Jefferies Financial Group Cuts Regency Centers (NASDAQ:REG) Price Target to $69.00

Regency Centers (NASDAQ:REGGet Rating) had its target price cut by Jefferies Financial Group from $79.00 to $69.00 in a research report report published on Thursday morning, The Fly reports.

REG has been the subject of a number of other research reports. Morgan Stanley cut their price objective on shares of Regency Centers from $73.00 to $67.50 and set an equal weight rating for the company in a research report on Thursday, March 3rd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Regency Centers from $92.00 to $83.00 and set a buy rating for the company in a research report on Thursday, March 31st. Compass Point cut their price objective on shares of Regency Centers from $75.00 to $67.00 and set a neutral rating for the company in a research report on Wednesday, June 22nd. Credit Suisse Group began coverage on shares of Regency Centers in a research note on Wednesday, June 22nd. They issued a neutral rating and a $56.00 target price on the stock. Finally, Truist Financial lowered their target price on shares of Regency Centers from $78.00 to $67.00 and set a buy rating on the stock in a research note on Tuesday, June 21st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $70.86.

Regency Centers stock opened at $60.40 on Thursday. The firm has a market cap of $10.41 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 5.77 and a beta of 1.10. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.19 and a quick ratio of 1.19. Regency Centers has a fifty-two week low of $55.78 and a fifty-two week high of $78.78. The firm has a fifty day moving average price of $64.72 and a two-hundred day moving average price of $68.46.

Regency Centers (NASDAQ:REGGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.69. Regency Centers had a net margin of 39.83% and a return on equity of 7.30%. During the same quarter last year, the company earned $0.90 earnings per share. As a group, sell-side analysts expect that Regency Centers will post 3.89 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 6th. Shareholders of record on Wednesday, June 15th will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $2.50 annualized dividend and a yield of 4.14%. Regency Centers’s dividend payout ratio is 89.93%.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Regency Centers by 1.6% during the first quarter. Vanguard Group Inc. now owns 26,552,444 shares of the company’s stock worth $1,894,252,000 after buying an additional 425,589 shares during the last quarter. Capital World Investors grew its stake in Regency Centers by 1.8% during the first quarter. Capital World Investors now owns 18,168,900 shares of the company’s stock worth $1,296,169,000 after buying an additional 317,892 shares during the last quarter. BlackRock Inc. grew its stake in shares of Regency Centers by 3.8% during the fourth quarter. BlackRock Inc. now owns 17,670,922 shares of the company’s stock valued at $1,331,505,000 after purchasing an additional 647,092 shares during the last quarter. Norges Bank bought a new stake in shares of Regency Centers during the fourth quarter valued at approximately $1,219,112,000. Finally, State Street Corp grew its stake in shares of Regency Centers by 8.1% during the first quarter. State Street Corp now owns 11,923,732 shares of the company’s stock valued at $857,927,000 after purchasing an additional 890,452 shares during the last quarter. 91.72% of the stock is currently owned by hedge funds and other institutional investors.

About Regency Centers (Get Rating)

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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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