Analysts Set Regency Centers Corporation (NASDAQ:REG) Target Price at $78.69

Shares of Regency Centers Corporation (NASDAQ:REG) have received an average recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $78.6923.

Several equities research analysts have recently weighed in on the company. Argus upgraded Regency Centers to a “strong-buy” rating in a research report on Wednesday, November 5th. Royal Bank Of Canada raised shares of Regency Centers to a “sector perform” rating in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft raised shares of Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Tuesday, January 20th. UBS Group set a $76.00 price target on shares of Regency Centers in a report on Wednesday, January 14th. Finally, KeyCorp restated a “sector weight” rating on shares of Regency Centers in a research report on Thursday, December 4th.

Institutional Trading of Regency Centers

A number of large investors have recently modified their holdings of REG. AQR Capital Management LLC increased its position in shares of Regency Centers by 15.4% in the first quarter. AQR Capital Management LLC now owns 64,337 shares of the company’s stock worth $4,701,000 after purchasing an additional 8,563 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Regency Centers by 3.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company’s stock worth $1,099,000 after buying an additional 557 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Regency Centers by 9.6% in the 1st quarter. Empowered Funds LLC now owns 5,856 shares of the company’s stock worth $432,000 after buying an additional 511 shares during the last quarter. Jane Street Group LLC raised its position in shares of Regency Centers by 81.5% during the 1st quarter. Jane Street Group LLC now owns 8,247 shares of the company’s stock valued at $608,000 after buying an additional 3,702 shares in the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Regency Centers by 47.6% during the 1st quarter. Intech Investment Management LLC now owns 20,011 shares of the company’s stock worth $1,476,000 after acquiring an additional 6,451 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Performance

Shares of REG stock opened at $76.06 on Thursday. The firm’s 50 day moving average is $70.13 and its 200 day moving average is $70.91. The stock has a market capitalization of $13.91 billion, a P/E ratio of 27.16, a PEG ratio of 2.79 and a beta of 0.94. Regency Centers has a 12 month low of $63.44 and a 12 month high of $78.18. The company has a current ratio of 1.05, a quick ratio of 1.20 and a debt-to-equity ratio of 0.68.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be given a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, March 11th. Regency Centers’s payout ratio is presently 107.86%.

Regency Centers Company Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.