Regency Centers (NASDAQ:REG) Raised to Hold at Scotiabank

Regency Centers (NASDAQ:REG) was upgraded by stock analysts at Scotiabank to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.

REG has been the topic of several other research reports. Weiss Ratings downgraded Regency Centers from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Raymond James Financial restated an “outperform” rating and set a $88.00 target price on shares of Regency Centers in a report on Monday, June 29th. Evercore set a $83.00 price target on Regency Centers in a research note on Thursday, July 30th. Wells Fargo & Company lowered their price objective on Regency Centers from $90.00 to $88.00 and set an “overweight” rating for the company in a research report on Wednesday, August 19th. Finally, Jefferies Financial Group upgraded Regency Centers to a “strong-buy” rating in a research report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.76.

Regency Centers Price Performance

REG stock opened at $72.95 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.25 and a current ratio of 1.25. Regency Centers has a 52 week low of $66.86 and a 52 week high of $83.66. The firm’s fifty day moving average is $77.58 and its 200 day moving average is $78.00. The firm has a market cap of $13.36 billion, a P/E ratio of 24.73, a P/E/G ratio of 4.34 and a beta of 0.79.

Regency Centers (NASDAQ:REG) last issued its earnings results on Wednesday, July 29th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.62. The company had revenue of $413.51 million for the quarter, compared to analysts’ expectations of $411.07 million. Regency Centers had a net margin of 34.38% and a return on equity of 8.04%. During the same quarter last year, the company earned $1.16 EPS. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. Research analysts predict that Regency Centers will post 4.86 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. National Pension Service increased its stake in shares of Regency Centers by 60.9% during the second quarter. National Pension Service now owns 18,016 shares of the company’s stock valued at $1,437,000 after buying an additional 6,821 shares during the period. WINTON GROUP Ltd bought a new stake in Regency Centers in the second quarter valued at $901,000. Engineers Gate Manager LP boosted its holdings in Regency Centers by 1,368.4% in the second quarter. Engineers Gate Manager LP now owns 56,594 shares of the company’s stock valued at $4,513,000 after acquiring an additional 52,740 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Regency Centers during the 2nd quarter valued at $124,000. Finally, Allworth Financial LP increased its position in Regency Centers by 14.8% during the 2nd quarter. Allworth Financial LP now owns 9,652 shares of the company’s stock valued at $770,000 after purchasing an additional 1,245 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

About Regency Centers

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.