Brokerages Set Regency Centers Co. (NASDAQ:REG) Target Price at $70.00

Regency Centers Co. (NASDAQ:REG) has been assigned an average rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $70.09.

A number of equities research analysts have weighed in on the company. Truist Financial lowered their price target on Regency Centers from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday. Mizuho lifted their price objective on Regency Centers from $60.00 to $61.00 and gave the stock a “neutral” rating in a report on Thursday. Scotiabank decreased their price objective on Regency Centers from $68.00 to $65.00 and set a “sector perform” rating on the stock in a report on Thursday, May 16th. Deutsche Bank Aktiengesellschaft assumed coverage on Regency Centers in a report on Tuesday, January 30th. They issued a “buy” rating and a $74.00 price objective on the stock. Finally, Wells Fargo & Company assumed coverage on Regency Centers in a report on Thursday, February 1st. They issued an “overweight” rating and a $70.00 price objective on the stock.

Institutional Trading of Regency Centers

Several large investors have recently bought and sold shares of REG. Commonwealth Equity Services LLC boosted its position in Regency Centers by 9.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 6,518 shares of the company’s stock valued at $387,000 after acquiring an additional 558 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Regency Centers in the 3rd quarter worth approximately $374,000. Allspring Global Investments Holdings LLC boosted its position in shares of Regency Centers by 5.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,691 shares of the company’s stock worth $933,000 after purchasing an additional 760 shares in the last quarter. Yousif Capital Management LLC boosted its position in shares of Regency Centers by 2.9% in the 3rd quarter. Yousif Capital Management LLC now owns 29,981 shares of the company’s stock worth $1,782,000 after purchasing an additional 836 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Regency Centers by 23.9% in the 3rd quarter. Fifth Third Bancorp now owns 2,317 shares of the company’s stock worth $138,000 after purchasing an additional 447 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Regency Centers Trading Down 1.7 %

NASDAQ REG opened at $59.27 on Tuesday. The stock’s 50-day simple moving average is $59.33 and its two-hundred day simple moving average is $61.71. Regency Centers has a twelve month low of $54.72 and a twelve month high of $68.47. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $10.95 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 4.40 and a beta of 1.16.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be given a dividend of $0.67 per share. The ex-dividend date is Wednesday, June 12th. This represents a $2.68 annualized dividend and a yield of 4.52%. Regency Centers’s payout ratio is 130.73%.

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.