Regency Centers (NASDAQ:REG) PT Lowered to $70.00 at Truist Financial

Regency Centers (NASDAQ:REG) had its price target decreased by Truist Financial from $72.00 to $70.00 in a research report released on Monday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on REG. Wells Fargo & Company started coverage on shares of Regency Centers in a report on Thursday, February 1st. They set an overweight rating and a $70.00 price target on the stock. Scotiabank lowered their price target on shares of Regency Centers from $68.00 to $65.00 and set a sector perform rating on the stock in a report on Thursday, May 16th. Mizuho started coverage on shares of Regency Centers in a report on Thursday, April 18th. They set a neutral rating and a $60.00 price target on the stock. Evercore ISI raised shares of Regency Centers from an in-line rating to an outperform rating and lifted their price target for the company from $69.00 to $71.00 in a report on Monday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Regency Centers in a report on Tuesday, January 30th. They issued a buy rating and a $74.00 target price on the stock. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $70.00.

Regency Centers Stock Performance

REG opened at $60.32 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.64. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 3.69 and a beta of 1.16. The company’s 50 day moving average is $59.33 and its 200 day 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 4.44%. The ex-dividend date is Wednesday, June 12th. Regency Centers’s dividend payout ratio is presently 130.73%.

Institutional Investors Weigh In On Regency Centers

Several large investors have recently bought and sold shares of REG. Norges Bank bought a new position in Regency Centers during the fourth quarter valued at $1,140,242,000. Invesco Ltd. increased its position in Regency Centers by 115.7% during the third quarter. Invesco Ltd. now owns 4,852,979 shares of the company’s stock valued at $288,461,000 after acquiring an additional 2,603,320 shares during the last quarter. Vanguard Group Inc. increased its position in Regency Centers by 6.2% during the third quarter. Vanguard Group Inc. now owns 28,378,732 shares of the company’s stock valued at $1,686,832,000 after acquiring an additional 1,645,784 shares during the last quarter. Principal Financial Group Inc. increased its position in 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 acquiring an additional 1,210,906 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Regency Centers by 22.0% during the third quarter. JPMorgan Chase & Co. now owns 5,348,492 shares of the company’s stock valued at $317,914,000 after acquiring an additional 964,488 shares during the last quarter. 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.