Regency Centers (NASDAQ:REG) PT Raised to $71.00

Regency Centers (NASDAQ:REG – Get Rating) had its price objective hoisted by research analysts at Barclays from $70.00 to $71.00 in a report released on Friday, The Fly reports. Barclays‘s price target suggests a potential upside of 23.20% from the company’s previous close.

A number of other research firms have also recently issued reports on REG. StockNews.com began coverage on shares of Regency Centers in a research report on Thursday. They set a “hold” rating on the stock. Truist Financial cut their price objective on shares of Regency Centers from $73.00 to $71.00 in a research report on Monday, May 15th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Regency Centers has a consensus rating of “Moderate Buy” and an average price target of $68.09.

Regency Centers Stock Down 1.0 %

NASDAQ REG opened at $57.63 on Friday. The business has a fifty day moving average price of $60.02 and a two-hundred day moving average price of $61.71. The stock has a market capitalization of $9.85 billion, a PE ratio of 25.61, a PEG ratio of 3.99 and a beta of 1.15. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.86 and a quick ratio of 0.86. Regency Centers has a fifty-two week low of $51.97 and a fifty-two week high of $69.35.

Regency Centers announced that its board has authorized a stock repurchase program on Thursday, February 9th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Institutional Trading of Regency Centers

Several hedge funds have recently added to or reduced their stakes in REG. Spire Wealth Management increased its position in shares of Regency Centers by 175.1% in the first quarter. Spire Wealth Management now owns 476 shares of the company’s stock valued at $29,000 after acquiring an additional 303 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of Regency Centers by 86.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 542 shares of the company’s stock valued at $33,000 after buying an additional 252 shares during the period. Lindbrook Capital LLC increased its position in shares of Regency Centers by 59.8% during the first quarter. Lindbrook Capital LLC now owns 545 shares of the company’s stock valued at $33,000 after buying an additional 204 shares during the period. MADDEN SECURITIES Corp purchased a new position in shares of Regency Centers during the fourth quarter valued at about $35,000. Finally, MV Capital Management Inc. increased its position in shares of Regency Centers by 10,411.1% during the first quarter. MV Capital Management Inc. now owns 946 shares of the company’s stock valued at $58,000 after buying an additional 937 shares during the period. 88.58% of the stock is owned by institutional investors.

Regency Centers Company Profile

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Regency Centers Corp. operates as a real estate investment trust, which engages in the ownership, operation, and development of retail shopping centers. Its portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to its neighborhoods, communities, and customers.