Regency Centers (NASDAQ:REG) Now Covered by Mizuho

Equities researchers at Mizuho started coverage on shares of Regency Centers (NASDAQ:REG) in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $60.00 price target on the stock. Mizuho’s price target suggests a potential upside of 2.79% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. Evercore ISI raised 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 research report on Monday, January 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on Regency Centers in a research report on Tuesday, January 30th. They set a “buy” rating and a $74.00 price target for the company. Morgan Stanley raised Regency Centers from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $62.00 to $75.00 in a research report on Thursday, December 21st. Truist Financial increased their price target on Regency Centers from $71.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. Finally, Wells Fargo & Company assumed coverage on Regency Centers in a research report on Thursday, February 1st. They set an “overweight” rating and a $70.00 price target for the company. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Regency Centers currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.73.

Regency Centers Stock Up 1.1 %

REG stock opened at $58.37 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $10.79 billion, a P/E ratio of 28.61, a P/E/G ratio of 3.77 and a beta of 1.16. The business has a 50-day moving average of $60.05 and a 200-day moving average of $61.65. Regency Centers has a fifty-two week low of $54.72 and a fifty-two week high of $68.47.

Hedge Funds Weigh In On Regency Centers

A number of large investors have recently made changes to their positions in REG. Norges Bank bought a new position in shares of Regency Centers during the fourth quarter worth approximately $1,140,242,000. Invesco Ltd. increased its stake in shares of Regency Centers by 115.7% during the third quarter. Invesco Ltd. now owns 4,852,979 shares of the company’s stock worth $288,461,000 after purchasing an additional 2,603,320 shares during the period. Vanguard Group Inc. increased its stake in shares of Regency Centers by 6.2% during the third quarter. Vanguard Group Inc. now owns 28,378,732 shares of the company’s stock worth $1,686,832,000 after purchasing an additional 1,645,784 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Regency Centers by 22.0% during the third quarter. JPMorgan Chase & Co. now owns 5,348,492 shares of the company’s stock worth $317,914,000 after purchasing an additional 964,488 shares during the period. Finally, State Street Corp increased its stake in shares of Regency Centers by 8.1% during the first quarter. State Street Corp now owns 11,923,732 shares of the company’s stock worth $857,927,000 after purchasing an additional 890,452 shares during the period. Institutional investors own 96.07% of the company’s stock.

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.