares of Regency Centers by 13.3% during the first quarter. SYSTM Wealth Solutions LLC now owns 2,303 shares of the company’s stock valued at $140,000 after acquiring an additional 271 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Regency Centers by 0.3% during the first quarter. State of Alaska Department of Revenue now owns 104,027 shares of the company’s stock valued at $6,298,000 after acquiring an additional 305 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.