Regency Centers Corporation (NASDAQ:REG) Stock Rated “Moderate Buy” by Wall Street Brokerages

Regency Centers Corporation (NASDAQ:REG) has been given a consensus recommendation of “Moderate Buy” by the eighteen research firms that are covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $83.21.

A number of analysts recently issued reports on REG shares. Wells Fargo & Company decreased their price objective 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. Griffin Securities set a $81.00 price objective on Regency Centers in a report on Monday, September 21st. Scotiabank cut their target price on Regency Centers from $82.00 to $81.00 and set a “sector perform” rating for the company in a research note on Thursday, September 17th. UBS Group reduced their target price on Regency Centers from $85.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, October 9th. Finally, Weiss Ratings lowered Regency Centers from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, August 20th.

Hedge Funds Weigh In On Regency Centers

A number of large investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in Regency Centers in the 2nd quarter worth about $1,597,868,000. Deutsche Bank AG purchased a new position in shares of Regency Centers during the second quarter valued at about $170,282,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Regency Centers by 18,982.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,953,088 shares of the company’s stock worth $155,739,000 after purchasing an additional 1,942,853 shares during the period. Legal & General Group Plc bought a new position in shares of Regency Centers in the 2nd quarter worth about $109,394,000. Finally, Hsbc Holdings PLC bought a new position in shares of Regency Centers during the second quarter valued at approximately $108,196,000. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Stock Up 0.3%

Regency Centers stock opened at $73.24 on Tuesday. The firm has a 50 day simple moving average of $74.22 and a 200 day simple moving average of $77.34. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.71. Regency Centers has a 1-year low of $66.86 and a 1-year high of $83.66. The firm has a market capitalization of $13.41 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 4.39 and a beta of 0.80.

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

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were issued a $0.7550 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, September 11th. Regency Centers’s dividend payout ratio is presently 102.37%.

Regency Centers Company Profile

Regency Centers Corporation is a real estate investment trust that owns, operates, develops and redevelops shopping centers anchored by grocery stores. Its properties primarily serve established, affluent communities and are designed to provide convenient access to essential goods and services, including supermarkets, restaurants, health and wellness providers, and other neighborhood-oriented retailers.

The company’s activities include leasing retail space, managing shopping-center properties, pursuing new development opportunities and enhancing existing centers through redevelopment.