Brokerages Set Regency Centers Co. (NASDAQ:REG) Target Price at $70.09

Shares of Regency Centers Co. (NASDAQ:REGGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $70.09.

Several brokerages have weighed in on REG. Scotiabank dropped their target price on Regency Centers from $68.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 16th. Mizuho lifted their target price on shares of Regency Centers from $60.00 to $61.00 and gave the company a “neutral” rating in a research note on Thursday, May 23rd. Finally, Truist Financial dropped their price target 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.

View Our Latest Research Report on REG

Regency Centers Trading Down 0.4 %

NASDAQ REG opened at $61.16 on Friday. 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 has a 1-year low of $56.29 and a 1-year high of $68.47. The firm’s fifty day simple moving average is $59.72 and its 200-day simple moving average is $61.63. The company has a market capitalization of $11.30 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 4.49 and a beta of 1.19.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $2.68 annualized dividend and a dividend yield of 4.38%. Regency Centers’s dividend payout ratio is presently 130.73%.

Institutional Investors Weigh In On Regency Centers

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Regency Centers by 3.0% during the first quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company’s stock worth $1,749,520,000 after buying an additional 830,572 shares in the last quarter. Norges Bank acquired a new stake in shares of Regency Centers during the 4th quarter worth approximately $1,140,242,000. Price T Rowe Associates Inc. MD increased its position in shares of Regency Centers by 10.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company’s stock valued at $547,995,000 after purchasing an additional 873,062 shares during the period. Principal Financial Group Inc. increased its position in shares of Regency Centers by 16.5% during the first quarter. Principal Financial Group Inc. now owns 8,565,897 shares of the company’s stock valued at $518,751,000 after purchasing an additional 1,210,906 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Regency Centers by 22.0% in the third quarter. JPMorgan Chase & Co. now owns 5,348,492 shares of the company’s stock valued at $317,914,000 after purchasing an additional 964,488 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Regency Centers Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Regency Centers (NASDAQ:REG)

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