Regency Centers Co. (NASDAQ:REG) Given Average Rating of “Buy” by Brokerages

Shares of Regency Centers Co. (NASDAQ:REG) have been given a consensus rating of “Buy” by the thirteen brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $77.08.

REG has been the subject of a number of recent research reports. Compass Point boosted their target price on shares of Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. BTIG Research boosted their price target on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. KeyCorp initiated coverage on Regency Centers in a research note on Friday, October 25th. They issued an “overweight” rating and a $80.00 price target for the company. Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a “buy” rating to a “hold” rating and boosted their price target for the company from $70.00 to $75.00 in a research note on Thursday, September 26th. Finally, Evercore ISI raised Regency Centers from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th.

Regency Centers Trading Down 0.2 %

REG stock opened at $74.13 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95. The company has a fifty day moving average price of $72.78 and a two-hundred day moving average price of $68.65. Regency Centers has a one year low of $56.51 and a one year high of $76.53. The stock has a market cap of $13.45 billion, a price-to-earnings ratio of 34.80, a price-to-earnings-growth ratio of 4.12 and a beta of 1.22.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data 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 return on equity of 5.85% and a net margin of 27.78%. The company had revenue of $360.27 million for the quarter, compared to the consensus estimate of $355.17 million. During the same period last year, the firm earned $1.02 earnings per share. Equities analysts anticipate that Regency Centers will post 4.28 EPS for the current year.

Regency Centers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 16th will be issued a $0.705 dividend. The ex-dividend date is Monday, December 16th. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. This represents a $2.82 annualized dividend and a yield of 3.80%. Regency Centers’s dividend payout ratio is presently 132.39%.

Institutional Trading of Regency Centers

Institutional investors have recently added to or reduced their stakes in the stock. Sitrin Capital Management LLC boosted its holdings in shares of Regency Centers by 0.7% during the 2nd quarter. Sitrin Capital Management LLC now owns 62,477 shares of the company’s stock worth $3,886,000 after buying an additional 430 shares in the last quarter. Czech National Bank boosted its holdings in shares of Regency Centers by 8.4% during the 2nd quarter. Czech National Bank now owns 31,338 shares of the company’s stock worth $1,949,000 after buying an additional 2,437 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Regency Centers by 26.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,309 shares of the company’s stock worth $392,000 after buying an additional 1,316 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Regency Centers by 7.6% during the 2nd quarter. V Square Quantitative Management LLC now owns 3,829 shares of the company’s stock worth $238,000 after buying an additional 269 shares in the last quarter. Finally, PGGM Investments boosted its holdings in shares of Regency Centers by 2,586.9% during the 2nd quarter. PGGM Investments now owns 1,670,607 shares of the company’s stock worth $103,912,000 after buying an additional 1,608,431 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

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.