Brokerages Set Regency Centers Corporation (NASDAQ:REG) Target Price at $78.42

Regency Centers Corporation (NASDAQ:REG) has been assigned an average rating of “Hold” from the fifteen ratings firms that are covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $78.4167.

A number of research analysts have commented on REG shares. Truist Financial decreased their price target on Regency Centers from $81.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, November 18th. Argus upgraded Regency Centers to a “strong-buy” rating in a report on Wednesday, November 5th. Scotiabank increased their target price on Regency Centers from $76.00 to $78.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. UBS Group set a $75.00 target price on Regency Centers and gave the company a “neutral” rating in a report on Friday, January 9th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $85.00 price target on shares of Regency Centers in a research note on Monday, January 5th.

Insiders Place Their Bets

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $70.02, for a total transaction of $1,050,300.00. Following the sale, the chairman directly owned 272,958 shares in the company, valued at $19,112,519.16. This represents a 5.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Regency Centers

A number of large investors have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Regency Centers during the second quarter worth about $1,219,335,000. State Street Corp raised its holdings in Regency Centers by 3.1% in the third quarter. State Street Corp now owns 12,403,992 shares of the company’s stock valued at $912,739,000 after acquiring an additional 368,031 shares in the last quarter. Geode Capital Management LLC lifted its stake in Regency Centers by 1.4% in the second quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock worth $339,669,000 after acquiring an additional 65,719 shares during the last quarter. Boston Partners grew its holdings in Regency Centers by 2.1% during the 3rd quarter. Boston Partners now owns 3,540,137 shares of the company’s stock worth $258,062,000 after acquiring an additional 72,584 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Regency Centers by 3.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,426,163 shares of the company’s stock worth $172,816,000 after acquiring an additional 77,978 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Trading Down 0.3%

Shares of REG stock opened at $69.96 on Friday. Regency Centers has a 1-year low of $63.44 and a 1-year high of $78.18. The firm has a market cap of $12.80 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 2.63 and a beta of 0.93. The company has a 50-day moving average of $69.42 and a two-hundred day moving average of $70.66. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.20.

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

Regency Centers Increases Dividend

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

About Regency Centers

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.