Analysts Set Regency Centers Corporation (NASDAQ:REG) Target Price at $79.10

Regency Centers Corporation (NASDAQ:REG) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $79.10.

A number of equities research analysts recently weighed in on REG shares. Scotiabank raised their price target on shares of Regency Centers from $75.00 to $76.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Wells Fargo & Company raised their price target on shares of Regency Centers from $81.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Mizuho upped their price target on shares of Regency Centers from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Wall Street Zen raised shares of Regency Centers from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Finally, Barclays upped their price target on shares of Regency Centers from $79.00 to $83.00 and gave the company an “equal weight” rating in a report on Monday, October 6th.

Regency Centers Price Performance

REG opened at $69.39 on Tuesday. The company has a fifty day simple moving average of $71.77 and a 200 day simple moving average of $71.52. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 2.87 and a beta of 1.09. Regency Centers has a twelve month low of $63.44 and a twelve month high of $78.18. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.15. The business had revenue of $387.57 million during the quarter, compared to analyst estimates of $374.83 million. Regency Centers had a net margin of 27.04% and a return on equity of 6.14%. During the same period last year, the business earned $1.07 EPS. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. Equities research analysts expect that Regency Centers will post 4.54 EPS for the current fiscal year.

Regency Centers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be issued a $0.755 dividend. This is a boost from Regency Centers’s previous quarterly dividend of $0.71. This represents a $3.02 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Monday, December 15th. Regency Centers’s dividend payout ratio is currently 131.78%.

Institutional Trading of Regency Centers

Several institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Regency Centers in the second quarter valued at $1,219,335,000. State Street Corp raised its holdings in Regency Centers by 2.2% in the second quarter. State Street Corp now owns 12,035,961 shares of the company’s stock valued at $865,625,000 after acquiring an additional 262,551 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Regency Centers by 3.9% in the first quarter. JPMorgan Chase & Co. now owns 11,574,170 shares of the company’s stock valued at $853,711,000 after acquiring an additional 432,399 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Regency Centers by 9.8% during the first quarter. Invesco Ltd. now owns 5,899,497 shares of the company’s stock worth $435,147,000 after purchasing an additional 525,047 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Regency Centers by 1.4% during the second quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock worth $339,669,000 after purchasing an additional 65,719 shares during the period. 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.