Wells Fargo & Company Lowers Regency Centers (NASDAQ:REG) Price Target to $80.00

Regency Centers (NASDAQ:REG) had its price target decreased by equities researchers at Wells Fargo & Company from $81.00 to $80.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 10.65% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. Mizuho increased their price target on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. KeyCorp started coverage on Regency Centers in a report on Friday, October 25th. They issued an “overweight” rating and a $80.00 price target for the company. JPMorgan Chase & Co. raised their price objective on shares of Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Evercore ISI decreased their target price on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. Finally, Robert W. Baird raised their price target on shares of Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.08.

Regency Centers Stock Performance

Shares of NASDAQ:REG traded down $0.23 on Wednesday, hitting $72.30. 146,805 shares of the company were exchanged, compared to its average volume of 878,726. 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 stock’s 50 day moving average price is $73.26 and its 200 day moving average price is $71.84. Regency Centers has a 1-year low of $56.51 and a 1-year high of $76.53. The firm has a market capitalization of $13.12 billion, a P/E ratio of 33.94, a price-to-earnings-growth ratio of 3.68 and a beta of 1.22.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.50). Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. The business had revenue of $360.27 million for the quarter, compared to analyst estimates of $355.17 million. During the same quarter in the previous year, the firm posted $1.02 earnings per share. Sell-side analysts predict that Regency Centers will post 4.28 EPS for the current year.

Institutional Trading of Regency Centers

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp increased its position in shares of Regency Centers by 1.1% during the third quarter. State Street Corp now owns 11,768,052 shares of the company’s stock valued at $857,892,000 after acquiring an additional 131,300 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Regency Centers by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock valued at $801,056,000 after buying an additional 435,932 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Regency Centers by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,312,535 shares of the company’s stock valued at $167,034,000 after buying an additional 71,278 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Regency Centers by 1,138.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company’s stock worth $149,932,000 after acquiring an additional 1,908,153 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Regency Centers by 8.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 731,045 shares of the company’s stock valued at $54,046,000 after acquiring an additional 57,020 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

About Regency Centers

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.