Analysts Set Regency Centers Co. (NASDAQ:REG) PT at $76.92

Shares of Regency Centers Co. (NASDAQ:REG) have been given a consensus recommendation of “Buy” by the twelve brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $76.92.

REG has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and increased their price objective for the company from $70.00 to $75.00 in a report on Thursday, September 26th. Raymond James raised their price target on Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. KeyCorp initiated coverage on Regency Centers in a report on Friday, October 25th. They issued an “overweight” rating and a $80.00 price objective for the company. Scotiabank raised their target price on Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Finally, JPMorgan Chase & Co. upped their price target on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, November 4th.

Regency Centers Trading Up 0.1 %

Shares of REG stock opened at $73.77 on Tuesday. The stock has a market cap of $13.39 billion, a price-to-earnings ratio of 34.63, a P/E/G ratio of 4.54 and a beta of 1.21. The firm has a fifty day moving average of $72.38 and a 200-day moving average of $67.39. Regency Centers has a 52-week low of $56.51 and a 52-week high of $75.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. The firm had revenue of $360.27 million during the quarter, compared to analyst estimates of $355.17 million. During the same quarter last year, the firm earned $1.02 earnings per share. On average, equities research analysts forecast that Regency Centers will post 4.28 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.82%. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Monday, December 16th. Regency Centers’s dividend payout ratio is presently 125.82%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in REG. Janney Montgomery Scott LLC boosted its stake in Regency Centers by 8.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,824 shares of the company’s stock valued at $292,000 after purchasing an additional 358 shares during the period. Swiss National Bank lifted its holdings in shares of Regency Centers by 1.4% in the first quarter. Swiss National Bank now owns 525,128 shares of the company’s stock worth $31,802,000 after acquiring an additional 7,000 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of Regency Centers in the 1st quarter valued at approximately $445,000. Russell Investments Group Ltd. grew its holdings in shares of Regency Centers by 67.0% during the 1st quarter. Russell Investments Group Ltd. now owns 987,147 shares of the company’s stock valued at $59,768,000 after purchasing an additional 395,901 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Regency Centers by 13.4% during the 1st quarter. US Bancorp DE now owns 7,713 shares of the company’s stock valued at $467,000 after purchasing an additional 913 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

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.