Regency Centers Co. (NASDAQ:REG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Regency Centers Co. (NASDAQ:REG) have been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $78.08.

REG has been the subject of several research reports. Evercore ISI reduced their price objective on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. JPMorgan Chase & Co. increased their price objective on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Wells Fargo & Company cut their target price on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Mizuho upped their target price on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Finally, BTIG Research upped their target price on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of REG. Norges Bank acquired a new position in Regency Centers during the fourth quarter worth $1,262,425,000. Invesco Ltd. increased its stake in shares of Regency Centers by 121.2% in the fourth quarter. Invesco Ltd. now owns 5,374,450 shares of the company’s stock valued at $397,333,000 after buying an additional 2,944,854 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Regency Centers by 1,138.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company’s stock valued at $149,932,000 after buying an additional 1,908,153 shares in the last quarter. Northern Trust Corp increased its stake in shares of Regency Centers by 64.1% in the fourth quarter. Northern Trust Corp now owns 2,781,614 shares of the company’s stock valued at $205,645,000 after buying an additional 1,086,797 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Regency Centers by 51.7% in the fourth quarter. Prudential Financial Inc. now owns 2,155,589 shares of the company’s stock valued at $159,363,000 after buying an additional 734,210 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Stock Up 0.8 %

REG opened at $73.44 on Thursday. Regency Centers has a 1-year low of $56.51 and a 1-year high of $76.53. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $13.33 billion, a price-to-earnings ratio of 34.64, a P/E/G ratio of 3.70 and a beta of 1.21. The business has a 50 day moving average of $72.69 and a 200-day moving average of $72.53.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. As a group, sell-side analysts anticipate that Regency Centers will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.84%. Regency Centers’s dividend payout ratio is currently 133.02%.

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.