Regency Centers (NASDAQ:REG) PT Lowered to $65.00 at Scotiabank

Regency Centers (NASDAQ:REGFree Report) had its target price trimmed by Scotiabank from $68.00 to $65.00 in a research report sent to investors on Thursday, Benzinga reports. The firm currently has a sector perform rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Evercore ISI raised shares of Regency Centers from an in-line rating to an outperform rating and upped their price target for the company from $69.00 to $71.00 in a report on Monday, January 22nd. Mizuho started coverage on shares of Regency Centers in a research note on Thursday, April 18th. They set a neutral rating and a $60.00 target price for the company. Wells Fargo & Company started coverage on shares of Regency Centers in a research report on Thursday, February 1st. They issued an overweight rating and a $70.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Regency Centers in a research report on Tuesday, January 30th. They set a buy rating and a $74.00 price objective for the company. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $70.25.

Read Our Latest Research Report on REG

Regency Centers Stock Up 1.3 %

REG opened at $60.89 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market capitalization of $11.25 billion, a PE ratio of 29.70, a P/E/G ratio of 3.75 and a beta of 1.16. The stock’s fifty day moving average is $59.38 and its 200-day moving average is $61.76. Regency Centers has a one year low of $54.72 and a one year high of $68.47.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend is Wednesday, June 12th. Regency Centers’s payout ratio is 130.73%.

Institutional Trading of Regency Centers

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC raised its stake in shares of Regency Centers by 11.1% during the 4th quarter. Signaturefd LLC now owns 1,625 shares of the company’s stock worth $109,000 after purchasing an additional 162 shares in the last quarter. Greenleaf Trust raised its position in Regency Centers by 4.0% during the fourth quarter. Greenleaf Trust now owns 4,429 shares of the company’s stock valued at $297,000 after acquiring an additional 170 shares in the last quarter. New Mexico Educational Retirement Board lifted its stake in Regency Centers by 2.5% in the first quarter. New Mexico Educational Retirement Board now owns 8,250 shares of the company’s stock valued at $500,000 after acquiring an additional 200 shares during the last quarter. Naviter Wealth LLC grew its position in Regency Centers by 2.0% in the first quarter. Naviter Wealth LLC now owns 10,901 shares of the company’s stock worth $667,000 after acquiring an additional 218 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Regency Centers by 2.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 12,636 shares of the company’s stock worth $751,000 after purchasing an additional 271 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

About Regency Centers

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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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Analyst Recommendations for Regency Centers (NASDAQ:REG)

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