Regency Centers (NASDAQ:REG) Price Target Raised to $78.00

Regency Centers (NASDAQ:REG) had its price objective increased by Scotiabank from $76.00 to $78.00 in a report released on Thursday,Benzinga reports. They currently have a sector perform rating on the stock.

REG has been the topic of several other research reports. Evercore ISI upped their target price on shares of Regency Centers from $76.00 to $77.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Truist Financial raised their price target on shares of Regency Centers from $79.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Mizuho upped their price objective on Regency Centers from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Wall Street Zen upgraded Regency Centers from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Robert W. Baird boosted their price target on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Regency Centers has a consensus rating of “Moderate Buy” and a consensus target price of $79.22.

Regency Centers Trading Down 0.3%

NASDAQ REG opened at $69.59 on Thursday. Regency Centers has a 12 month low of $63.44 and a 12 month high of $78.18. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The stock’s fifty day moving average price is $71.13 and its 200-day moving average price is $71.39. The stock has a market cap of $12.63 billion, a P/E ratio of 32.07, a P/E/G ratio of 2.87 and a beta of 1.07.

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

Regency Centers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be paid a dividend of $0.755 per share. The ex-dividend date is Monday, December 15th. This represents a $3.02 dividend on an annualized basis and a yield of 4.3%. This is a boost from Regency Centers’s previous quarterly dividend of $0.71. Regency Centers’s dividend payout ratio (DPR) is presently 139.17%.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $70.02, for a total value of $1,050,300.00. Following the transaction, the chairman directly owned 272,958 shares in the company, valued at $19,112,519.16. This trade represents a 5.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. boosted its position in Regency Centers by 63.1% in the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 157 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Regency Centers in the 2nd quarter worth approximately $31,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Regency Centers in the third quarter worth approximately $33,000. MUFG Securities EMEA plc purchased a new position in shares of Regency Centers in the second quarter worth approximately $34,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Regency Centers by 42.3% during the first 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. 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.