Regency Centers (NASDAQ:REG) Price Target Raised to $78.00 at Scotiabank

Regency Centers (NASDAQ:REG) had its price target hoisted by research analysts at Scotiabank from $76.00 to $78.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 11.63% from the stock’s current price.

REG has been the topic of a number of other research reports. Mizuho upped their price target on Regency Centers from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Wall Street Zen raised shares of Regency Centers from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Evercore ISI increased their price objective on Regency Centers from $76.00 to $77.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Robert W. Baird lifted their target price on shares of Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Regency Centers in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Regency Centers has a consensus rating of “Moderate Buy” and an average target price of $79.22.

Regency Centers Stock Down 0.2%

Shares of NASDAQ REG traded down $0.13 during mid-day trading on Thursday, reaching $69.87. 426,238 shares of the company’s stock traded hands, compared to its average volume of 1,102,927. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.13. The stock has a market cap of $12.69 billion, a P/E ratio of 32.20, a PEG ratio of 2.87 and a beta of 1.07. The business has a 50-day simple moving average of $71.28 and a 200 day simple moving average of $71.42. Regency Centers has a 1-year low of $63.44 and a 1-year high of $78.18.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.15. The firm had revenue of $387.57 million during the quarter, compared to the consensus estimate of $374.83 million. Regency Centers had a return on equity of 6.14% and a net margin of 27.04%.During the same quarter in the prior year, the company earned $1.07 EPS. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. On average, analysts expect that Regency Centers will post 4.54 EPS for the current fiscal year.

Insider Activity

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $70.02, for a total transaction of $1,050,300.00. Following the completion of the transaction, the chairman owned 272,958 shares in the company, valued at $19,112,519.16. This trade represents a 5.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Regency Centers

Hedge funds have recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC bought a new position in shares of Regency Centers during the second quarter valued at approximately $31,000. Steigerwald Gordon & Koch Inc. purchased a new position in Regency Centers in the 3rd quarter worth about $33,000. MUFG Securities EMEA plc bought a new stake in Regency Centers during the 2nd quarter valued at about $34,000. Caitong International Asset Management Co. Ltd boosted its position in Regency Centers by 42.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company’s stock valued at $37,000 after buying an additional 150 shares during the period. Finally, Financial Consulate Inc. purchased a new position in shares of Regency Centers during the third quarter worth approximately $38,000. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Company Profile

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.