Regency Centers (NASDAQ:REG) Downgraded by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft downgraded shares of Regency Centers (NASDAQ:REG) from a buy rating to a hold rating in a research note issued to investors on Thursday, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has $75.00 price objective on the stock, up from their prior price objective of $70.00.

A number of other research firms also recently issued reports on REG. Wells Fargo & Company lifted their price objective on shares of Regency Centers from $69.00 to $79.00 and gave the stock an overweight rating in a report on Wednesday, August 28th. Truist Financial upped their price objective on shares of Regency Centers from $70.00 to $78.00 and gave the company a buy rating in a report on Friday, August 16th. Evercore ISI downgraded shares of Regency Centers from an outperform rating to an inline rating and upped their price objective for the company from $72.00 to $75.00 in a report on Monday, September 16th. Raymond James upped their price target on Regency Centers from $67.00 to $75.00 and gave the company an outperform rating in a research report on Friday, August 16th. Finally, Mizuho upped their price objective on shares of Regency Centers from $67.00 to $73.00 and gave the stock an outperform rating in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $76.20.

Regency Centers Stock Up 0.7 %

Shares of NASDAQ REG opened at $71.45 on Thursday. The company has a market capitalization of $13.20 billion, a P/E ratio of 34.85, a price-to-earnings-growth ratio of 4.52 and a beta of 1.21. Regency Centers has a 52-week low of $56.29 and a 52-week high of $75.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The company’s 50 day moving average price is $70.81 and its 200-day moving average price is $64.09.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.48). The company had revenue of $357.25 million during the quarter, compared to the consensus estimate of $361.56 million. Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. During the same quarter in the prior year, the firm earned $1.03 EPS. Equities analysts forecast that Regency Centers will post 4.23 earnings per share for the current year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Thursday, September 12th. Regency Centers’s dividend payout ratio (DPR) is presently 130.73%.

Insider Buying and Selling

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the transaction, the chairman now owns 307,199 shares in the company, valued at $21,503,930. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the transaction, the chairman now directly owns 307,199 shares in the company, valued at $21,503,930. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael R. Herman sold 1,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the transaction, the vice president now owns 13,010 shares of the company’s stock, valued at $905,105.70. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of REG. Fidelis Capital Partners LLC purchased a new position in shares of Regency Centers during the 1st quarter valued at about $27,000. Quest Partners LLC raised its holdings in shares of Regency Centers by 25,250.0% during the 2nd quarter. Quest Partners LLC now owns 507 shares of the company’s stock worth $32,000 after acquiring an additional 505 shares in the last quarter. Family Firm Inc. purchased a new stake in shares of Regency Centers during the 2nd quarter worth approximately $44,000. Blue Trust Inc. raised its holdings in Regency Centers by 582.1% during the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after buying an additional 716 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in Regency Centers during the 1st quarter valued at $52,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Company Profile

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.