BTIG Research Issues Positive Forecast for Regency Centers (NASDAQ:REG) Stock Price

by · The Cerbat Gem

Regency Centers (NASDAQ:REG – Get Free Report) had its price target raised by analysts at BTIG Research from $72.00 to $79.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price objective indicates a potential upside of 4.06% from the company’s previous close.

REG has been the subject of a number of other research reports. Mizuho raised their price objective on shares of Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. JPMorgan Chase & Co. upped their price target on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. KeyCorp assumed coverage on shares of Regency Centers in a research note on Friday, October 25th. They set an “overweight” rating and a $80.00 price objective for the company. Compass Point raised their price target on shares of Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Scotiabank boosted their price target on shares of Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Regency Centers presently has an average rating of “Buy” and an average price target of $77.08.

Read Our Latest Stock Analysis on Regency Centers

Regency Centers Stock Up 1.2 %

Shares of REG traded up $0.92 during trading hours on Wednesday, reaching $75.92. The stock had a trading volume of 155,095 shares, compared to its average volume of 1,098,977. The firm has a 50-day simple moving average of $72.37 and a 200 day simple moving average of $68.04. Regency Centers has a 12 month low of $56.51 and a 12 month high of $76.14. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $13.78 billion, a price-to-earnings ratio of 35.64, a P/E/G ratio of 4.08 and a beta of 1.21.

Regency Centers (NASDAQ:REG – Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.50). Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. The company 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 company posted $1.02 EPS. Equities research analysts predict that Regency Centers will post 4.28 earnings per share for the current fiscal year.

Institutional Trading of Regency Centers

Several hedge funds have recently added to or reduced their stakes in REG. Quest Partners LLC lifted its position in Regency Centers by 25,250.0% in the second 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 $44,000. Blue Trust Inc. grew its holdings in Regency Centers by 582.1% in the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock worth $51,000 after acquiring an additional 716 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of 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 acquiring an additional 600 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Regency Centers during the second quarter worth about $60,000. 96.07% of the stock is owned by institutional investors.

About Regency Centers

(Get Free Report)

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.

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