Argus Upgrades Regency Centers (NASDAQ:REG) to Strong-Buy

Regency Centers (NASDAQ:REG) was upgraded by equities research analysts at Argus to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

REG has been the subject of several other reports. Robert W. Baird boosted their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Barclays lifted their price target on Regency Centers from $79.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. Evercore ISI increased their price objective on Regency Centers from $76.00 to $77.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. LADENBURG THALM/SH SH initiated coverage on Regency Centers in a report on Tuesday, September 9th. They issued a “neutral” rating and a $76.00 price objective on the stock. Finally, Scotiabank lifted their target price on shares of Regency Centers from $75.00 to $76.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.00.

Regency Centers Stock Performance

NASDAQ:REG opened at $68.72 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.20. The stock has a market capitalization of $12.48 billion, a PE ratio of 31.67, a P/E/G ratio of 2.87 and a beta of 1.07. Regency Centers has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The company has a fifty day moving average of $71.45 and a two-hundred day moving average of $71.46.

Regency Centers (NASDAQ:REG) last announced its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.15. Regency Centers had a net margin of 27.04% and a return on equity of 6.14%. The business had revenue of $387.57 million for the quarter, compared to analyst estimates of $374.83 million. During the same quarter last year, the business earned $1.07 earnings per share. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. As a group, research analysts forecast that Regency Centers will post 4.54 earnings per share for the current fiscal year.

Institutional Trading of Regency Centers

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CYBER HORNET ETFs LLC purchased a new stake in shares of Regency Centers in the second quarter valued at about $31,000. Steigerwald Gordon & Koch Inc. purchased a new position in Regency Centers during the third quarter worth about $33,000. MUFG Securities EMEA plc acquired a new position in Regency Centers in the 2nd quarter valued at about $34,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Regency Centers by 42.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company’s stock valued at $37,000 after buying an additional 150 shares during the period. Finally, Financial Consulate Inc. acquired a new stake in shares of Regency Centers during the 3rd quarter worth approximately $38,000. 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.