Regency Centers (NASDAQ:REG) Downgraded by Mizuho to “Hold”

Mizuho downgraded shares of Regency Centers (NASDAQ:REG) from a strong-buy rating to a hold rating in a research report sent to investors on Friday,Zacks.com reports.

REG has been the topic of several other research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $85.00 price target on shares of Regency Centers in a report on Monday. Royal Bank Of Canada raised shares of Regency Centers to a “sector perform” rating in a research note on Friday. UBS Group set a $75.00 price target on shares of Regency Centers and gave the stock a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $76.00 price target (down previously from $81.00) on shares of Regency Centers in a report on Thursday, December 18th. Finally, Wells Fargo & Company lifted their price objective on shares of Regency Centers from $81.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $78.42.

Regency Centers Trading Down 1.3%

Shares of Regency Centers stock opened at $69.72 on Friday. The company’s 50-day moving average price is $69.38 and its 200-day moving average price is $70.67. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.72. Regency Centers has a 12-month low of $63.44 and a 12-month high of $78.18. The company has a market cap of $12.75 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 2.64 and a beta of 0.93.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 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 company had revenue of $387.57 million during the quarter, compared to analysts’ expectations of $374.83 million. During the same quarter in the previous year, the company earned $1.07 earnings per share. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. On average, equities analysts expect that Regency Centers will post 4.54 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

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

Insider Activity at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $70.02, for a total value of $1,050,300.00. Following the completion of the sale, the chairman directly owned 272,958 shares in the company, valued at approximately $19,112,519.16. The trade was a 5.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Regency Centers

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in Regency Centers in the second quarter worth $1,219,335,000. Massachusetts Financial Services Co. MA bought a new position in shares of Regency Centers during the third quarter valued at about $107,144,000. Amundi grew its stake in shares of Regency Centers by 91.4% during the second quarter. Amundi now owns 1,530,276 shares of the company’s stock valued at $108,344,000 after buying an additional 730,730 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of Regency Centers in the third quarter worth about $47,563,000. Finally, UBS Group AG lifted its stake in shares of Regency Centers by 78.8% in the 3rd quarter. UBS Group AG now owns 1,337,215 shares of the company’s stock valued at $97,483,000 after acquiring an additional 589,327 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Regency Centers Company Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.