Regency Centers Corporation (NASDAQ:REG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Regency Centers Corporation (NASDAQ:REG) have been given a consensus rating of “Moderate Buy” by the twenty research firms that are currently covering the firm, MarketBeat Ratings reports. Eleven analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $82.9375.

REG has been the topic of several research analyst reports. Jefferies Financial Group upgraded shares of Regency Centers to a “strong-buy” rating in a report on Friday, June 26th. 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 report on Tuesday, May 12th. Raymond James Financial reissued an “outperform” rating and set a $88.00 price objective on shares of Regency Centers in a research report on Monday, June 29th. BTIG Research reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Regency Centers in a research report on Friday, June 12th. Finally, Morgan Stanley upped their target price on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st.

Insiders Place Their Bets

In other news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total value of $626,708.62. Following the sale, the insider directly owned 33,069 shares of the company’s stock, valued at approximately $2,614,435.14. This represents a 19.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $78.40, for a total value of $21,529,816.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 283,782 shares of company stock valued at $22,255,898 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of REG. Tema ETFs LLC boosted its stake in Regency Centers by 7.1% in the 2nd quarter. Tema ETFs LLC now owns 2,184 shares of the company’s stock valued at $174,000 after purchasing an additional 145 shares during the period. Legacy Wealth Asset Management LLC increased its position in Regency Centers by 31.6% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 3,642 shares of the company’s stock worth $290,000 after buying an additional 874 shares during the period. Elevation Wealth Partners LLC increased its position in Regency Centers by 541.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 481 shares of the company’s stock worth $38,000 after buying an additional 406 shares during the period. Czech National Bank lifted its holdings in shares of Regency Centers by 4.6% during the second quarter. Czech National Bank now owns 46,905 shares of the company’s stock worth $3,740,000 after buying an additional 2,074 shares in the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab lifted its holdings in shares of Regency Centers by 344.0% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 22,155 shares of the company’s stock worth $1,769,000 after buying an additional 17,165 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Regency Centers Trading Up 0.2%

NASDAQ:REG traded up $0.18 during mid-day trading on Friday, hitting $79.62. The company had a trading volume of 1,220,739 shares, compared to its average volume of 1,389,200. 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 has a fifty-two week low of $66.86 and a fifty-two week high of $81.93. The firm has a market cap of $14.58 billion, a P/E ratio of 27.46, a P/E/G ratio of 3.38 and a beta of 0.80. The business’s fifty day moving average is $78.57 and its two-hundred day moving average is $76.25.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were given a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, June 12th. Regency Centers’s payout ratio is currently 104.14%.

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.