Regency Centers Corporation (NASDAQ:REG) Receives Consensus Rating of “Hold” from Analysts

Regency Centers Corporation (NASDAQ:REG) has been given an average rating of “Hold” by the seventeen brokerages that are currently covering the firm, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $81.3571.

A number of analysts have recently issued reports on REG shares. Barclays boosted their target price on shares of Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday. Wells Fargo & Company boosted their target price on shares of Regency Centers from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Scotiabank boosted their target price on shares of Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 24th. Truist Financial boosted their target price on shares of Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft raised shares of Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Tuesday, January 20th.

Insider Activity

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total transaction of $626,708.62. Following the completion of the sale, the insider directly owned 33,069 shares of the company’s stock, valued at approximately $2,614,435.14. This represents a 19.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the stock in a transaction dated 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. Over the last three months, insiders have sold 460,032 shares of company stock valued at $35,996,456. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Regency Centers

Several hedge funds have recently modified their holdings of REG. Havemeyer Place LP acquired a new position in Regency Centers in the 4th quarter worth approximately $26,000. Hantz Financial Services Inc. boosted its position in Regency Centers by 388.9% in the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after purchasing an additional 350 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Regency Centers by 63.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after buying an additional 157 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Regency Centers during the 2nd quarter valued at approximately $31,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Regency Centers during the 2nd quarter valued at approximately $34,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Down 1.1%

Shares of REG opened at $76.06 on Friday. The firm has a market capitalization of $13.93 billion, a P/E ratio of 26.23, a P/E/G ratio of 3.27 and a beta of 0.82. Regency Centers has a 12-month low of $66.86 and a 12-month high of $81.66. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average price of $77.69 and a 200-day moving average price of $73.65.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be given a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, June 12th. Regency Centers’s dividend payout ratio is presently 104.14%.

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.