Regency Centers Co. (NASDAQ:REG) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Regency Centers Co. (NASDAQ:REG) have earned a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $78.00.

REG has been the subject of several analyst reports. Evercore ISI cut their price objective on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. 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 report on Thursday, October 31st. JPMorgan Chase & Co. increased their price objective on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. BTIG Research lifted their target price on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Mizuho increased their price target on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th.

Institutional Trading of Regency Centers

A number of hedge funds have recently bought and sold shares of REG. Heck Capital Advisors LLC bought a new stake in shares of Regency Centers in the 4th quarter worth approximately $26,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Regency Centers by 300.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock worth $58,000 after purchasing an additional 600 shares during the last quarter. Quest Partners LLC boosted its position in Regency Centers by 84.8% during the third quarter. Quest Partners LLC now owns 937 shares of the company’s stock valued at $68,000 after buying an additional 430 shares during the period. Brooklyn Investment Group bought a new position in shares of Regency Centers during the third quarter valued at about $96,000. Finally, Quarry LP increased its holdings in shares of Regency Centers by 2,811.4% in the third quarter. Quarry LP now owns 2,300 shares of the company’s stock worth $166,000 after buying an additional 2,221 shares during the period. Institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Up 1.0 %

Shares of NASDAQ:REG opened at $71.77 on Friday. Regency Centers has a 1 year low of $56.51 and a 1 year high of $76.53. The company has a market capitalization of $13.03 billion, a PE ratio of 33.69, a price-to-earnings-growth ratio of 3.68 and a beta of 1.22. The business has a fifty day moving average price of $73.30 and a two-hundred day moving average price of $71.64. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.54 earnings per share (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 analysts’ expectations of $355.17 million. During the same quarter last year, the business posted $1.02 EPS. Analysts forecast that Regency Centers will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 16th were given a dividend of $0.705 per share. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.82 dividend on an annualized basis and a yield of 3.93%. Regency Centers’s dividend payout ratio (DPR) is presently 132.39%.

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.