Regency Centers (REG) Given a $64.00 Price Target by BMO Capital Markets Analysts

Regency Centers (NYSE:REG) received a $64.00 price target from analysts at BMO Capital Markets in a research report issued to clients and investors on Thursday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. BMO Capital Markets’ price target suggests a potential downside of 2.26% from the company’s previous close.

Several other research analysts have also weighed in on REG. Zacks Investment Research lowered shares of Regency Centers from a “buy” rating to a “hold” rating in a research note on Wednesday. SunTrust Banks restated a “buy” rating and set a $69.00 price objective on shares of Regency Centers in a research note on Monday, November 19th. Barclays upgraded shares of Regency Centers from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $63.00 to $69.00 in a research note on Monday, February 4th. Jefferies Financial Group restated a “hold” rating and set a $66.00 price objective on shares of Regency Centers in a research note on Monday, December 17th. Finally, Royal Bank of Canada lowered shares of Regency Centers from a “top pick” rating to an “outperform” rating and set a $62.30 price objective on the stock. in a research note on Friday, December 14th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $68.94.

Regency Centers stock opened at $65.48 on Thursday. The stock has a market cap of $11.14 billion, a PE ratio of 17.75, a PEG ratio of 2.50 and a beta of 0.37. Regency Centers has a fifty-two week low of $55.38 and a fifty-two week high of $66.86. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57.

A number of institutional investors and hedge funds have recently made changes to their positions in REG. Cohen & Steers Inc. grew its stake in Regency Centers by 170.4% in the 3rd quarter. Cohen & Steers Inc. now owns 10,944,435 shares of the real estate investment trust’s stock valued at $707,777,000 after buying an additional 6,896,949 shares during the last quarter. Deutsche Bank AG grew its stake in Regency Centers by 828.0% in the 3rd quarter. Deutsche Bank AG now owns 2,656,966 shares of the real estate investment trust’s stock valued at $171,822,000 after buying an additional 2,370,654 shares during the last quarter. Alliancebernstein L.P. grew its stake in Regency Centers by 181.1% in the 3rd quarter. Alliancebernstein L.P. now owns 2,102,264 shares of the real estate investment trust’s stock valued at $135,953,000 after buying an additional 1,354,319 shares during the last quarter. BlackRock Inc. grew its stake in Regency Centers by 7.6% in the 3rd quarter. BlackRock Inc. now owns 16,535,804 shares of the real estate investment trust’s stock valued at $1,069,372,000 after buying an additional 1,163,234 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Regency Centers by 31.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,292,020 shares of the real estate investment trust’s stock valued at $277,565,000 after buying an additional 1,032,217 shares during the last quarter. Institutional investors and hedge funds own 93.87% of the company’s stock.

Regency Centers Company Profile

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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 (NYSE:REG)

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