Brokerages Set Regency Centers Corporation (NASDAQ:REG) PT at $83.76

Regency Centers Corporation (NASDAQ:REG) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $83.7647.

Several equities analysts recently commented on REG shares. Evercore set a $83.00 price target on shares of Regency Centers in a research note on Thursday, July 30th. Barclays lifted their price objective 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. Deutsche Bank Aktiengesellschaft downgraded shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price objective for the company. in a report on Friday, May 29th. BTIG Research reaffirmed a “buy” rating and set a $85.00 target price on shares of Regency Centers in a report on Friday, June 12th. Finally, Jefferies Financial Group upgraded shares of Regency Centers to a “strong-buy” rating in a research report on Friday, June 26th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of REG. BlackRock Inc. acquired a new stake in shares of Regency Centers during the 2nd quarter worth approximately $1,597,868,000. Norges Bank acquired a new position in Regency Centers during the fourth quarter valued at approximately $1,183,667,000. Deutsche Bank AG acquired a new position in Regency Centers during the second quarter valued at approximately $170,282,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Regency Centers by 18,982.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,953,088 shares of the company’s stock worth $155,739,000 after purchasing an additional 1,942,853 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in Regency Centers during the second quarter worth $109,394,000. Institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Performance

Shares of REG stock opened at $72.95 on Friday. The firm has a 50 day moving average price of $77.58 and a two-hundred day moving average price of $77.99. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $13.36 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 4.33 and a beta of 0.79. Regency Centers has a 12-month low of $66.86 and a 12-month high of $83.66.

Regency Centers (NASDAQ:REG) last posted its earnings results on Wednesday, July 29th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $0.59 by $0.62. The company 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 quarter 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. As a group, analysts predict that Regency Centers will post 4.86 earnings per share for the current year.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be given a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, September 11th. Regency Centers’s dividend payout ratio is presently 102.37%.

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.