Regency Centers (NASDAQ:REG) Given New $78.00 Price Target at Robert W. Baird

Regency Centers (NASDAQ:REG) had its price target lifted by research analysts at Robert W. Baird from $71.00 to $78.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 9.21% from the company’s previous close.

A number of other analysts also recently weighed in on REG. Mizuho increased their target price on shares of Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Truist Financial raised their target price on Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Scotiabank raised their target price on Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Raymond James raised their target price on Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Finally, Evercore ISI upgraded Regency Centers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $76.67.

Regency Centers Stock Performance

Regency Centers stock opened at $71.42 on Thursday. The business has a 50 day moving average of $72.14 and a 200-day moving average of $66.14. Regency Centers has a 1 year low of $56.51 and a 1 year high of $75.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.93. The company has a market capitalization of $12.96 billion, a P/E ratio of 33.53, a P/E/G ratio of 4.52 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last released its earnings results on Monday, October 28th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). The firm had revenue of $360.27 million for the quarter, compared to analyst estimates of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same period in the prior year, the company posted $1.02 EPS. On average, equities research analysts predict that Regency Centers will post 4.24 earnings per share for the current year.

Insider Activity at Regency Centers

In other news, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $69.57, for a total value of $69,570.00. Following the completion of the transaction, the vice president now owns 13,010 shares in the company, valued at approximately $905,105.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Regency Centers

Institutional investors and hedge funds have recently bought and sold shares of the company. Fidelis Capital Partners LLC bought a new position in shares of Regency Centers in the 1st quarter worth $27,000. Quest Partners LLC grew its stake in Regency Centers by 25,250.0% during the 2nd quarter. Quest Partners LLC now owns 507 shares of the company’s stock valued at $32,000 after purchasing an additional 505 shares during the last quarter. Family Firm Inc. purchased a new stake in Regency Centers during the 2nd quarter valued at about $44,000. Blue Trust Inc. grew its stake in Regency Centers by 582.1% during the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after purchasing an additional 716 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in Regency Centers during the 1st quarter valued at about $52,000. 96.07% of the stock is 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.