Regency Centers (NASDAQ:REG) Upgraded by Barclays to Overweight Rating

Regency Centers (NASDAQ:REG) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued on Tuesday,Benzinga reports. The firm presently has a $82.00 price objective on the stock, down from their previous price objective of $83.00. Barclays‘s price objective indicates a potential upside of 18.62% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Scotiabank lifted their target price on shares of Regency Centers from $76.00 to $78.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Truist Financial boosted their price objective on shares of Regency Centers from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Regency Centers in a report on Wednesday, October 8th. Mizuho increased their price target on Regency Centers from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Finally, Robert W. Baird raised their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.11.

Regency Centers Stock Down 0.7%

Shares of NASDAQ:REG opened at $69.13 on Tuesday. Regency Centers has a 52-week low of $63.44 and a 52-week high of $78.18. The company has a market capitalization of $12.55 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 2.87 and a beta of 1.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.20. The company has a fifty day moving average of $71.05 and a 200-day moving average of $71.36.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.15. Regency Centers had a return on equity of 6.14% and a net margin of 27.04%.The business had revenue of $387.57 million for the quarter, compared to analyst estimates of $374.83 million. During the same quarter in the previous year, the company posted $1.07 EPS. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. On average, equities analysts predict that Regency Centers will post 4.54 EPS for the current fiscal year.

Insider Activity

In related news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $70.02, for a total transaction of $1,050,300.00. Following the sale, the chairman owned 272,958 shares in the company, valued at $19,112,519.16. This represents a 5.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Regency Centers

Several large investors have recently modified their holdings of REG. CANADA LIFE ASSURANCE Co lifted its position in shares of Regency Centers by 6.2% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 430,980 shares of the company’s stock valued at $31,122,000 after acquiring an additional 25,224 shares during the period. Caxton Associates LLP acquired a new position in shares of Regency Centers during the third quarter valued at about $1,725,000. Triumph Capital Management bought a new position in shares of Regency Centers during the 3rd quarter worth about $73,000. XTX Topco Ltd acquired a new stake in shares of Regency Centers in the 3rd quarter valued at about $947,000. Finally, Alyeska Investment Group L.P. acquired a new position in Regency Centers during the 3rd quarter worth approximately $47,563,000. 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.