Wells Fargo & Company Cuts Regency Centers (NASDAQ:REG) Price Target to $88.00

Regency Centers (NASDAQ:REG) had its price objective cut by Wells Fargo & Company from $90.00 to $88.00 in a research note published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also recently commented on REG. LADENBURG THALM/SH SH increased their target price on Regency Centers from $83.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Morgan Stanley lifted their price target on Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Raymond James Financial reiterated an “outperform” rating and issued a $88.00 price target on shares of Regency Centers in a research note on Monday, June 29th. Evercore set a $83.00 price objective on shares of Regency Centers in a research report on Thursday, July 30th. Finally, Jefferies Financial Group upgraded shares of Regency Centers to a “strong-buy” rating in a research note on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.82.

Regency Centers Price Performance

Shares of NASDAQ REG opened at $76.06 on Wednesday. The company has a 50 day simple moving average of $79.29 and a two-hundred day simple moving average of $78.14. Regency Centers has a fifty-two week low of $66.86 and a fifty-two week high of $83.66. The company has a market capitalization of $13.93 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 3.20 and a beta of 0.80. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.25 and a current ratio of 1.25.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.62. Regency Centers had a return on equity of 8.04% and a net margin of 34.38%.The company had revenue of $413.51 million for the quarter, compared to the consensus estimate of $411.07 million. During the same quarter in the prior year, the business posted $1.16 EPS. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. Analysts expect that Regency Centers will post 4.86 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, September 11th. Regency Centers’s dividend payout ratio is 102.37%.

Insider Activity

In related news, insider Terah L. Devereaux sold 1,240 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $80.14, for a total value of $99,373.60. Following the transaction, the insider owned 17,990 shares of the company’s stock, valued at approximately $1,441,718.60. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its position in shares of Regency Centers by 15.4% during the 1st quarter. AQR Capital Management LLC now owns 64,337 shares of the company’s stock valued at $4,701,000 after acquiring an additional 8,563 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Regency Centers by 3.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company’s stock valued at $1,099,000 after purchasing an additional 557 shares in the last quarter. Empowered Funds LLC lifted its position in Regency Centers by 9.6% during the first quarter. Empowered Funds LLC now owns 5,856 shares of the company’s stock valued at $432,000 after purchasing an additional 511 shares in the last quarter. Jane Street Group LLC grew its holdings in Regency Centers by 81.5% during the first quarter. Jane Street Group LLC now owns 8,247 shares of the company’s stock valued at $608,000 after purchasing an additional 3,702 shares during the period. Finally, Intech Investment Management LLC grew its holdings in Regency Centers by 47.6% during the first quarter. Intech Investment Management LLC now owns 20,011 shares of the company’s stock valued at $1,476,000 after purchasing an additional 6,451 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Company Profile

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.