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

Shares of Regency Centers Corporation (NASDAQ:REG) have been given an average rating of “Moderate Buy” by the sixteen research firms that are covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $78.6923.

A number of analysts recently issued reports on REG shares. Deutsche Bank Aktiengesellschaft upgraded Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Tuesday, January 20th. Truist Financial decreased their price objective on Regency Centers from $81.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, November 18th. UBS Group set a $76.00 price target on Regency Centers in a report on Wednesday, January 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $76.00 target price (down previously from $81.00) on shares of Regency Centers in a report on Thursday, December 18th. Finally, Jefferies Financial Group set a $79.00 target price on shares of Regency Centers in a report on Monday, December 15th.

Regency Centers Stock Up 2.4%

REG opened at $74.25 on Thursday. The company’s 50-day moving average is $69.87 and its 200 day moving average is $70.82. The firm has a market capitalization of $13.58 billion, a P/E ratio of 34.22, a PEG ratio of 2.70 and a beta of 0.94. Regency Centers has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.20.

Insider Transactions at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $70.02, for a total value of $1,050,300.00. Following the transaction, the chairman directly owned 272,958 shares of the company’s stock, valued at approximately $19,112,519.16. The trade was a 5.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Regency Centers

Several hedge funds and other institutional investors have recently bought and sold shares of REG. Brown Brothers Harriman & Co. increased its stake in shares of Regency Centers by 63.1% during the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 157 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Regency Centers in the 2nd quarter valued at about $31,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Regency Centers in the 3rd quarter worth about $33,000. MUFG Securities EMEA plc purchased a new stake in Regency Centers during the 2nd quarter worth approximately $34,000. Finally, Financial Consulate Inc. acquired a new position in shares of Regency Centers during the third quarter valued at approximately $38,000. 96.07% of the stock is owned by institutional investors and hedge funds.

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.