Brokerages Set Regency Centers Co. (NASDAQ:REG) Target Price at $70.73

Shares of Regency Centers Co. (NASDAQ:REG) have been given an average rating of “Moderate Buy” by the ten analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $70.73.

Several equities research analysts have recently issued reports on the stock. Mizuho assumed coverage on shares of Regency Centers in a research report on Thursday, April 18th. They set a “neutral” rating and a $60.00 price objective on the stock. Truist Financial lifted their price target on shares of Regency Centers from $71.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft began coverage on shares of Regency Centers in a report on Tuesday, January 30th. They issued a “buy” rating and a $74.00 price target on the stock. Evercore ISI upgraded shares of Regency Centers from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $69.00 to $71.00 in a report on Monday, January 22nd. Finally, Wells Fargo & Company began coverage on shares of Regency Centers in a report on Thursday, February 1st. They issued an “overweight” rating and a $70.00 price target on the stock.

Institutional Trading of Regency Centers

A number of large investors have recently made changes to their positions in the business. SYSTM Wealth Solutions LLC grew its holdings in Regency Centers by 13.3% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 2,303 shares of the company’s stock valued at $140,000 after purchasing an additional 271 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in Regency Centers by 17.7% during the 1st quarter. Verdence Capital Advisors LLC now owns 5,273 shares of the company’s stock valued at $319,000 after acquiring an additional 794 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Regency Centers by 23.1% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 93,360 shares of the company’s stock valued at $5,654,000 after acquiring an additional 17,500 shares during the period. New Mexico Educational Retirement Board boosted its holdings in Regency Centers by 2.5% during the 1st quarter. New Mexico Educational Retirement Board now owns 8,250 shares of the company’s stock valued at $500,000 after acquiring an additional 200 shares during the period. Finally, Norden Group LLC purchased a new position in Regency Centers during the 1st quarter valued at $321,000. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Stock Performance

Shares of NASDAQ REG opened at $58.28 on Friday. The firm has a fifty day moving average price of $59.90 and a 200-day moving average price of $61.73. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $10.77 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 3.84 and a beta of 1.16. Regency Centers has a 1 year low of $54.72 and a 1 year high of $68.47.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were issued a $0.67 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.60%. Regency Centers’s dividend payout ratio (DPR) is presently 131.37%.

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.