Analysts Set Regency Centers Corporation (NASDAQ:REG) Price Target at $81.36

Regency Centers Corporation (NASDAQ:REG) has been given an average rating of “Hold” by the seventeen analysts that are presently covering the firm, Marketbeat reports. Ten investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $81.7143.

Several research analysts have issued reports on REG shares. Wells Fargo & Company lifted their price target on shares of Regency Centers from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Weiss Ratings upgraded Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Truist Financial raised their price objective on Regency Centers from $77.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. UBS Group lifted their target price on Regency Centers from $75.00 to $81.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Scotiabank boosted their target price on Regency Centers from $76.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 24th.

Regency Centers Stock Up 1.7%

Shares of REG stock opened at $77.33 on Friday. Regency Centers has a 1 year low of $66.86 and a 1 year high of $81.66. The stock has a market cap of $14.16 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 3.23 and a beta of 0.82. The business’s fifty day moving average is $77.65 and its 200-day moving average is $73.69. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be issued a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, June 12th. Regency Centers’s payout ratio is presently 104.14%.

Insider Transactions at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $78.40, for a total value of $21,529,816.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of Regency Centers stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total transaction of $626,708.62. Following the completion of the transaction, the insider directly owned 33,069 shares in the company, valued at approximately $2,614,435.14. This trade represents a 19.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 460,032 shares of company stock valued at $35,996,456 over the last ninety days. Insiders own 1.00% of the company’s stock.

Institutional Trading of Regency Centers

Several large investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its holdings in shares of Regency Centers by 87.8% in the first quarter. Janus Henderson Group PLC now owns 39,762 shares of the company’s stock valued at $3,008,000 after purchasing an additional 18,589 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of Regency Centers in the first quarter worth approximately $449,000. Royal Bank of Canada boosted its holdings in shares of Regency Centers by 45.9% during the first quarter. Royal Bank of Canada now owns 189,131 shares of the company’s stock worth $14,310,000 after purchasing an additional 59,496 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Regency Centers by 1.0% during the first quarter. The Manufacturers Life Insurance Company now owns 137,908 shares of the company’s stock worth $10,434,000 after purchasing an additional 1,349 shares during the period. Finally, Quantinno Capital Management LP grew its position in Regency Centers by 36.4% during the first quarter. Quantinno Capital Management LP now owns 568,659 shares of the company’s stock valued at $43,025,000 after purchasing an additional 151,832 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

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.