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

Mizuho started coverage on shares of Regency Centers (NASDAQ:REG) in a report issued on Thursday morning, Marketbeat.com reports. The firm issued a neutral rating and a $60.00 price objective on the stock.

Other equities analysts have also issued reports about the stock. Morgan Stanley raised shares of Regency Centers from an equal weight rating to an overweight rating and raised their price target for the stock from $62.00 to $75.00 in a research report on Thursday, December 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Regency Centers in a research report on Tuesday, January 30th. They set a buy rating and a $74.00 price target for the company. Wells Fargo & Company initiated coverage on shares of Regency Centers in a research report on Thursday, February 1st. They set an overweight rating and a $70.00 price target for the company. Truist Financial raised their price target on shares of Regency Centers from $71.00 to $72.00 and gave the stock a buy rating in a research report on Tuesday, January 16th. Finally, Evercore ISI raised shares of Regency Centers from an in-line rating to an outperform rating and lifted their target price for the company from $69.00 to $71.00 in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $70.73.

Regency Centers Stock Up 0.8 %

REG stock opened at $57.76 on Thursday. The firm has a 50 day moving average of $60.11 and a 200 day moving average of $61.64. The stock has a market capitalization of $10.67 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 3.77 and a beta of 1.16. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.60. Regency Centers has a 52 week low of $54.72 and a 52 week high of $68.47.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend was Tuesday, March 12th. Regency Centers’s dividend payout ratio is currently 131.37%.

Hedge Funds Weigh In On Regency Centers

Several hedge funds and other institutional investors have recently modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. increased its position in Regency Centers by 29.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 953,192 shares of the company’s stock worth $57,725,000 after purchasing an additional 219,582 shares during the last quarter. Naviter Wealth LLC increased its position in Regency Centers by 2.0% during the first 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 stake in Regency Centers during the first quarter worth about $555,000. Vert Asset Management LLC increased its position in shares of Regency Centers by 5.8% during the first quarter. Vert Asset Management LLC now owns 68,144 shares of the company’s stock valued at $4,127,000 after acquiring an additional 3,734 shares during the last quarter. Finally, Perpetual Ltd increased its position in shares of Regency Centers by 18.4% during the first quarter. Perpetual Ltd now owns 38,060 shares of the company’s stock valued at $2,305,000 after acquiring an additional 5,920 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.