Regency Centers Co. (NASDAQ:REG – Get Rating) – Analysts at Capital One Financial raised their Q4 2022 EPS estimates for Regency Centers in a research report issued to clients and investors on Tuesday, December 6th. Capital One Financial analyst C. Lucas now anticipates that the company will post earnings of $0.97 per share for the quarter, up from their previous forecast of $0.96. The consensus estimate for Regency Centers’ current full-year earnings is $4.02 per share. Capital One Financial also issued estimates for Regency Centers’ Q1 2023 earnings at $1.02 EPS, Q4 2023 earnings at $1.03 EPS, FY2023 earnings at $4.06 EPS, Q1 2024 earnings at $1.07 EPS, Q2 2024 earnings at $1.06 EPS and FY2024 earnings at $4.26 EPS.
Several other equities analysts also recently commented on the stock. Barclays upped their price objective on shares of Regency Centers from $62.00 to $69.00 and gave the company an “equal weight” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Regency Centers from $72.00 to $69.00 and set a “buy” rating on the stock in a research note on Friday, October 7th. StockNews.com initiated coverage on shares of Regency Centers in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Credit Suisse Group upped their price target on shares of Regency Centers to $63.00 in a research note on Friday, November 4th. Finally, Morgan Stanley upped their price target on shares of Regency Centers from $57.50 to $62.00 and gave the company an “equal weight” rating in a research note on Monday, August 29th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Regency Centers has a consensus rating of “Hold” and an average target price of $68.60.
Regency Centers Price Performance
NASDAQ:REG opened at $65.75 on Thursday. Regency Centers has a one year low of $51.97 and a one year high of $78.78. The company has a market cap of $11.25 billion, a P/E ratio of 24.81, a P/E/G ratio of 4.40 and a beta of 1.12. The firm’s fifty day moving average price is $61.01 and its two-hundred day moving average price is $60.90. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.00 and a quick ratio of 1.00.
Institutional Investors Weigh In On Regency Centers
A number of large investors have recently bought and sold shares of REG. Envestnet Asset Management Inc. lifted its holdings in shares of Regency Centers by 30.2% in the second quarter. Envestnet Asset Management Inc. now owns 236,457 shares of the company’s stock worth $14,024,000 after acquiring an additional 54,891 shares during the last quarter. Kentucky Retirement Systems lifted its holdings in shares of Regency Centers by 3.5% in the first quarter. Kentucky Retirement Systems now owns 9,822 shares of the company’s stock worth $701,000 after acquiring an additional 331 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of Regency Centers by 19.1% in the second quarter. M&T Bank Corp now owns 18,686 shares of the company’s stock worth $1,093,000 after acquiring an additional 2,998 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Regency Centers by 3.4% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 150,955 shares of the company’s stock worth $8,953,000 after acquiring an additional 4,949 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Regency Centers by 2.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 58,327 shares of the company’s stock worth $3,475,000 after acquiring an additional 1,496 shares during the last quarter. 90.32% of the stock is currently owned by institutional investors and hedge funds.
Regency Centers Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Friday, December 16th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.95%. This is an increase from Regency Centers’s previous quarterly dividend of $0.63. The ex-dividend date is Thursday, December 15th. Regency Centers’s dividend payout ratio is presently 94.34%.
Regency Centers Company Profile
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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