Barclays Downgrades Regency Centers (NASDAQ:REG) to Hold

Regency Centers (NASDAQ:REG) was downgraded by stock analysts at Barclays from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the company. Evercore set a $80.00 price objective on Regency Centers in a report on Friday, May 1st. Citigroup upped their price objective on shares of Regency Centers from $76.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Scotiabank increased their price objective on shares of Regency Centers from $76.00 to $82.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 24th. Weiss Ratings raised shares of Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Finally, UBS Group set a $76.00 price target on shares of Regency Centers in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Regency Centers has a consensus rating of “Hold” and an average target price of $81.36.

Regency Centers Stock Performance

NASDAQ REG opened at $77.55 on Monday. The firm has a 50-day moving average price of $77.90 and a two-hundred day moving average price of $73.54. Regency Centers has a 12-month low of $66.86 and a 12-month high of $81.66. The company has a market capitalization of $14.20 billion, a P/E ratio of 26.90, a P/E/G ratio of 3.29 and a beta of 0.82. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72.

Insider Transactions at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of Regency Centers stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total transaction of $626,708.62. Following the sale, the insider directly owned 33,069 shares in the company, valued at $2,614,435.14. This trade represents a 19.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $78.40, for a total transaction of $21,529,816.00. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 460,032 shares of company stock valued at $35,996,456. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of REG. Wolverine Asset Management LLC acquired a new position in shares of Regency Centers in the 3rd quarter valued at about $1,083,000. Centersquare Investment Management LLC increased its stake in shares of Regency Centers by 5.7% in the 3rd quarter. Centersquare Investment Management LLC now owns 351,963 shares of the company’s stock valued at $25,658,000 after acquiring an additional 18,997 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its stake in Regency Centers by 68.6% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 53,562 shares of the company’s stock worth $3,697,000 after acquiring an additional 21,799 shares in the last quarter. Pensionfund Sabic bought a new stake in Regency Centers in the fourth quarter valued at $1,339,000. Finally, Pacific Heights Asset Management LLC raised its holdings in shares of Regency Centers by 50.0% during the third quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company’s stock valued at $16,402,000 after purchasing an additional 75,000 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

About Regency Centers

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.