Regency Centers Co. (NASDAQ:REG) Receives Average Rating of “Moderate Buy” from Analysts

Regency Centers Co. (NASDAQ:REG) has earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $77.42.

A number of brokerages have issued reports on REG. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and raised their price objective for the company from $70.00 to $75.00 in a research note on Thursday, September 26th. BTIG Research lifted their price objective on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Robert W. Baird increased their target price on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Evercore ISI reduced their target price on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Finally, Compass Point upped their price target on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th.

Regency Centers Stock Up 1.1 %

Shares of REG opened at $73.03 on Wednesday. The firm has a market capitalization of $13.25 billion, a price-to-earnings ratio of 34.29, 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 debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95. The business’s fifty day moving average price is $73.94 and its two-hundred day moving average price is $70.76.

Regency Centers (NASDAQ:REG) last announced 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 during the quarter, compared to analyst estimates of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same quarter in the previous year, the business earned $1.02 earnings per share. On average, analysts predict that Regency Centers will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 16th were given a dividend of $0.705 per share. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.82 annualized dividend and a dividend yield of 3.86%. Regency Centers’s dividend payout ratio is currently 132.39%.

Hedge Funds Weigh In On Regency Centers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in REG. Naviter Wealth LLC boosted its position in shares of Regency Centers by 9.0% during the second quarter. Naviter Wealth LLC now owns 11,885 shares of the company’s stock worth $747,000 after buying an additional 984 shares during the period. Strategy Asset Managers LLC bought a new position in shares of Regency Centers during the 2nd quarter worth approximately $709,000. TD Asset Management Inc grew its stake in shares of Regency Centers by 3.8% during the 2nd quarter. TD Asset Management Inc now owns 44,672 shares of the company’s stock worth $2,779,000 after acquiring an additional 1,651 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Regency Centers by 47.4% in the second quarter. Victory Capital Management Inc. now owns 156,942 shares of the company’s stock valued at $9,762,000 after purchasing an additional 50,465 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in shares of Regency Centers by 1.6% in the second quarter. Cullen Frost Bankers Inc. now owns 118,213 shares of the company’s stock worth $7,353,000 after purchasing an additional 1,898 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

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.