Analysts Set Regency Centers Corporation (NASDAQ:REG) Price Target at $82.07

Regency Centers Corporation (NASDAQ:REG) has received an average rating of “Hold” from the eighteen analysts that are covering the stock, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $82.2667.

Several analysts have recently commented on REG shares. Morgan Stanley increased their price objective on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. BTIG Research reaffirmed a “buy” rating and set a $85.00 target price on shares of Regency Centers in a research report on Friday. UBS Group increased their price target on Regency Centers from $75.00 to $81.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Citigroup raised their price target on Regency Centers from $76.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Regency Centers in a research note on Friday, May 29th.

Regency Centers Stock Down 0.4%

NASDAQ:REG traded down $0.30 during midday trading on Wednesday, reaching $78.60. 30,399 shares of the stock traded hands, compared to its average volume of 1,409,545. The stock has a market capitalization of $14.39 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 3.36 and a beta of 0.81. Regency Centers has a 12-month low of $66.86 and a 12-month high of $81.66. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. The business has a 50-day moving average of $78.50 and a two-hundred day moving average of $74.95.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be issued a $0.755 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.8%. Regency Centers’s dividend payout ratio (DPR) is currently 104.14%.

Insider Transactions at Regency Centers

In other news, insider Terah L. Devereaux sold 1,240 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $80.14, for a total transaction of $99,373.60. Following the sale, the insider directly owned 17,990 shares of the company’s stock, valued at $1,441,718.60. The trade was a 6.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $78.40, for a total value of $21,529,816.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 283,782 shares of company stock worth $22,255,898. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Regency Centers

Institutional investors have recently bought and sold shares of the business. Inspire Investing LLC boosted its holdings in shares of Regency Centers by 0.6% in the 1st quarter. Inspire Investing LLC now owns 22,480 shares of the company’s stock valued at $1,701,000 after acquiring an additional 141 shares during the last quarter. Norinchukin Bank The raised its holdings in shares of Regency Centers by 0.8% during the third quarter. Norinchukin Bank The now owns 17,730 shares of the company’s stock worth $1,293,000 after purchasing an additional 147 shares during the last quarter. Telos Capital Management Inc. lifted its position in Regency Centers by 2.9% during the fourth quarter. Telos Capital Management Inc. now owns 5,378 shares of the company’s stock valued at $371,000 after purchasing an additional 153 shares during the period. Brown Brothers Harriman & Co. lifted its position in Regency Centers by 63.1% during the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 157 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in Regency Centers by 13.9% in the third quarter. Jones Financial Companies Lllp now owns 1,293 shares of the company’s stock valued at $92,000 after purchasing an additional 158 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Company Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.