Regency Centers (NASDAQ:REG) Downgraded to “Hold” at Deutsche Bank Aktiengesellschaft

Regency Centers (NASDAQ:REG) was downgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They currently have a $75.00 price objective on the stock, up from their prior price objective of $70.00. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 4.97% from the company’s previous close.

A number of other brokerages also recently commented on REG. Compass Point lifted their target price on shares of Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Raymond James boosted their price target on shares of Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Truist Financial boosted their price target on shares of Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Mizuho boosted their price target on shares of Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Regency Centers from $71.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.20.

Regency Centers Stock Performance

NASDAQ:REG opened at $71.45 on Thursday. The company’s 50-day moving average price is $70.81 and its 200-day moving average price is $64.06. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The company has a market cap of $12.97 billion, a P/E ratio of 34.85, a P/E/G ratio of 4.50 and a beta of 1.21. Regency Centers has a twelve month low of $56.29 and a twelve month high of $75.26.

Regency Centers (NASDAQ:REG) last issued its earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.48). Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. The firm had revenue of $357.25 million for the quarter, compared to analysts’ expectations of $361.56 million. During the same period last year, the firm earned $1.03 earnings per share. On average, sell-side analysts forecast that Regency Centers will post 4.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $69.57, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Michael R. Herman sold 1,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the transaction, the chairman now owns 307,199 shares of the company’s stock, valued at approximately $21,503,930. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Regency Centers by 18.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 312,155 shares of the company’s stock valued at $18,904,000 after purchasing an additional 49,188 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position in Regency Centers by 36.9% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 375,952 shares of the company’s stock valued at $25,189,000 after purchasing an additional 101,260 shares during the last quarter. FORA Capital LLC raised its position in Regency Centers by 493.7% in the 1st quarter. FORA Capital LLC now owns 25,061 shares of the company’s stock valued at $1,518,000 after purchasing an additional 20,840 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Regency Centers by 10.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company’s stock valued at $547,995,000 after purchasing an additional 873,062 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in Regency Centers by 14.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 116,726 shares of the company’s stock valued at $6,998,000 after purchasing an additional 14,410 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.