Robert W. Baird Forecasts Strong Price Appreciation for Regency Centers (NASDAQ:REG) Stock

Regency Centers (NASDAQ:REG) had its price objective upped by research analysts at Robert W. Baird from $71.00 to $78.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 7.29% from the company’s previous close.

Several other research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating and raised their target price for the stock from $70.00 to $75.00 in a research report on Thursday, September 26th. Raymond James boosted their price objective on shares of Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Evercore ISI upgraded shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Wells Fargo & Company lifted their price objective on Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Finally, Scotiabank increased their target price on shares of Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Two equities 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 stock. According to data from MarketBeat.com, Regency Centers presently has an average rating of “Buy” and an average price target of $76.67.

Regency Centers Stock Performance

REG opened at $72.70 on Thursday. Regency Centers has a 1-year low of $56.51 and a 1-year high of $75.26. The company has a market capitalization of $13.19 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 4.42 and a beta of 1.21. The business has a 50 day moving average price of $72.13 and a two-hundred day moving average price of $66.01. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93.

Regency Centers (NASDAQ:REG) last posted its earnings results 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). The business had revenue of $360.27 million during the quarter, compared to analyst estimates of $355.17 million. Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. During the same quarter last year, the firm earned $1.02 earnings per share. Research analysts predict that Regency Centers will post 4.24 EPS for the current fiscal year.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the firm’s 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 completion of the sale, the chairman now directly owns 307,199 shares of the company’s stock, valued at $21,503,930. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the sale, the chairman now owns 307,199 shares of the company’s stock, valued at $21,503,930. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Michael R. Herman sold 1,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the sale, the vice president now directly owns 13,010 shares in the company, valued at approximately $905,105.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Regency Centers

Hedge funds and other institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. grew its position in shares of Regency Centers by 3.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock worth $295,000 after buying an additional 152 shares during the last quarter. Azzad Asset Management Inc. ADV raised its holdings in Regency Centers by 4.3% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 4,543 shares of the company’s stock worth $328,000 after purchasing an additional 189 shares in the last quarter. Tectonic Advisors LLC lifted its position in shares of Regency Centers by 3.0% in the 3rd 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 period. Greenleaf Trust boosted its stake in shares of Regency Centers by 5.5% during the 3rd quarter. Greenleaf Trust now owns 4,563 shares of the company’s stock valued at $330,000 after purchasing an additional 238 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of Regency Centers by 7.6% during the second quarter. V Square Quantitative Management LLC now owns 3,829 shares of the company’s stock valued at $238,000 after buying an additional 269 shares during the period. Institutional investors own 96.07% of the company’s stock.

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.