Barclays Initiates Coverage on Regency Centers (NASDAQ:REG)

Equities research analysts at Barclays started coverage on shares of Regency Centers (NASDAQ:REG) in a note issued to investors on Wednesday, Marketbeat reports. The brokerage set an “equal weight” rating and a $77.00 price target on the stock. Barclays‘s price objective indicates a potential upside of 8.76% from the company’s previous close.

Several other research firms have also weighed in on REG. Scotiabank reduced their price objective on shares of Regency Centers from $76.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Monday, May 12th. Wall Street Zen raised shares of Regency Centers from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Truist Financial lifted their price target on shares of Regency Centers from $78.00 to $79.00 and gave the stock a “buy” rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company reduced their target price on Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Regency Centers currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Regency Centers Stock Down 0.0%

Shares of NASDAQ REG opened at $70.80 on Wednesday. Regency Centers has a 1 year low of $61.34 and a 1 year high of $78.18. The firm has a market capitalization of $12.85 billion, a PE ratio of 33.39, a price-to-earnings-growth ratio of 3.45 and a beta of 1.00. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. The firm’s 50-day moving average is $71.72 and its 200-day moving average is $72.14.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.01. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. The firm had revenue of $370.35 million for the quarter, compared to analysts’ expectations of $364.64 million. During the same period last year, the firm earned $1.08 earnings per share. Equities analysts expect that Regency Centers will post 4.54 EPS for the current year.

Insider Buying and Selling

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total transaction of $301,205.52. Following the sale, the insider owned 33,069 shares in the company, valued at approximately $2,395,518.36. This represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

Institutional Trading of Regency Centers

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wayfinding Financial LLC bought a new stake in shares of Regency Centers in the 1st quarter valued at about $25,000. Heck Capital Advisors LLC bought a new stake in shares of Regency Centers in the 4th quarter valued at about $26,000. TD Waterhouse Canada Inc. raised its stake in Regency Centers by 48,700.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company’s stock valued at $36,000 after buying an additional 487 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in Regency Centers by 42.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company’s stock valued at $37,000 after buying an additional 150 shares during the period. Finally, Sentry Investment Management LLC bought a new stake in Regency Centers in the first quarter valued at approximately $38,000. Institutional investors own 96.07% of the company’s stock.

Regency Centers Company Profile

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.