Regency Centers (NASDAQ:REG) Rating Increased to Strong-Buy at Argus

Regency Centers (NASDAQ:REG) was upgraded by equities research analysts at Argus to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company lifted their target price on shares of Regency Centers from $81.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Evercore ISI lifted their price objective on Regency Centers from $76.00 to $77.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Barclays boosted their price objective on Regency Centers from $79.00 to $83.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Truist Financial increased their target price on Regency Centers from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Finally, Wall Street Zen raised Regency Centers from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Regency Centers presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.

Regency Centers Stock Down 1.0%

Shares of REG opened at $68.72 on Wednesday. The company’s 50-day moving average price is $71.45 and its 200 day moving average price is $71.46. 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 firm has a market cap of $12.48 billion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 2.87 and a beta of 1.07.

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

Institutional Trading of Regency Centers

Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Regency Centers during the 2nd quarter worth approximately $1,219,335,000. Nuveen LLC acquired a new stake in shares of Regency Centers in the 1st quarter valued at $182,926,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Regency Centers during the 3rd quarter worth $107,144,000. Wellington Management Group LLP lifted its position in shares of Regency Centers by 2,846.0% during the 1st quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company’s stock worth $92,659,000 after purchasing an additional 1,213,586 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC grew its stake 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. 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.