Regency Centers Corporation (NASDAQ:REG) Stock Has Average Target Price of $83.00 According to Analysts

Regency Centers Corporation (NASDAQ:REG) has earned a consensus rating of “Moderate Buy” from the seventeen research firms that are covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $83.00.

A number of analysts have recently weighed in on REG shares. Morgan Stanley decreased their price target on shares of Regency Centers from $88.00 to $87.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Scotiabank cut their price target on shares of Regency Centers from $82.00 to $81.00 and set a “sector perform” rating on the stock in a report on Thursday, September 17th. Barclays reduced their price objective on shares of Regency Centers from $92.00 to $85.00 and set an “overweight” rating on the stock in a research note on Monday, September 28th. Argus set a $85.00 price objective on shares of Regency Centers in a research note on Monday, August 10th. Finally, Wells Fargo & Company decreased their price objective on shares of Regency Centers from $88.00 to $84.00 and set an “overweight” rating for the company in a report on Friday, October 23rd.

Regency Centers Price Performance

REG stock opened at $76.11 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. Regency Centers has a 52-week low of $66.86 and a 52-week high of $83.66. The stock’s 50 day moving average is $73.67 and its two-hundred day moving average is $76.74. The company has a market capitalization of $13.94 billion, a PE ratio of 27.28, a P/E/G ratio of 4.61 and a beta of 0.80.

Regency Centers Increases Dividend

The company also recently declared 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 is Monday, December 14th. Regency Centers’s payout ratio is 108.24%.

Institutional Trading of Regency Centers

Several institutional investors and hedge funds have recently bought and sold shares of REG. Engineers Gate Manager LP raised its holdings in Regency Centers by 1,368.4% during the 2nd quarter. Engineers Gate Manager LP now owns 56,594 shares of the company’s stock worth $4,513,000 after buying an additional 52,740 shares during the period. Nykredit A S acquired a new position in shares of Regency Centers in the second quarter worth about $6,613,000. Bank of America Corp DE increased its position in shares of Regency Centers by 66.5% in the first quarter. Bank of America Corp DE now owns 719,536 shares of the company’s stock worth $54,440,000 after acquiring an additional 287,317 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab increased its position in shares of Regency Centers by 344.0% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 22,155 shares of the company’s stock worth $1,769,000 after acquiring an additional 17,165 shares in the last quarter. Finally, Jupiter Topco LLC acquired a new stake in shares of Regency Centers during the second quarter valued at approximately $2,527,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

About Regency Centers

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.

Lisa Palmer has served as Regency Centers’ president and chief executive officer since 2019.