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

Regency Centers Co. (NASDAQ:REG) has been given an average recommendation of “Moderate Buy” by the twelve research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $77.42.

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $70.00 to $75.00 in a research note on Thursday, September 26th. Robert W. Baird upped their price objective on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Evercore ISI cut 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. boosted their target price on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, BTIG Research raised their price target on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Glenmede Trust Co. NA lifted its stake in shares of Regency Centers by 4.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock valued at $244,000 after acquiring an additional 141 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of Regency Centers by 4.3% during the third quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company’s stock valued at $286,000 after purchasing an additional 163 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its stake in shares of Regency Centers by 4.3% during the third quarter. Azzad Asset Management Inc. ADV now owns 4,543 shares of the company’s stock valued at $328,000 after purchasing an additional 189 shares in the last quarter. Tectonic Advisors LLC grew its holdings in shares of Regency Centers by 3.0% during the third quarter. Tectonic Advisors LLC now owns 6,941 shares of the company’s stock worth $501,000 after purchasing an additional 203 shares during the last quarter. Finally, Groupama Asset Managment increased its stake in shares of Regency Centers by 0.8% in the third quarter. Groupama Asset Managment now owns 27,046 shares of the company’s stock valued at $1,954,000 after buying an additional 212 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Up 1.1 %

REG stock opened at $73.03 on Wednesday. The company has a market cap of $13.25 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 4.16 and a beta of 1.22. Regency Centers has a twelve month low of $56.51 and a twelve month high of $76.53. The business has a 50 day moving average price of $73.94 and a two-hundred day moving average price of $70.76. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65.

Regency Centers (NASDAQ:REG) last released 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 net margin of 27.78% and a return on equity of 5.85%. The firm had revenue of $360.27 million during the quarter, compared to the consensus estimate of $355.17 million. During the same period in the prior year, the business posted $1.02 earnings per share. Analysts anticipate that Regency Centers will post 4.28 EPS for the current fiscal year.

Regency Centers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 16th were paid a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.86%. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date was Monday, December 16th. Regency Centers’s dividend payout ratio 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.