Regency Centers Corporation (NASDAQ:REG) Receives $82.07 Consensus PT from Analysts

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

Several analysts recently commented on the stock. Truist Financial increased their price objective on shares of Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. UBS Group increased their price objective on shares of Regency Centers from $75.00 to $81.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Scotiabank increased their price objective on shares of Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 24th. Evercore set a $80.00 price objective on shares of Regency Centers in a research report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded 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.

Insider Transactions at Regency Centers

In other news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total value of $626,708.62. Following the transaction, the insider owned 33,069 shares in the company, valued at $2,614,435.14. This represents a 19.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the 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. The SEC filing for this sale provides additional information. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Regency Centers

Several institutional investors have recently made changes to their positions in REG. Havemeyer Place LP bought a new position in shares of Regency Centers in the 4th quarter worth approximately $26,000. Hantz Financial Services Inc. grew its holdings in Regency Centers by 388.9% during the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $30,000 after buying an additional 350 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in 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 stake in Regency Centers during the 2nd quarter valued at approximately $31,000. Finally, MUFG Securities EMEA plc purchased a new stake in Regency Centers during the 2nd quarter valued at approximately $34,000. Institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Performance

Shares of REG opened at $80.28 on Wednesday. The firm has a market cap of $14.70 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 3.40 and a beta of 0.81. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. Regency Centers has a fifty-two week low of $66.86 and a fifty-two week high of $81.66. The firm has a 50 day moving average price of $78.42 and a 200-day moving average price of $74.84.

Regency Centers Announces Dividend

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