Regency Centers (NASDAQ:REG) had its target price increased by Deutsche Bank Aktiengesellschaft from $60.00 to $68.00 in a report issued on Tuesday morning, The Fly reports. They currently have a hold rating on the stock.
A number of other equities analysts have also weighed in on the company. Wells Fargo & Company upped their target price on Regency Centers from $52.00 to $63.00 and gave the stock an overweight rating in a research report on Tuesday, March 16th. Truist upped their price target on Regency Centers from $50.00 to $57.00 in a report on Wednesday, March 31st. Zacks Investment Research upgraded Regency Centers from a sell rating to a hold rating and set a $60.00 price target for the company in a report on Monday, March 22nd. TheStreet upgraded Regency Centers from a c rating to a b- rating in a report on Thursday, May 6th. Finally, Evercore ISI upgraded Regency Centers from an in-line rating to an outperform rating and upped their price target for the stock from $64.00 to $67.00 in a report on Monday, May 24th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Regency Centers has a consensus rating of Hold and a consensus target price of $58.64.
Shares of NASDAQ:REG opened at $68.06 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.94 and a quick ratio of 0.94. Regency Centers has a twelve month low of $33.29 and a twelve month high of $68.40. The stock’s 50 day moving average price is $62.71. The firm has a market capitalization of $11.56 billion, a price-to-earnings ratio of 77.34, a price-to-earnings-growth ratio of 2.38 and a beta of 1.14.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 6th. Shareholders of record on Tuesday, June 15th will be paid a $0.595 dividend. The ex-dividend date of this dividend is Monday, June 14th. This represents a $2.38 dividend on an annualized basis and a yield of 3.50%. Regency Centers’s dividend payout ratio (DPR) is presently 80.68%.
In other news, CAO J Christian Leavitt sold 1,600 shares of the stock in a transaction on Monday, June 7th. The stock was sold at an average price of $66.71, for a total transaction of $106,736.00. Following the completion of the transaction, the chief accounting officer now owns 7,193 shares in the company, valued at approximately $479,845.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nicholas Andrew Wibbenmeyer sold 1,921 shares of the stock in a transaction on Tuesday, June 8th. The stock was sold at an average price of $66.82, for a total value of $128,361.22. Following the transaction, the director now owns 9,117 shares of the company’s stock, valued at approximately $609,197.94. The disclosure for this sale can be found here. Insiders sold a total of 58,521 shares of company stock valued at $3,723,997 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Kovitz Investment Group Partners LLC grew its stake in shares of Regency Centers by 2.1% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 44,436 shares of the company’s stock worth $2,520,000 after acquiring an additional 903 shares during the period. Barclays PLC grew its stake in shares of Regency Centers by 16.8% during the 4th quarter. Barclays PLC now owns 62,042 shares of the company’s stock worth $2,829,000 after acquiring an additional 8,918 shares during the period. LPL Financial LLC grew its stake in shares of Regency Centers by 20.1% during the 4th quarter. LPL Financial LLC now owns 11,298 shares of the company’s stock worth $515,000 after acquiring an additional 1,894 shares during the period. Los Angeles Capital Management LLC lifted its holdings in Regency Centers by 70.5% during the 1st quarter. Los Angeles Capital Management LLC now owns 576,498 shares of the company’s stock worth $32,693,000 after purchasing an additional 238,353 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Regency Centers by 7.4% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 102,122 shares of the company’s stock worth $4,656,000 after purchasing an additional 7,059 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.
Regency Centers Company Profile
Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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.
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