Regency Centers (NASDAQ:REG) Price Target Raised to $85.00 at Barclays

Regency Centers (NASDAQ:REG) had its target price increased by investment analysts at Barclays from $82.00 to $85.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 8.14% from the company’s previous close.

REG has been the subject of a number of other reports. Scotiabank dropped their price objective on Regency Centers from $78.00 to $76.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 14th. Argus raised Regency Centers to a “strong-buy” rating in a research report on Wednesday, November 5th. KeyCorp reissued a “sector weight” rating on shares of Regency Centers in a research report on Thursday, December 4th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $76.00 price objective (down from $81.00) on shares of Regency Centers in a research note on Thursday, December 18th. Finally, Citigroup lifted their price objective on shares of Regency Centers from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.50.

Regency Centers Stock Performance

Shares of REG stock opened at $78.60 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $14.38 billion, a P/E ratio of 28.10, a P/E/G ratio of 3.40 and a beta of 0.91. The firm’s 50 day moving average price is $72.56 and its 200-day moving average price is $71.41. Regency Centers has a one year low of $63.44 and a one year high of $79.08.

Insiders Place Their Bets

In related news, Chairman Martin E. Stein, Jr. sold 10,000 shares of Regency Centers stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $76.30, for a total value of $763,000.00. Following the completion of the transaction, the chairman owned 272,133 shares in the company, valued at $20,763,747.90. The trade was a 3.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Regency Centers

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC purchased a new stake in Regency Centers in the 3rd quarter valued at approximately $1,083,000. Inspire Investing LLC boosted its stake in shares of Regency Centers by 441.4% in the third quarter. Inspire Investing LLC now owns 21,736 shares of the company’s stock valued at $1,585,000 after buying an additional 17,721 shares in the last quarter. Pacific Heights Asset Management LLC boosted its stake in shares of Regency Centers by 50.0% in the third quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company’s stock valued at $16,402,000 after buying an additional 75,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in Regency Centers by 1.4% during the second quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock worth $339,669,000 after acquiring an additional 65,719 shares during the period. Finally, Rakuten Investment Management Inc. purchased a new position in Regency Centers in the third quarter worth $1,031,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.