Regency Centers (NASDAQ:REG) Stock Price Target Raised at UBS Group

Regency Centers (NASDAQ:REG) had its price target raised by UBS Group from $77.00 to $82.00 in a research report report published on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other research analysts have also recently issued research reports about the stock. Truist Financial initiated coverage on shares of Regency Centers in a research note on Thursday, October 1st. They set a “buy” rating and a $84.00 target price on the stock. Mizuho cut their price target on Regency Centers from $82.00 to $76.00 and set a “neutral” rating for the company in a research note on Thursday, September 24th. Wells Fargo & Company dropped their price objective on Regency Centers from $88.00 to $84.00 and set an “overweight” rating for the company in a research note on Friday, October 23rd. Morgan Stanley cut their target price on Regency Centers from $88.00 to $87.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Finally, The Goldman Sachs Group set a $83.00 target price on Regency Centers in a research report on Thursday, September 24th. One research 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.26.

Regency Centers Trading Down 0.5%

Regency Centers stock opened at $76.18 on Wednesday. Regency Centers has a 12-month low of $66.86 and a 12-month high of $83.66. The firm has a market capitalization of $13.95 billion, a price-to-earnings ratio of 27.30, a P/E/G ratio of 4.58 and a beta of 0.80. The firm has a 50 day moving average of $73.71 and a 200 day moving average of $76.80. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Shareholders of record on Monday, December 14th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, December 14th. This is a positive change from Regency Centers’s previous quarterly dividend of $0.7550. This represents a $3.20 annualized dividend and a yield of 4.2%. Regency Centers’s payout ratio is presently 114.70%.

Institutional Trading of Regency Centers

Large investors have recently modified their holdings of the company. Elevation Wealth Partners LLC lifted its stake in shares of Regency Centers by 541.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 481 shares of the company’s stock worth $38,000 after purchasing an additional 406 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Regency Centers during the second quarter valued at approximately $65,000. Danske Bank A S acquired a new stake in Regency Centers in the second quarter valued at approximately $85,000. Global Retirement Partners LLC acquired a new stake in Regency Centers in the second quarter valued at approximately $97,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Regency Centers in the second quarter worth $124,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Company Profile

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.