Regency Centers (NASDAQ:REG) Research Coverage Started at Mizuho

Mizuho started coverage on shares of Regency Centers (NASDAQ:REG - Free Report) in a research report released on Thursday morning, Marketbeat reports. The brokerage issued a neutral rating and a $60.00 target price on the stock.

Other research analysts also recently issued research reports about the stock. Morgan Stanley upgraded shares of Regency Centers from an equal weight rating to an overweight rating and upped their price objective for the stock from $62.00 to $75.00 in a research report on Thursday, December 21st. Wells Fargo & Company initiated coverage on shares of Regency Centers in a research note on Thursday, February 1st. They issued an overweight rating and a $70.00 price target for the company. Evercore ISI upgraded shares of Regency Centers from an in-line rating to an outperform rating and upped their price objective for the stock from $69.00 to $71.00 in a report on Monday, January 22nd. Truist Financial upped their price objective on shares of Regency Centers from $71.00 to $72.00 and gave the stock a buy rating in a report on Tuesday, January 16th. Finally, 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 target price on the stock. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Regency Centers has an average rating of Moderate Buy and a consensus price target of $70.73.

Regency Centers Stock Performance

NASDAQ REG traded up $0.47 on Thursday, reaching $57.76. 867,380 shares of the company's stock traded hands, compared to its average volume of 1,259,021. The firm has a market cap of $10.67 billion, a price-to-earnings ratio of 28.31, a P/E/G ratio of 3.75 and a beta of 1.16. The stock has a 50 day moving average price of $60.11 and a 200-day moving average price of $61.64. Regency Centers has a fifty-two week low of $54.72 and a fifty-two week high of $68.47. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 0.85.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date of this dividend was Tuesday, March 12th. Regency Centers's dividend payout ratio (DPR) is 131.37%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of REG. Naviter Wealth LLC grew its position in Regency Centers by 2.0% during the 1st quarter. Naviter Wealth LLC now owns 10,901 shares of the company's stock worth $667,000 after purchasing an additional 218 shares during the last quarter. Oak Thistle LLC acquired a new position in Regency Centers during the first quarter worth about $555,000. Vert Asset Management LLC raised its position in Regency Centers by 5.8% during the first quarter. Vert Asset Management LLC now owns 68,144 shares of the company's stock worth $4,127,000 after acquiring an additional 3,734 shares during the last quarter. Perpetual Ltd raised its position in Regency Centers by 18.4% during the first quarter. Perpetual Ltd now owns 38,060 shares of the company's stock worth $2,305,000 after acquiring an additional 5,920 shares during the last quarter. Finally, Pensionfund Sabic raised its position in Regency Centers by 17.0% during the first quarter. Pensionfund Sabic now owns 6,899 shares of the company's stock worth $418,000 after acquiring an additional 1,000 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other 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.