Regency Centers Co. (NASDAQ:REG) Receives $76.92 Average PT from Analysts

Regency Centers Co. (NASDAQ:REG) has been assigned an average rating of “Buy” from the twelve research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $76.92.

REG has been the topic of several recent research reports. Robert W. Baird lifted their price target on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. boosted their target price on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Raymond James raised their price target on shares of Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Scotiabank boosted their price objective on shares of Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Finally, Evercore ISI raised shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th.

Regency Centers Stock Down 0.3 %

Shares of NASDAQ REG opened at $73.66 on Tuesday. Regency Centers has a 52-week low of $56.51 and a 52-week high of $75.26. 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 stock has a market cap of $13.37 billion, a P/E ratio of 34.68, a P/E/G ratio of 4.53 and a beta of 1.21. The firm has a 50 day moving average price of $72.37 and a 200 day moving average price of $67.03.

Regency Centers (NASDAQ:REG) last posted its earnings results on Monday, October 28th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.50). Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. The business had revenue of $360.27 million for the quarter, compared to the consensus estimate of $355.17 million. During the same quarter in the prior year, the firm posted $1.02 earnings per share. Analysts expect that Regency Centers will post 4.28 EPS for the current year.

Regency Centers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be issued a dividend of $0.705 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.83%. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. Regency Centers’s dividend payout ratio (DPR) is currently 125.82%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in REG. Glenmede Trust Co. NA increased its position in shares of Regency Centers by 4.4% in the third quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock worth $244,000 after purchasing an additional 141 shares during the period. Assenagon Asset Management S.A. increased its holdings in Regency Centers by 3.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock valued at $295,000 after buying an additional 152 shares during the period. Azzad Asset Management Inc. ADV raised its position in shares of Regency Centers by 4.3% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 4,543 shares of the company’s stock valued at $328,000 after buying an additional 189 shares in the last quarter. Tectonic Advisors LLC lifted its holdings in shares of 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 acquiring an additional 203 shares during the period. Finally, Greenleaf Trust boosted its position in shares of Regency Centers by 5.5% during the 3rd quarter. Greenleaf Trust now owns 4,563 shares of the company’s stock worth $330,000 after acquiring an additional 238 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.