Regency Centers (NASDAQ:REG) Stock Gets Price Target Bump from UBS Group

Regency Centers (NASDAQ:REG) had its price objective increased by equities research analysts at UBS Group from $77.00 to $82.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group‘s target price indicates a potential upside of 7.64% from the stock’s current price.

A number of other analysts have also weighed in on REG. Weiss Ratings lowered shares of Regency Centers from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Wells Fargo & Company reduced their price objective on Regency Centers from $88.00 to $84.00 and set an “overweight” rating on the stock in a research report on Friday, October 23rd. Truist Financial initiated coverage on Regency Centers in a research report on Thursday, October 1st. They issued a “buy” rating and a $84.00 target price for the company. Mizuho reduced their price target on Regency Centers from $82.00 to $76.00 and set a “neutral” rating on the stock in a report on Thursday, September 24th. Finally, JPMorgan Chase & Co. upgraded shares of Regency Centers from a “neutral” rating to an “overweight” rating and set a $83.00 price objective for the company in a report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $83.26.

Regency Centers Price Performance

REG stock traded down $0.36 during mid-day trading on Wednesday, hitting $76.18. The stock had a trading volume of 1,637,058 shares, compared to its average volume of 1,383,944. The firm has a fifty day simple moving average of $73.71 and a 200 day simple moving average of $76.77. The firm has a market capitalization of $13.95 billion, a P/E ratio of 27.30, a P/E/G ratio of 4.56 and a beta of 0.80. 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 has a 52 week low of $66.86 and a 52 week high of $83.66.

Institutional Investors Weigh In On Regency Centers

Several institutional investors have recently bought and sold shares of the stock. Generali Asset Management SPA SGR lifted its position in Regency Centers by 1.7% during the 3rd quarter. Generali Asset Management SPA SGR now owns 8,720 shares of the company’s stock valued at $627,000 after acquiring an additional 143 shares during the period. Tema ETFs LLC increased its holdings in Regency Centers by 7.1% during the 2nd quarter. Tema ETFs LLC now owns 2,184 shares of the company’s stock worth $174,000 after purchasing an additional 145 shares during the period. Vise Technologies Inc. raised its position in Regency Centers by 3.8% during the 3rd quarter. Vise Technologies Inc. now owns 4,183 shares of the company’s stock valued at $301,000 after purchasing an additional 152 shares in the last quarter. Somerset Trust Co raised its position in Regency Centers by 5.5% during the 2nd quarter. Somerset Trust Co now owns 3,422 shares of the company’s stock valued at $273,000 after purchasing an additional 177 shares in the last quarter. Finally, North Dakota State Investment Board lifted its holdings in shares of Regency Centers by 3.9% in the 3rd quarter. North Dakota State Investment Board now owns 5,584 shares of the company’s stock worth $401,000 after buying an additional 212 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

About Regency Centers

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.