Mizuho Increases Regency Centers (NASDAQ:REG) Price Target to $73.00

Regency Centers (NASDAQ:REG) had its price target hoisted by investment analysts at Mizuho from $67.00 to $73.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price target suggests a potential upside of 3.84% from the company’s current price.

REG has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price objective on Regency Centers from $71.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Raymond James boosted their price objective on Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday. Scotiabank cut their price target on Regency Centers from $68.00 to $65.00 and set a “sector perform” rating for the company in a research note on Thursday, May 16th. Finally, Truist Financial upped their price objective on Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.83.

Regency Centers Price Performance

Regency Centers stock traded up $0.53 during trading on Monday, reaching $70.30. The company had a trading volume of 92,403 shares, compared to its average volume of 1,140,903. The firm’s 50-day simple moving average is $64.77 and its 200 day simple moving average is $61.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $12.76 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 4.39 and a beta of 1.21. Regency Centers has a 1-year low of $56.29 and a 1-year high of $71.30.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.48). The business had revenue of $357.25 million for the quarter, compared to analyst estimates of $361.56 million. Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. During the same period in the previous year, the business posted $1.03 earnings per share. As a group, equities research analysts anticipate that Regency Centers will post 4.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Martin E. Stein, Jr. sold 25,000 shares of Regency Centers stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the transaction, the chairman now owns 307,199 shares in the company, valued at $21,503,930. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Regency Centers

Several large investors have recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC acquired a new stake in Regency Centers during the 1st quarter valued at $27,000. Quest Partners LLC increased its holdings in Regency Centers by 25,250.0% during the 2nd quarter. Quest Partners LLC now owns 507 shares of the company’s stock valued at $32,000 after purchasing an additional 505 shares in the last quarter. Family Firm Inc. bought a new position in Regency Centers in the 2nd quarter valued at $44,000. Blue Trust Inc. boosted its position in Regency Centers by 582.1% in the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after buying an additional 716 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in Regency Centers in the 1st quarter valued at $52,000. 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.