Regency Centers (NASDAQ:REG) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Regency Centers (NASDAQ:REG) from a sell rating to a hold rating in a report released on Saturday morning.

Several other brokerages have also commented on REG. Barclays upped their price target on shares of Regency Centers from $77.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 27th. Evercore ISI upped their price objective on Regency Centers from $76.00 to $77.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. LADENBURG THALM/SH SH assumed coverage on Regency Centers in a research report on Tuesday, September 9th. They issued a “neutral” rating and a $76.00 target price on the stock. Robert W. Baird boosted their price target on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Finally, Scotiabank upped their price target on 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 investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $79.09.

Regency Centers Stock Performance

Regency Centers stock opened at $71.14 on Friday. The stock has a fifty day moving average price of $71.82 and a 200 day moving average price of $71.40. Regency Centers has a 52 week low of $63.44 and a 52 week high of $78.18. The firm has a market capitalization of $12.92 billion, a P/E ratio of 33.24, a PEG ratio of 3.10 and a beta of 1.09. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.12 by $0.04. The company had revenue of $369.85 million during the quarter, compared to analysts’ expectations of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Equities research analysts anticipate that Regency Centers will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a $0.705 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $2.82 annualized dividend and a yield of 4.0%. Regency Centers’s dividend payout ratio (DPR) is 131.78%.

Institutional Investors Weigh In On Regency Centers

A number of large investors have recently modified their holdings of REG. Norges Bank purchased a new stake in shares of Regency Centers during the 2nd quarter valued at about $1,219,335,000. Nuveen LLC purchased a new stake in shares of Regency Centers during the first quarter valued at approximately $182,926,000. Wellington Management Group LLP raised its stake in shares of Regency Centers by 2,846.0% during the first quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company’s stock valued at $92,659,000 after purchasing an additional 1,213,586 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its position in shares of Regency Centers by 63.5% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,521,633 shares of the company’s stock worth $185,996,000 after purchasing an additional 979,126 shares in the last quarter. Finally, Amundi boosted its stake in shares of Regency Centers by 91.4% in the second quarter. Amundi now owns 1,530,276 shares of the company’s stock valued at $108,344,000 after purchasing an additional 730,730 shares during the period. Institutional investors and hedge funds 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.