Mizuho Upgrades Regency Centers (NASDAQ:REG) to Outperform

Regency Centers (NASDAQ:REG) was upgraded by equities researchers at Mizuho from a “neutral” rating to an “outperform” rating in a report released on Tuesday, MarketBeat reports. The brokerage presently has a $67.00 target price on the stock, up from their prior target price of $61.00. Mizuho’s price target would suggest a potential upside of 7.54% from the company’s current price.

Several other analysts also recently commented on REG. Truist Financial reduced their target price on Regency Centers from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, May 20th. Scotiabank reduced their price objective on 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.64.

Regency Centers Stock Up 0.4 %

Shares of NASDAQ:REG opened at $62.30 on Tuesday. 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 business has a fifty day simple moving average of $60.76 and a 200 day simple moving average of $61.25. The firm has a market cap of $11.51 billion, a P/E ratio of 30.39, a P/E/G ratio of 4.51 and a beta of 1.21.

Institutional Investors Weigh In On Regency Centers

Hedge funds have recently added to or reduced their stakes in the company. CVA Family Office LLC bought a new position in shares of Regency Centers during the fourth quarter valued at about $27,000. Capital Analysts LLC bought a new position in Regency Centers during the 4th quarter worth approximately $27,000. Fidelis Capital Partners LLC purchased a new position in Regency Centers in the 1st quarter worth approximately $27,000. EntryPoint Capital LLC purchased a new position in Regency Centers in the 1st quarter worth approximately $52,000. Finally, Covestor Ltd lifted its position in Regency Centers by 29.4% in the first quarter. Covestor Ltd now owns 1,575 shares of the company’s stock valued at $95,000 after purchasing an additional 358 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

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.