Brokerages Set Regency Centers Co. (NASDAQ:REG) Target Price at $70.64

Shares of Regency Centers Co. (NASDAQ:REG) have been given an average recommendation of “Moderate Buy” by the eleven research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $70.64.

A number of equities analysts have commented on the stock. Truist Financial dropped their target price on shares of Regency Centers from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. Mizuho raised Regency Centers from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $61.00 to $67.00 in a research note on Tuesday. Finally, Scotiabank decreased their target price on Regency Centers from $68.00 to $65.00 and set a “sector perform” rating for the company in a research report on Thursday, May 16th.

Regency Centers Stock Up 1.3 %

Shares of REG opened at $64.05 on Wednesday. The firm has a market capitalization of $11.84 billion, a P/E ratio of 31.24, a P/E/G ratio of 4.55 and a beta of 1.21. Regency Centers has a 12-month low of $56.29 and a 12-month high of $68.47. The firm has a fifty day moving average price of $60.93 and a 200-day moving average price of $61.24. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.64.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th were issued a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $2.68 dividend on an annualized basis and a yield of 4.18%. Regency Centers’s dividend payout ratio is presently 130.73%.

Institutional Investors Weigh In On Regency Centers

Hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC increased its position in shares of Regency Centers by 11.1% during the fourth quarter. Signaturefd LLC now owns 1,625 shares of the company’s stock worth $109,000 after purchasing an additional 162 shares in the last quarter. Greenleaf Trust raised its stake in Regency Centers by 4.0% in the fourth quarter. Greenleaf Trust now owns 4,429 shares of the company’s stock valued at $297,000 after buying an additional 170 shares during the last quarter. New Mexico Educational Retirement Board boosted its holdings in Regency Centers by 2.5% in the first quarter. New Mexico Educational Retirement Board now owns 8,250 shares of the company’s stock worth $500,000 after acquiring an additional 200 shares in the last quarter. Naviter Wealth LLC grew its stake in shares of Regency Centers by 2.0% during the first quarter. Naviter Wealth LLC now owns 10,901 shares of the company’s stock worth $667,000 after acquiring an additional 218 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC increased its holdings in shares of Regency Centers by 13.3% during the first quarter. SYSTM Wealth Solutions LLC now owns 2,303 shares of the company’s stock valued at $140,000 after acquiring an additional 271 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.