Regency Centers (NASDAQ:REG) Given New $79.00 Price Target at BTIG Research

Regency Centers (NASDAQ:REG) had its price objective lifted by BTIG Research from $72.00 to $79.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms have also weighed in on REG. Robert W. Baird increased their price objective on shares of Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Evercore ISI upgraded Regency Centers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating and boosted their price objective for the company from $70.00 to $75.00 in a report on Thursday, September 26th. Scotiabank increased 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. Finally, Compass Point boosted their target price 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. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $77.08.

Regency Centers Stock Performance

NASDAQ REG opened at $75.91 on Wednesday. The business’s 50 day moving average price is $72.42 and its 200-day moving average price is $68.09. Regency Centers has a fifty-two week low of $56.51 and a fifty-two week high of $76.14. The company has a market cap of $13.78 billion, a P/E ratio of 35.64, a P/E/G ratio of 4.08 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data 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). Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. The firm had revenue of $360.27 million for the quarter, compared to the consensus estimate of $355.17 million. During the same quarter last year, the firm earned $1.02 EPS. Sell-side analysts predict that Regency Centers will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be given a dividend of $0.705 per share. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.82 dividend on an annualized basis and a yield of 3.71%. Regency Centers’s dividend payout ratio (DPR) is 125.82%.

Hedge Funds Weigh In On Regency Centers

Hedge funds and other institutional investors have recently modified their holdings of the business. Quest Partners LLC lifted its holdings in Regency Centers by 25,250.0% during the second quarter. Quest Partners LLC now owns 507 shares of the company’s stock worth $32,000 after buying an additional 505 shares during the period. Family Firm Inc. purchased a new stake in shares of Regency Centers during the 2nd quarter worth $44,000. Blue Trust Inc. boosted its position in Regency Centers by 582.1% during the second quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after purchasing an additional 716 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Regency Centers by 300.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock valued at $58,000 after purchasing an additional 600 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Regency Centers in the second quarter valued at about $60,000. 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.