Regency Centers (NASDAQ:REG) Receives New Coverage from Analysts at Credit Suisse Group

Credit Suisse Group initiated coverage on shares of Regency Centers (NASDAQ:REGGet Rating) in a research report issued on Wednesday, The Fly reports. The brokerage set a “neutral” rating and a $56.00 price target on the stock. Credit Suisse Group’s price objective would indicate a potential downside of 5.95% from the stock’s previous close.

REG has been the subject of a number of other reports. Truist Financial cut their target price on Regency Centers from $78.00 to $67.00 and set a “buy” rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price target on Regency Centers from $92.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, March 31st. Morgan Stanley reduced their target price on Regency Centers from $73.00 to $67.50 and set an “equal weight” rating on the stock in a report on Thursday, March 3rd. Finally, Compass Point dropped their price target on Regency Centers from $75.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $70.95.

REG stock opened at $59.54 on Wednesday. Regency Centers has a 1-year low of $55.78 and a 1-year high of $78.78. The firm has a market cap of $10.26 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 5.58 and a beta of 1.08. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a fifty day moving average price of $65.99 and a two-hundred day moving average price of $69.03.

Regency Centers (NASDAQ:REGGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.44 by $0.69. Regency Centers had a net margin of 39.83% and a return on equity of 7.30%. During the same period in the previous year, the firm earned $0.90 EPS. As a group, analysts expect that Regency Centers will post 3.89 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in Regency Centers by 325.2% during the 3rd quarter. Royal Bank of Canada now owns 55,595 shares of the company’s stock valued at $3,743,000 after purchasing an additional 80,279 shares during the period. MML Investors Services LLC bought a new stake in shares of Regency Centers in the 3rd quarter worth approximately $227,000. Voloridge Investment Management LLC bought a new stake in shares of Regency Centers in the 3rd quarter worth approximately $260,000. UBS Group AG raised its holdings in Regency Centers by 823.3% in the 3rd quarter. UBS Group AG now owns 90,821 shares of the company’s stock worth $6,114,000 after acquiring an additional 80,984 shares during the last quarter. Finally, Squarepoint Ops LLC raised its holdings in Regency Centers by 90.1% in the 3rd quarter. Squarepoint Ops LLC now owns 15,382 shares of the company’s stock worth $1,036,000 after acquiring an additional 7,290 shares during the last quarter. 91.72% of the stock is owned by institutional investors.

Regency Centers Company Profile (Get Rating)

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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.

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