Regency Centers Co. (NASDAQ:REG) Given Average Rating of “Moderate Buy” by Analysts

Shares of Regency Centers Co. (NASDAQ:REG) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $70.73.

REG has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Regency Centers in a research note on Tuesday, January 30th. They issued a “buy” rating and a $74.00 price objective on the stock. Truist Financial upped their price objective on shares of Regency Centers from $71.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Mizuho started coverage on shares of Regency Centers in a research note on Thursday, April 18th. They set a “neutral” rating and a $60.00 target price on the stock. Evercore ISI raised shares of Regency Centers from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $69.00 to $71.00 in a research note on Monday, January 22nd. Finally, Wells Fargo & Company started coverage on shares of Regency Centers in a research note on Thursday, February 1st. They set an “overweight” rating and a $70.00 target price on the stock.

Regency Centers Trading Down 0.9 %

NASDAQ:REG opened at $59.06 on Friday. The firm’s fifty day moving average is $59.95 and its 200-day moving average is $61.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 0.85. Regency Centers has a 52 week low of $54.72 and a 52 week high of $68.47. The firm has a market cap of $10.91 billion, a P/E ratio of 28.95, a P/E/G ratio of 3.95 and a beta of 1.16.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend was Tuesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is 131.37%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Glass Jacobson Investment Advisors llc bought a new position in shares of Regency Centers in the third quarter valued at $26,000. Financial Gravity Asset Management Inc. raised its holdings in shares of Regency Centers by 641.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 460 shares of the company’s stock valued at $27,000 after purchasing an additional 398 shares during the last quarter. CVA Family Office LLC purchased a new stake in shares of Regency Centers in the fourth quarter valued at about $27,000. Capital Analysts LLC purchased a new stake in shares of Regency Centers in the fourth quarter valued at about $27,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Regency Centers in the third quarter valued at about $29,000. 96.07% of the stock is owned by 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.