Regency Centers Corporation (REG) – What Are Brokerages Thinking About This Stock?

Shares of Regency Centers Corporation (NASDAQ:REG) have been assigned an average rating of “Moderate Buy” from the seventeen research firms that are currently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $83.26.

A number of equities research analysts have recently issued reports on REG shares. The Goldman Sachs Group set a $83.00 target price on shares of Regency Centers in a research report on Thursday, September 24th. JPMorgan Chase & Co. raised Regency Centers from a “neutral” rating to an “overweight” rating and set a $83.00 price target on the stock in a research report on Thursday, September 24th. Griffin Securities set a $81.00 target price on Regency Centers in a research report on Monday, September 21st. Weiss Ratings lowered Regency Centers from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Finally, Truist Financial began coverage on Regency Centers in a research report on Thursday, October 1st. They issued a “buy” rating and a $84.00 price target on the stock.

Regency Centers Trading Down 0.5%

NASDAQ:REG opened at $76.18 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.16 and a quick ratio of 1.25. Regency Centers has a fifty-two week low of $66.86 and a fifty-two week high of $83.66. The stock’s 50-day moving average is $73.71 and its two-hundred day moving average is $76.80. The stock has a market cap of $13.95 billion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 4.58 and a beta of 0.80.

Regency Centers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Investors of record on Monday, December 14th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 4.2%. This is a positive change from Regency Centers’s previous quarterly dividend of $0.7550. The ex-dividend date of this dividend is Monday, December 14th. Regency Centers’s payout ratio is 114.70%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR lifted its holdings in shares of Regency Centers by 1.7% in the third quarter. Generali Asset Management SPA SGR now owns 8,720 shares of the company’s stock worth $627,000 after acquiring an additional 143 shares during the last quarter. Tema ETFs LLC lifted its stake in Regency Centers by 7.1% in the 2nd quarter. Tema ETFs LLC now owns 2,184 shares of the company’s stock valued at $174,000 after purchasing an additional 145 shares during the last quarter. Vise Technologies Inc. boosted its position in Regency Centers by 3.8% in the third quarter. Vise Technologies Inc. now owns 4,183 shares of the company’s stock valued at $301,000 after buying an additional 152 shares in the last quarter. Somerset Trust Co boosted its position in Regency Centers by 5.5% in the second quarter. Somerset Trust Co now owns 3,422 shares of the company’s stock valued at $273,000 after buying an additional 177 shares in the last quarter. Finally, North Dakota State Investment Board boosted its position in Regency Centers by 3.9% in the third quarter. North Dakota State Investment Board now owns 5,584 shares of the company’s stock valued at $401,000 after buying an additional 212 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Company Profile

Regency Centers Corporation is a real estate investment trust that owns, operates, develops and redevelops shopping centers, with a focus on centers anchored by grocery stores. Its properties typically combine grocery retailers with restaurants, service businesses and other retail tenants. Founded in 1963, the company serves communities across the United States, concentrating on suburban locations with strong surrounding neighborhoods. Regency also works with tenants and property partners to maintain and enhance its centers.