Scotiabank upgraded shares of Regency Centers (NASDAQ:REG – Free Report) to a hold rating in a research report released on Thursday morning,Zacks reports.
Other equities analysts have also issued research reports about the stock. Evercore set a $83.00 price objective on shares of Regency Centers in a research report on Thursday, July 30th. Barclays lifted their target price on shares of Regency Centers from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, August 17th. Raymond James Financial reissued an “outperform” rating and set a $88.00 price target on shares of Regency Centers in a research note on Monday, June 29th. Argus set a $85.00 price objective on Regency Centers in a report on Monday, August 10th. Finally, BTIG Research reiterated a “buy” rating and issued a $85.00 target price on shares of Regency Centers in a research note on Friday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Regency Centers has an average rating of “Moderate Buy” and a consensus price target of $83.76.
View Our Latest Stock Analysis on REG
Regency Centers Price Performance
Regency Centers (NASDAQ:REG – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.62. The business had revenue of $413.51 million for the quarter, compared to the consensus estimate of $411.07 million. Regency Centers had a return on equity of 8.04% and a net margin of 34.38%.During the same period in the prior year, the business earned $1.16 earnings per share. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. On average, analysts forecast that Regency Centers will post 4.86 EPS for the current fiscal year.
Regency Centers Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a dividend of $0.755 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.02 annualized dividend and a yield of 4.1%. Regency Centers’s dividend payout ratio is 102.37%.
Hedge Funds Weigh In On Regency Centers
Hedge funds have recently made changes to their positions in the stock. Inspire Investing LLC increased its holdings in shares of Regency Centers by 0.6% during the 1st quarter. Inspire Investing LLC now owns 22,480 shares of the company’s stock worth $1,701,000 after buying an additional 141 shares during the last quarter. Tema ETFs LLC grew its position in Regency Centers by 7.1% during the second quarter. Tema ETFs LLC now owns 2,184 shares of the company’s stock valued at $174,000 after acquiring an additional 145 shares during the period. Lansforsakringar Fondforvaltning AB publ increased its stake in Regency Centers by 0.3% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 53,961 shares of the company’s stock worth $4,083,000 after acquiring an additional 168 shares during the last quarter. Somerset Trust Co raised its holdings in shares of Regency Centers by 5.5% in the 2nd quarter. Somerset Trust Co now owns 3,422 shares of the company’s stock worth $273,000 after purchasing an additional 177 shares during the period. Finally, New Mexico Educational Retirement Board increased its position in Regency Centers by 2.7% during the 4th quarter. New Mexico Educational Retirement Board now owns 7,550 shares of the company’s stock worth $521,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.
Regency Centers Company Profile
Regency Centers Corporation (NASDAQ: REG) is a self-administered and self-managed real estate investment trust that owns, operates, develops and redevelops retail properties in the United States. The company primarily focuses on high-quality, grocery-anchored shopping centers designed to serve the daily needs of surrounding communities.
Regency’s properties typically include supermarkets, restaurants, specialty retailers, service providers and other complementary tenants. Its activities include leasing and managing shopping centers, pursuing redevelopment opportunities and developing new retail properties in established, attractive trade areas.
Headquartered in Jacksonville, Florida, Regency Centers traces its roots to 1963 and serves communities across major metropolitan areas in the United States.
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