Evercore ISI Cuts Regency Centers (NASDAQ:REG) Price Target to $77.00

Regency Centers (NASDAQ:REG) had its price target cut by Evercore ISI from $78.00 to $77.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an in-line rating on the stock.

Other equities analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a “buy” rating to a “hold” rating and increased their price objective for the stock from $70.00 to $75.00 in a report on Thursday, September 26th. BTIG Research upped their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Compass Point lifted their target price on shares of Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. increased their target price on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, Scotiabank upped their price target 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. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Regency Centers has an average rating of “Moderate Buy” and an average target price of $77.42.

Regency Centers Stock Up 0.1 %

Shares of Regency Centers stock opened at $74.61 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95. Regency Centers has a 52-week low of $56.51 and a 52-week high of $76.53. The company’s 50 day moving average price is $73.76 and its 200-day moving average price is $70.11. The stock has a market capitalization of $13.54 billion, a price-to-earnings ratio of 35.03, a P/E/G ratio of 4.16 and a beta of 1.22.

Regency Centers (NASDAQ:REG) last posted its earnings results on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.50). The business had revenue of $360.27 million during the quarter, compared to the consensus estimate of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same period in the previous year, the business earned $1.02 earnings per share. Equities research analysts forecast that Regency Centers will post 4.28 EPS for the current year.

Regency Centers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be issued a $0.705 dividend. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date is Monday, December 16th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.78%. Regency Centers’s payout ratio is 132.39%.

Institutional Trading of Regency Centers

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Glenmede Trust Co. NA increased its stake in Regency Centers by 4.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock worth $244,000 after buying an additional 141 shares during the period. Coldstream Capital Management Inc. increased its position in shares of Regency Centers by 4.3% during the third quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company’s stock worth $286,000 after acquiring an additional 163 shares during the period. Azzad Asset Management Inc. ADV raised its stake in shares of Regency Centers by 4.3% during the third quarter. Azzad Asset Management Inc. ADV now owns 4,543 shares of the company’s stock valued at $328,000 after acquiring an additional 189 shares in the last quarter. Tectonic Advisors LLC boosted its holdings in shares of Regency Centers by 3.0% in the third quarter. Tectonic Advisors LLC now owns 6,941 shares of the company’s stock valued at $501,000 after purchasing an additional 203 shares during the period. Finally, Groupama Asset Managment grew its stake in Regency Centers by 0.8% in the third quarter. Groupama Asset Managment now owns 27,046 shares of the company’s stock worth $1,954,000 after purchasing an additional 212 shares in 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.