Regency Centers (NASDAQ:REG) Price Target Raised to $80.00 at Mizuho

Regency Centers (NASDAQ:REG) had its target price boosted by research analysts at Mizuho from $78.00 to $80.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s target price suggests a potential upside of 13.94% from the company’s current price.

A number of other research analysts have also recently issued reports on REG. KeyCorp assumed coverage on shares of Regency Centers in a report on Friday, October 25th. They issued an “overweight” rating and a $80.00 price target for the company. BTIG Research lifted their price target on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft lowered Regency Centers from a “buy” rating to a “hold” rating and increased their price objective for the company from $70.00 to $75.00 in a report on Thursday, September 26th. Robert W. Baird lifted their target price on Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased 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. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Regency Centers Stock Up 0.1 %

Shares of REG traded up $0.05 during midday trading on Wednesday, hitting $70.21. 173,458 shares of the company’s stock traded hands, compared to its average volume of 676,269. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 4.16 and a beta of 1.22. Regency Centers has a 1 year low of $56.51 and a 1 year high of $76.53. The firm’s fifty day moving average is $73.88 and its 200-day moving average is $70.88.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. The business had revenue of $360.27 million during the quarter, compared to analysts’ expectations of $355.17 million. During the same quarter last year, the business posted $1.02 earnings per share. As a group, sell-side analysts anticipate that Regency Centers will post 4.28 earnings per share for the current year.

Institutional Investors Weigh In On Regency Centers

Institutional investors have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA grew its position in Regency Centers by 4.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock valued at $244,000 after acquiring an additional 141 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of Regency Centers by 4.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company’s stock valued at $286,000 after purchasing an additional 163 shares during the period. Azzad Asset Management Inc. ADV grew its holdings in shares of Regency Centers by 4.3% in the third quarter. Azzad Asset Management Inc. ADV now owns 4,543 shares of the company’s stock valued at $328,000 after purchasing an additional 189 shares in the last quarter. Tectonic Advisors LLC increased its stake in Regency Centers by 3.0% during the 3rd quarter. Tectonic Advisors LLC now owns 6,941 shares of the company’s stock worth $501,000 after buying an additional 203 shares during the period. Finally, Groupama Asset Managment grew its stake in shares of Regency Centers by 0.8% in the third quarter. Groupama Asset Managment now owns 27,046 shares of the company’s stock worth $1,954,000 after acquiring an additional 212 shares in the last quarter. 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.