Regency Centers (NASDAQ:REG) Stock Price Expected to Rise, Scotiabank Analyst Says

Regency Centers (NASDAQ:REG) had its price objective lifted by investment analysts at Scotiabank from $76.00 to $78.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price suggests a potential upside of 12.09% from the company’s previous close.

A number of other research firms have also issued reports on REG. Mizuho boosted their target price on shares of Regency Centers from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Evercore ISI boosted their price objective on Regency Centers from $76.00 to $77.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Regency Centers in a research report on Wednesday, October 8th. Barclays lifted their target price on Regency Centers from $79.00 to $83.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Finally, Argus raised Regency Centers to a “strong-buy” rating in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $79.22.

Regency Centers Trading Down 0.3%

NASDAQ:REG opened at $69.59 on Thursday. The firm has a market capitalization of $12.63 billion, a P/E ratio of 32.07, a P/E/G ratio of 2.87 and a beta of 1.07. The business has a 50 day simple moving average of $71.13 and a 200 day simple moving average of $71.39. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.13. Regency Centers has a 12-month low of $63.44 and a 12-month high of $78.18.

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

Insider Buying and Selling at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $70.02, for a total value of $1,050,300.00. Following the sale, the chairman directly owned 272,958 shares in the company, valued at approximately $19,112,519.16. The trade was a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Regency Centers

A number of institutional investors and hedge funds have recently modified their holdings of REG. Park Avenue Securities LLC lifted its position in shares of Regency Centers by 5.2% in the third quarter. Park Avenue Securities LLC now owns 3,040 shares of the company’s stock worth $222,000 after purchasing an additional 149 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Regency Centers by 42.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company’s stock valued at $37,000 after buying an additional 150 shares during the period. Atria Investments Inc lifted its position in Regency Centers by 3.3% in the 2nd quarter. Atria Investments Inc now owns 4,847 shares of the company’s stock worth $345,000 after buying an additional 156 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in Regency Centers by 63.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after buying an additional 157 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Regency Centers by 13.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,293 shares of the company’s stock valued at $92,000 after acquiring an additional 158 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

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.