Regency Centers Co. (NASDAQ:REG) Receives $70.73 Consensus Target Price from Brokerages

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

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

Institutional Trading of Regency Centers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in REG. Glass Jacobson Investment Advisors llc purchased a new stake in Regency Centers in the 3rd quarter valued at about $26,000. Financial Gravity Asset Management Inc. grew its holdings in Regency Centers by 641.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 460 shares of the company’s stock valued at $27,000 after buying an additional 398 shares during the period. CVA Family Office LLC purchased a new stake in shares of Regency Centers during the 4th quarter worth about $27,000. Capital Analysts LLC purchased a new stake in shares of Regency Centers during the 4th quarter worth about $27,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Regency Centers during the 3rd quarter worth about $29,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Performance

Shares of REG opened at $58.28 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The firm 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. The company’s 50 day simple moving average is $59.90 and its 200-day simple moving average is $61.73. Regency Centers has a 12-month low of $54.72 and a 12-month high of $68.47.

Regency Centers Dividend Announcement

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

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.