Regency Centers (NASDAQ:REG) Coverage Initiated at KeyCorp

Research analysts at KeyCorp initiated coverage on shares of Regency Centers (NASDAQ:REG) in a research report issued to clients and investors on Friday, MarketBeat.com reports. The brokerage set an “overweight” rating and a $80.00 price target on the stock. KeyCorp’s target price points to a potential upside of 12.66% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Scotiabank lifted their target price on shares of Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Mizuho raised their target price on Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Wells Fargo & Company increased their price target on Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Truist Financial boosted their price objective on shares of Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and lifted their price target for the company from $70.00 to $75.00 in a research report on Thursday, September 26th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $76.55.

Regency Centers Price Performance

REG stock opened at $71.01 on Friday. Regency Centers has a 1 year low of $56.51 and a 1 year high of $75.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $13.12 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 4.48 and a beta of 1.21. The business has a 50 day simple moving average of $72.03 and a 200-day simple moving average of $65.72.

Regency Centers (NASDAQ:REG) last issued its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.48). Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. The company had revenue of $357.25 million during the quarter, compared to analysts’ expectations of $361.56 million. During the same quarter in the previous year, the company earned $1.03 earnings per share. Equities research analysts anticipate that Regency Centers will post 4.24 earnings per share for the current fiscal year.

Insider Transactions at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 25,000 shares of Regency Centers stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the transaction, the chairman now directly owns 307,199 shares in the company, valued at approximately $21,503,930. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the sale, the chairman now directly owns 307,199 shares in the company, valued at approximately $21,503,930. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael R. Herman sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the transaction, the vice president now owns 13,010 shares of the company’s stock, valued at $905,105.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Regency Centers

A number of institutional investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. lifted its stake in Regency Centers by 3.3% during the second quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock worth $295,000 after purchasing an additional 152 shares during the last quarter. Azzad Asset Management Inc. ADV raised its holdings in Regency Centers by 4.3% during the third quarter. Azzad Asset Management Inc. ADV now owns 4,543 shares of the company’s stock worth $328,000 after purchasing an additional 189 shares in the last quarter. Tectonic Advisors LLC lifted its position in shares of Regency Centers by 3.0% during the 3rd quarter. Tectonic Advisors LLC now owns 6,941 shares of the company’s stock worth $501,000 after buying an additional 203 shares during the last quarter. Naviter Wealth LLC boosted its holdings in shares of Regency Centers by 2.0% in the 1st quarter. Naviter Wealth LLC now owns 10,901 shares of the company’s stock valued at $667,000 after buying an additional 218 shares in the last quarter. Finally, Greenleaf Trust grew its position in shares of Regency Centers by 5.5% in the 3rd quarter. Greenleaf Trust now owns 4,563 shares of the company’s stock valued at $330,000 after buying an additional 238 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

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.