Analysts at Wells Fargo & Company began coverage on shares of Regency Centers (NASDAQ:REG – Get Free Report) in a research report issued on Thursday, Marketbeat.com reports. The brokerage set an “overweight” rating and a $70.00 price target on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 11.82% from the stock’s current price.
A number of other brokerages have also issued reports on REG. Truist Financial raised their target price 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. StockNews.com began coverage on shares of Regency Centers in a research report 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 raised their target price for the company from $69.00 to $71.00 in a report on Monday, January 22nd. Compass Point raised Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a report on Thursday, November 30th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Regency Centers in a research note on Tuesday. They set a “buy” rating and a $74.00 price target for the company. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.80.
Regency Centers Stock Down 1.6 %
Institutional Investors Weigh In On Regency Centers
Hedge funds have recently modified their holdings of the stock. Truist Financial Corp lifted its position in shares of Regency Centers by 14.3% in the 4th quarter. Truist Financial Corp now owns 14,647 shares of the company’s stock worth $981,000 after acquiring an additional 1,837 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Regency Centers by 8.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,167 shares of the company’s stock worth $279,000 after acquiring an additional 316 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Regency Centers in the fourth quarter worth about $107,000. Duality Advisers LP bought a new position in shares of Regency Centers during the fourth quarter worth about $3,374,000. Finally, Cetera Trust Company N.A acquired a new position in Regency Centers during the fourth quarter valued at approximately $253,000. 90.59% 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.
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