Compass Point Boosts Regency Centers (NASDAQ:REG) Price Target to $80.00

Regency Centers (NASDAQ:REG) had its target price raised by Compass Point from $75.00 to $80.00 in a research report report published on Tuesday morning, Benzinga reports. Compass Point currently has a buy rating on the stock.

A number of other research firms have also recently commented on REG. 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 report on Friday, August 16th. JPMorgan Chase & Co. upped their target price on Regency Centers from $71.00 to $77.00 and gave the company an overweight rating in a report on Thursday, August 8th. Evercore ISI upped their target price on Regency Centers from $71.00 to $72.00 and gave the company an outperform rating in a report on Wednesday, August 28th. Mizuho upped their price target on Regency Centers from $67.00 to $73.00 and gave the company an outperform rating in a research note on Monday, August 19th. Finally, Wells Fargo & Company increased their price objective on Regency Centers from $69.00 to $79.00 and gave the company an overweight rating in a report on Wednesday, August 28th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $75.27.

Regency Centers Stock Performance

Shares of REG stock opened at $74.68 on Tuesday. Regency Centers has a 12 month low of $56.29 and a 12 month high of $75.26. The stock has a market cap of $13.55 billion, a PE ratio of 36.43, a price-to-earnings-growth ratio of 4.64 and a beta of 1.21. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The company’s fifty day moving average price is $69.14 and its 200-day moving average price is $63.31.

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

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.59%. Regency Centers’s dividend payout ratio (DPR) is presently 130.73%.

Insider Activity

In other news, VP Michael R. Herman sold 1,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the transaction, the vice president now directly owns 13,010 shares of the company’s stock, valued at $905,105.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman Martin E. Stein, Jr. sold 25,000 shares of Regency Centers stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the transaction, the chairman now directly owns 307,199 shares in the company, valued at $21,503,930. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $69.57, for a total value of $69,570.00. Following the sale, the vice president now directly owns 13,010 shares in the company, valued at $905,105.70. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Regency Centers

Institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in Regency Centers during the second quarter valued at approximately $453,000. B. Riley Wealth Advisors Inc. acquired a new stake in Regency Centers during the second quarter valued at approximately $412,000. Creative Planning boosted its holdings in Regency Centers by 5.0% during the second quarter. Creative Planning now owns 12,460 shares of the company’s stock valued at $775,000 after purchasing an additional 597 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Regency Centers by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 164,792 shares of the company’s stock worth $10,250,000 after acquiring an additional 1,404 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Regency Centers by 43.8% in the 2nd quarter. Millennium Management LLC now owns 83,387 shares of the company’s stock worth $5,187,000 after acquiring an additional 25,379 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

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.