Regency Centers (NASDAQ:REG) Upgraded by Mizuho to Outperform

Regency Centers (NASDAQ:REG) was upgraded by stock analysts at Mizuho from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday, MarketBeat.com reports. The firm presently has a $67.00 price objective on the stock, up from their previous price objective of $61.00. Mizuho’s target price indicates a potential upside of 7.54% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Truist Financial cut their price objective on shares of Regency Centers from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, May 20th. Scotiabank lowered their target price on shares of Regency Centers from $68.00 to $65.00 and set a “sector perform” rating for the company in a research note on Thursday, May 16th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Regency Centers currently has an average rating of “Moderate Buy” and a consensus target price of $70.64.

Regency Centers Price Performance

Shares of REG stock opened at $62.30 on Tuesday. The firm has a market cap of $11.51 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 4.51 and a beta of 1.21. Regency Centers has a 12 month low of $56.29 and a 12 month high of $68.47. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average price of $60.76 and a 200 day moving average price of $61.25.

Institutional Trading of Regency Centers

A number of institutional investors have recently made changes to their positions in the business. Signaturefd LLC increased 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 during the last quarter. Greenleaf Trust raised its holdings in Regency Centers by 4.0% in the 4th quarter. Greenleaf Trust now owns 4,429 shares of the company’s stock valued at $297,000 after acquiring an additional 170 shares during the period. New Mexico Educational Retirement Board lifted its position in Regency Centers by 2.5% during the first quarter. New Mexico Educational Retirement Board now owns 8,250 shares of the company’s stock worth $500,000 after acquiring an additional 200 shares during the last quarter. Naviter Wealth LLC increased its stake in shares of Regency Centers by 2.0% during the first quarter. Naviter Wealth LLC now owns 10,901 shares of the company’s stock worth $667,000 after purchasing an additional 218 shares during the period. Finally, SYSTM Wealth Solutions LLC lifted its holdings in Regency Centers by 13.3% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 2,303 shares of the company’s stock worth $140,000 after purchasing an additional 271 shares during the last quarter. Institutional investors own 96.07% 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.