Analysts Set Regency Centers Corporation (NASDAQ:REG) PT at $80.14

Regency Centers Corporation (NASDAQ:REG) has been assigned a consensus rating of “Moderate Buy” from the seventeen research firms that are currently covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $80.1429.

A number of research analysts have weighed in on REG shares. Mizuho reaffirmed a “neutral” rating and issued a $74.00 price objective (down from $77.00) on shares of Regency Centers in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft raised shares of Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Tuesday, January 20th. Wells Fargo & Company upped their target price on shares of Regency Centers from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Royal Bank Of Canada raised shares of Regency Centers to a “sector perform” rating in a research report on Friday, January 9th. Finally, Scotiabank lifted their price target on Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 24th.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $74.30 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.68. Regency Centers has a twelve month low of $63.44 and a twelve month high of $79.89. The stock’s 50 day moving average is $75.50 and its 200-day moving average is $72.09. The firm has a market capitalization of $13.60 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 3.20 and a beta of 0.91.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be given 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 4.1%. Regency Centers’s payout ratio is presently 107.86%.

Insider Transactions at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 38,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $77.21, for a total transaction of $2,933,980.00. Following the completion of the sale, the chairman owned 157,892 shares in the company, valued at approximately $12,190,841.32. This represents a 19.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 177,490 shares of company stock worth $13,839,932 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Regency Centers

Large investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC purchased a new position in Regency Centers during the third quarter worth about $1,083,000. Centersquare Investment Management LLC increased its stake in Regency Centers by 5.7% in the 3rd quarter. Centersquare Investment Management LLC now owns 351,963 shares of the company’s stock valued at $25,658,000 after buying an additional 18,997 shares during the last quarter. Inspire Investing LLC increased its stake in Regency Centers by 441.4% in the 3rd 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 during the last quarter. Pacific Heights Asset Management LLC lifted its position in shares of Regency Centers by 50.0% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company’s stock worth $16,402,000 after buying an additional 75,000 shares in the last quarter. Finally, Rakuten Investment Management Inc. purchased a new position in shares of Regency Centers in the 3rd quarter worth approximately $1,031,000. 96.07% of the stock is currently owned by institutional investors.

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.