Deutsche Bank Aktiengesellschaft began coverage on shares of Regency Centers (NASDAQ:REG – Free Report) in a report issued on Tuesday, Briefing.com reports. The brokerage issued a buy rating and a $74.00 price target on the stock.
A number of other equities research analysts have also recently commented on the company. Morgan Stanley raised Regency Centers from an equal weight rating to an overweight rating and increased their target price for the stock from $62.00 to $75.00 in a research note on Thursday, December 21st. StockNews.com started coverage on Regency Centers in a research note on Thursday, October 5th. They issued a hold rating on the stock. Evercore ISI raised Regency Centers from an in-line rating to an outperform rating and increased their target price for the stock from $69.00 to $71.00 in a research note on Monday, January 22nd. Compass Point raised Regency Centers from a neutral rating to a buy rating and set a $72.00 target price on the stock in a research note on Thursday, November 30th. Finally, Truist Financial increased their price objective on Regency Centers from $71.00 to $72.00 and gave the company a buy rating in a research report on Tuesday, January 16th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $72.00.
Regency Centers Price Performance
Regency Centers Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Thursday, December 14th were issued a $0.67 dividend. This is an increase from Regency Centers’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $2.68 dividend on an annualized basis and a yield of 4.24%. Regency Centers’s dividend payout ratio is currently 125.82%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of Regency Centers in the second quarter worth about $26,000. Glass Jacobson Investment Advisors llc bought a new position in shares of Regency Centers in the third quarter worth about $26,000. Financial Gravity Asset Management Inc. raised its stake in shares of Regency Centers by 641.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 460 shares of the company’s stock worth $27,000 after buying an additional 398 shares during the period. CVA Family Office LLC bought a new position in shares of Regency Centers in the fourth quarter worth about $27,000. Finally, Capital Analysts LLC bought a new position in shares of Regency Centers in the fourth quarter worth about $27,000. Institutional investors own 90.59% of the company’s stock.
About Regency Centers
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.
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