Regency Centers (NASDAQ:REG) Upgraded to “Hold” at Scotiabank

Regency Centers (NASDAQ:REG) was upgraded by stock analysts at Scotiabank to a “hold” rating in a research report issued on Thursday, Zacks reports.

A number of other analysts have also recently issued reports on REG. Weiss Ratings cut Regency Centers from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Argus set a $85.00 target price on Regency Centers in a report on Monday, August 10th. Wells Fargo & Company dropped their price target on Regency Centers from $90.00 to $88.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 19th. Jefferies Financial Group raised Regency Centers to a “strong-buy” rating in a report on Friday, June 26th. Finally, Barclays lifted their price objective on shares of Regency Centers from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Regency Centers currently has a consensus rating of “Moderate Buy” and an average target price of $83.76.

Regency Centers Stock Down 0.2%

Shares of REG stock opened at $72.95 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s 50-day moving average is $77.58 and its 200-day moving average is $78.00. The stock has a market cap of $13.36 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 4.34 and a beta of 0.79. Regency Centers has a 52-week low of $66.86 and a 52-week high of $83.66.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.62. Regency Centers had a return on equity of 8.04% and a net margin of 34.38%.The business had revenue of $413.51 million during the quarter, compared to analysts’ expectations of $411.07 million. During the same quarter last year, the company posted $1.16 earnings per share. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. Sell-side analysts predict that Regency Centers will post 4.86 EPS for the current year.

Institutional Trading of Regency Centers

Several hedge funds have recently added to or reduced their stakes in REG. Havemeyer Place LP bought a new stake in Regency Centers in the 4th quarter valued at $26,000. Hantz Financial Services Inc. increased its position in Regency Centers by 388.9% during the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after buying an additional 350 shares during the period. Elevation Wealth Partners LLC increased its position in Regency Centers by 541.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 481 shares of the company’s stock worth $38,000 after buying an additional 406 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of Regency Centers by 56.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 571 shares of the company’s stock worth $39,000 after buying an additional 205 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Regency Centers by 528.6% during the fourth quarter. IFP Advisors Inc now owns 572 shares of the company’s stock worth $39,000 after buying an additional 481 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

About Regency Centers

Regency Centers Corporation (NASDAQ: REG) is a self-administered and self-managed real estate investment trust that owns, operates, develops and redevelops retail properties in the United States. The company primarily focuses on high-quality, grocery-anchored shopping centers designed to serve the daily needs of surrounding communities.

Regency’s properties typically include supermarkets, restaurants, specialty retailers, service providers and other complementary tenants. Its activities include leasing and managing shopping centers, pursuing redevelopment opportunities and developing new retail properties in established, attractive trade areas.

Headquartered in Jacksonville, Florida, Regency Centers traces its roots to 1963 and serves communities across major metropolitan areas in the United States.