LADENBURG THALM/SH SH Issues Positive Forecast for Regency Centers (NASDAQ:REG) Stock Price

Regency Centers (NASDAQ:REG) had its price target hoisted by investment analysts at LADENBURG THALM/SH SH from $83.00 to $85.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. LADENBURG THALM/SH SH’s price target suggests a potential upside of 5.73% from the stock’s current price.

A number of other equities research analysts have also commented on the stock. Raymond James Financial reiterated an “outperform” rating and set a $88.00 price target on shares of Regency Centers in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price objective on the stock. in a research report on Friday, May 29th. Evercore set a $83.00 target price on shares of Regency Centers in a report on Thursday. Wells Fargo & Company raised their target price on Regency Centers from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Barclays boosted their price target on Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.75.

Regency Centers Trading Up 0.0%

Shares of NASDAQ REG traded up $0.04 during midday trading on Friday, reaching $80.40. The company had a trading volume of 422,858 shares, compared to its average volume of 1,417,454. The stock has a market cap of $14.72 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 3.44 and a beta of 0.80. Regency Centers has a one year low of $66.86 and a one year high of $83.66. The firm’s fifty day moving average price is $79.63 and its 200-day moving average price is $77.48. 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 Activity at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the firm’s 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 completion of the sale, the insider owned 33,069 shares of the company’s stock, valued at $2,614,435.14. This trade represents a 19.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was 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. Insiders sold 283,782 shares of company stock valued at $22,255,898 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of REG. Norges Bank purchased a new stake in shares of Regency Centers during the fourth quarter valued at $1,183,667,000. State Street Corp boosted its holdings in shares of Regency Centers by 1.4% during the 4th quarter. State Street Corp now owns 12,572,876 shares of the company’s stock valued at $877,261,000 after purchasing an additional 168,884 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Regency Centers by 10.3% during the first quarter. Principal Financial Group Inc. now owns 10,004,796 shares of the company’s stock valued at $756,967,000 after purchasing an additional 931,272 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Regency Centers by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock valued at $338,110,000 after purchasing an additional 67,739 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Regency Centers by 7.2% in the fourth quarter. Invesco Ltd. now owns 4,261,437 shares of the company’s stock worth $294,167,000 after purchasing an additional 287,397 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

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.