UBS Group Issues Positive Forecast for Regency Centers (NASDAQ:REG) Stock Price

Key Points

• UBS raised its price target for Regency Centers to $82 from $77 but kept a Neutral rating, implying 7.64% upside from the prior close.
• Analysts’ consensus is Moderate Buy, with an average price target of $83.26; 9 analysts rate the stock Buy or Strong Buy and 8 rate it Hold.
• Regency shares fell 0.5% to $76.18 on Wednesday. Institutional investors own 96.07% of the company’s stock.

Regency Centers (NASDAQ:REG - Get Free Report) had its price objective lifted by analysts at UBS Group from $77.00 to $82.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price objective would suggest a potential upside of 7.64% from the stock's previous close.

Other equities research analysts also recently issued reports about the company. Argus set a $85.00 target price on Regency Centers in a research report on Monday, August 10th. Barclays lowered 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 report on Monday, September 28th. Evercore set a $83.00 price objective on shares of Regency Centers in a research note on Thursday, July 30th. Truist Financial assumed coverage on Regency Centers in a research note on Thursday, October 1st. They issued a "buy" rating and a $84.00 price target for the company. Finally, JPMorgan Chase & Co. raised shares of Regency Centers from a "neutral" rating to an "overweight" rating and set a $83.00 target price on the stock in a research report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $83.26.

Regency Centers Stock Down 0.5%

NASDAQ REG traded down $0.36 during trading hours on Wednesday, reaching $76.18. 1,637,058 shares of the company traded hands, compared to its average volume of 1,383,944. The stock has a market capitalization of $13.95 billion, a PE ratio of 27.30, a PEG ratio of 4.56 and a beta of 0.80. The company has a 50 day moving average of $73.71 and a two-hundred day moving average of $76.77. The company has a current ratio of 1.16, a quick ratio of 1.25 and a debt-to-equity ratio of 0.71. Regency Centers has a 12 month low of $66.86 and a 12 month high of $83.66.

Hedge Funds Weigh In On Regency Centers

A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Regency Centers in the second quarter valued at $1,597,868,000. Dimensional Fund Advisors LP lifted its position in Regency Centers by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,667,906 shares of the company's stock worth $201,849,000 after acquiring an additional 67,213 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of Regency Centers during the second quarter worth approximately $170,282,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Regency Centers by 18,982.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,953,088 shares of the company's stock worth $155,739,000 after acquiring an additional 1,942,853 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of Regency Centers during the second quarter worth approximately $109,394,000. Institutional investors 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.

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