Regency Centers (NASDAQ:REG) Price Target Raised to $80.00

Regency Centers (NASDAQ:REG) had its price target boosted by Mizuho from $78.00 to $80.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts also recently commented on REG. Compass Point increased their price objective on shares of Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a “buy” rating to a “hold” rating and lifted their price target for the stock from $70.00 to $75.00 in a research note on Thursday, September 26th. BTIG Research raised their target price on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. KeyCorp began coverage on shares of Regency Centers in a research report on Friday, October 25th. They set an “overweight” rating and a $80.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price target on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.00.

Regency Centers Stock Down 0.0 %

Shares of NASDAQ REG opened at $70.15 on Wednesday. The stock has a fifty day moving average price of $73.83 and a 200 day moving average price of $70.88. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65. Regency Centers has a 12-month low of $56.51 and a 12-month high of $76.53. The company has a market cap of $12.73 billion, a P/E ratio of 32.93, a P/E/G ratio of 4.16 and a beta of 1.22.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.50). The company had revenue of $360.27 million for the quarter, compared to analyst estimates 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 last year, the firm posted $1.02 earnings per share. Research analysts anticipate that Regency Centers will post 4.28 EPS for the current fiscal year.

Regency Centers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 16th were given a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 4.02%. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date was Monday, December 16th. Regency Centers’s payout ratio is presently 132.39%.

Hedge Funds Weigh In On Regency Centers

Several institutional investors and hedge funds have recently modified their holdings of REG. Glenmede Trust Co. NA increased its holdings in Regency Centers by 4.4% in the third 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 last quarter. Coldstream Capital Management Inc. increased its stake in shares of Regency Centers by 4.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company’s stock worth $286,000 after purchasing an additional 163 shares during the period. Azzad Asset Management Inc. ADV boosted its position in shares of Regency Centers by 4.3% in 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 during the period. Tectonic Advisors LLC boosted its holdings in Regency Centers by 3.0% in the 3rd 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 increased its holdings in shares of Regency Centers by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 27,046 shares of the company’s stock worth $1,954,000 after purchasing an additional 212 shares during the period. 96.07% of the stock is currently 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.