Regency Centers Corporation (NASDAQ:REG) Receives $83.06 Consensus Target Price from Analysts

Regency Centers Corporation (NASDAQ:REG) has earned an average recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the company, MarketBeat reports. Eleven analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $83.75.

REG has been the topic of a number of research reports. Barclays upped their price target on shares of Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Weiss Ratings restated a “buy (b)” rating on shares of Regency Centers in a research report on Friday, May 29th. Jefferies Financial Group upgraded Regency Centers to a “strong-buy” rating in a report on Friday, June 26th. LADENBURG THALM/SH SH upped their target price on Regency Centers from $83.00 to $85.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Finally, UBS Group lifted their price target on Regency Centers from $81.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th.

Regency Centers Price Performance

NASDAQ:REG opened at $79.07 on Thursday. Regency Centers has a one year low of $66.86 and a one year high of $83.66. The company has a market cap of $14.48 billion, a P/E ratio of 26.80, a P/E/G ratio of 3.32 and a beta of 0.80. The firm’s fifty day moving average price is $79.70 and its two-hundred day moving average price is $77.76. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 2.14.

Insider Buying and Selling at Regency Centers

In other news, insider Terah L. Devereaux sold 1,240 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $80.14, for a total value of $99,373.60. Following the completion of the sale, the insider owned 17,990 shares of the company’s stock, valued at approximately $1,441,718.60. The trade was a 6.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Regency Centers

A number of institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC boosted its stake in shares of Regency Centers by 15.4% in the first quarter. AQR Capital Management LLC now owns 64,337 shares of the company’s stock valued at $4,701,000 after buying an additional 8,563 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Regency Centers by 3.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company’s stock valued at $1,099,000 after acquiring an additional 557 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Regency Centers by 9.6% during the first quarter. Empowered Funds LLC now owns 5,856 shares of the company’s stock valued at $432,000 after purchasing an additional 511 shares in the last quarter. Jane Street Group LLC increased its position in Regency Centers by 81.5% in the 1st quarter. Jane Street Group LLC now owns 8,247 shares of the company’s stock valued at $608,000 after acquiring an additional 3,702 shares during the period. Finally, Intech Investment Management LLC raised its stake in shares of Regency Centers by 47.6% during the first quarter. Intech Investment Management LLC now owns 20,011 shares of the company’s stock valued at $1,476,000 after acquiring an additional 6,451 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

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.