Regency Centers Co. (NASDAQ:REG) Receives Consensus Rating of "Buy" from Analysts

Regency Centers Co. (NASDAQ:REG - Get Free Report) has been given an average recommendation of "Buy" by the nine ratings firms that are covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $71.80.

Several analysts recently commented on REG shares. Truist Financial increased their target price on shares of Regency Centers from $71.00 to $72.00 and gave the company a "buy" rating in a research note on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Regency Centers in a report on Tuesday, January 30th. They set a "buy" rating and a $74.00 price target on the stock. Wells Fargo & Company assumed 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. Evercore ISI upgraded shares of Regency Centers from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $69.00 to $71.00 in a report on Monday, January 22nd. Finally, Morgan Stanley upgraded shares of Regency Centers from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $62.00 to $75.00 in a report on Thursday, December 21st.

Regency Centers Price Performance

REG stock traded down $0.91 on Monday, hitting $59.65. 839,265 shares of the company's stock traded hands, compared to its average volume of 1,239,859. Regency Centers has a 1-year low of $54.72 and a 1-year high of $68.47. The stock has a market cap of $11.02 billion, a price-to-earnings ratio of 29.24, a P/E/G ratio of 3.99 and a beta of 1.16. The stock has a fifty day moving average of $61.19 and a 200-day moving average of $61.88. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th will be issued a $0.67 dividend. The ex-dividend date is Tuesday, March 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.49%. Regency Centers's dividend payout ratio (DPR) is presently 131.37%.

Hedge Funds Weigh In On Regency Centers

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Regency Centers in the fourth quarter valued at approximately $1,140,242,000. Invesco Ltd. increased its stake in shares of Regency Centers by 115.7% in the third quarter. Invesco Ltd. now owns 4,852,979 shares of the company's stock valued at $288,461,000 after buying an additional 2,603,320 shares during the period. Vanguard Group Inc. increased its stake in shares of Regency Centers by 6.2% in the third quarter. Vanguard Group Inc. now owns 28,378,732 shares of the company's stock valued at $1,686,832,000 after buying an additional 1,645,784 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Regency Centers by 22.0% in the third quarter. JPMorgan Chase & Co. now owns 5,348,492 shares of the company's stock valued at $317,914,000 after buying an additional 964,488 shares during the period. Finally, State Street Corp increased its stake in shares of Regency Centers by 8.1% in the first quarter. State Street Corp now owns 11,923,732 shares of the company's stock valued at $857,927,000 after buying an additional 890,452 shares during the period. 96.07% of the stock is owned by institutional investors.

Regency Centers Company Profile

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.