Scotiabank Issues Pessimistic Forecast for Regency Centers (NASDAQ:REG) Stock Price

by · The Cerbat Gem

Regency Centers (NASDAQ:REG – Get Free Report) had its price objective reduced by investment analysts at Scotiabank from $78.00 to $76.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price objective points to a potential upside of 8.97% from the stock’s current price.

Several other research firms also recently commented on REG. UBS Group set a $76.00 target price on Regency Centers in a research report on Wednesday. Royal Bank Of Canada raised Regency Centers to a “sector perform” rating in a report on Friday, January 9th. Jefferies Financial Group set a $79.00 price objective on Regency Centers in a research report on Monday, December 15th. Barclays upgraded shares of Regency Centers from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $83.00 to $82.00 in a research note on Tuesday, November 18th. Finally, Morgan Stanley restated an “overweight” rating and set a $85.00 target price on shares of Regency Centers in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Regency Centers presently has an average rating of “Hold” and an average price target of $78.33.

Check Out Our Latest Stock Report on Regency Centers

Regency Centers Stock Performance

Shares of NASDAQ:REG traded down $0.21 on Wednesday, hitting $69.75. The company had a trading volume of 447,944 shares, compared to its average volume of 1,173,102. The stock has a market cap of $12.76 billion, a price-to-earnings ratio of 32.16, a P/E/G ratio of 2.63 and a beta of 0.93. The stock has a 50 day moving average price of $69.42 and a 200 day moving average price of $70.66. Regency Centers has a 1-year low of $63.44 and a 1-year high of $78.18. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.72.

Regency Centers (NASDAQ:REG – Get Free Report) last announced its earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, hitting the consensus estimate of $1.15. The business had revenue of $387.57 million during the quarter, compared to the consensus estimate of $374.83 million. Regency Centers had a net margin of 27.04% and a return on equity of 6.14%. During the same quarter in the previous year, the firm posted $1.07 EPS. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. Analysts expect that Regency Centers will post 4.54 EPS for the current year.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $70.02, for a total transaction of $1,050,300.00. Following the completion of the transaction, the chairman directly owned 272,958 shares in the company, valued at approximately $19,112,519.16. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Regency Centers

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. increased its position in Regency Centers by 63.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 157 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of Regency Centers during the second quarter worth $31,000. Steigerwald Gordon & Koch Inc. bought a new position in Regency Centers during the third quarter worth $33,000. MUFG Securities EMEA plc bought a new position in Regency Centers during the second quarter worth $34,000. Finally, Financial Consulate Inc. acquired a new position in Regency Centers in the third quarter valued at $38,000. Institutional investors own 96.07% of the company’s stock.

Regency Centers Company Profile

(Get Free Report)

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.

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