Regency Centers (NASDAQ:REG) Price Target Raised to $84.00

Regency Centers (NASDAQ:REG) had its target price increased by Truist Financial from $77.00 to $84.00 in a report released on Monday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

REG has been the topic of a number of other reports. Mizuho reiterated a “neutral” rating and set a $74.00 price objective (down from $77.00) on shares of Regency Centers in a research note on Friday, January 9th. Citigroup increased their price target on shares of Regency Centers from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $76.00 price target (down from $81.00) on shares of Regency Centers in a research note on Thursday, December 18th. Morgan Stanley restated an “overweight” rating and set a $85.00 price objective on shares of Regency Centers in a research note on Monday, January 5th. Finally, Royal Bank Of Canada upgraded Regency Centers to a “sector perform” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $79.50.

Regency Centers Stock Performance

Regency Centers stock opened at $79.60 on Monday. Regency Centers has a 52 week low of $63.44 and a 52 week high of $79.89. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. The stock has a market cap of $14.56 billion, a P/E ratio of 28.43, a price-to-earnings-growth ratio of 3.43 and a beta of 0.91. The stock has a 50 day moving average of $73.18 and a 200-day moving average of $71.59.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be issued a dividend of $0.755 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.02 annualized dividend and a dividend yield of 3.8%. Regency Centers’s dividend payout ratio is 107.86%.

Insider Buying and Selling at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $76.30, for a total value of $763,000.00. Following the sale, the chairman owned 272,133 shares of the company’s stock, valued at approximately $20,763,747.90. This trade represents a 3.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Regency Centers

Several large investors have recently added to or reduced their stakes in REG. Norinchukin Bank The boosted its holdings in shares of Regency Centers by 0.8% during the third quarter. Norinchukin Bank The now owns 17,730 shares of the company’s stock valued at $1,293,000 after acquiring an additional 147 shares during the period. Park Avenue Securities LLC lifted its position in Regency Centers by 5.2% in the 3rd quarter. Park Avenue Securities LLC now owns 3,040 shares of the company’s stock valued at $222,000 after purchasing an additional 149 shares during the last quarter. Telos Capital Management Inc. boosted its stake in Regency Centers by 2.9% during the 4th quarter. Telos Capital Management Inc. now owns 5,378 shares of the company’s stock valued at $371,000 after purchasing an additional 153 shares during the period. Atria Investments Inc boosted its stake in Regency Centers by 3.3% during the 2nd quarter. Atria Investments Inc now owns 4,847 shares of the company’s stock valued at $345,000 after purchasing an additional 156 shares during the period. Finally, Brown Brothers Harriman & Co. grew its position in Regency Centers by 63.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 157 shares during the last quarter. 96.07% of the stock is 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.