Evercore ISI Lowers Regency Centers (NASDAQ:REG) Price Target to $77.00

Regency Centers (NASDAQ:REG) had its price target reduced by analysts at Evercore ISI from $78.00 to $77.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s target price would indicate a potential upside of 4.41% from the stock’s current price.

Several other research firms have also recently commented on REG. JPMorgan Chase & Co. boosted their price target on shares of Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Scotiabank lifted their price target on Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. KeyCorp assumed coverage on Regency Centers in a report on Friday, October 25th. They issued an “overweight” rating and a $80.00 price objective on the stock. Robert W. Baird boosted their target price on Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, BTIG Research increased their price target on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $77.42.

Regency Centers Trading Down 0.1 %

NASDAQ REG opened at $73.75 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $13.39 billion, a price-to-earnings ratio of 34.62, a PEG ratio of 4.16 and a beta of 1.22. The firm has a 50 day simple moving average of $73.60 and a 200-day simple moving average of $69.96. Regency Centers has a one year low of $56.51 and a one year high of $76.53.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.50). The business had revenue of $360.27 million during the quarter, compared to analyst estimates of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same quarter last year, the firm earned $1.02 EPS. Equities research analysts anticipate that Regency Centers will post 4.28 EPS for the current fiscal year.

Institutional Trading of Regency Centers

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in Regency Centers by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,504,945 shares of the company’s stock valued at $93,608,000 after purchasing an additional 23,062 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Regency Centers during the second quarter worth $60,000. Principal Financial Group Inc. grew its holdings in Regency Centers by 4.2% during the second quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company’s stock worth $555,009,000 after acquiring an additional 357,091 shares during the period. Azzad Asset Management Inc. ADV purchased a new stake in shares of Regency Centers during the 2nd quarter worth $271,000. Finally, Intact Investment Management Inc. grew its stake in shares of Regency Centers by 225.3% during the 2nd quarter. Intact Investment Management Inc. now owns 81,650 shares of the company’s stock worth $5,079,000 after purchasing an additional 56,550 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.