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

Shares of Regency Centers Corporation (NASDAQ:REG) have received a consensus rating of “Moderate Buy” from the seventeen analysts that are currently covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $78.7857.

REG has been the topic of several research analyst reports. Argus upgraded shares of Regency Centers to a “strong-buy” rating in a research note on Wednesday, November 5th. UBS Group set a $76.00 price objective on shares of Regency Centers in a report on Wednesday, January 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 price objective on shares of Regency Centers in a research report on Monday, January 5th. Weiss Ratings raised Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $76.00 price objective (down from $81.00) on shares of Regency Centers in a research report on Thursday, December 18th.

Insider Transactions at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 10,000 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $76.30, for a total value of $763,000.00. Following the completion of the transaction, the chairman owned 272,133 shares in the company, valued at approximately $20,763,747.90. This represents a 3.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Regency Centers

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Regency Centers in the fourth quarter valued at approximately $1,183,667,000. State Street Corp raised its position in Regency Centers by 1.4% in the 4th quarter. State Street Corp now owns 12,572,876 shares of the company’s stock valued at $877,261,000 after purchasing an additional 168,884 shares during the last quarter. Geode Capital Management LLC raised its position in Regency Centers by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock valued at $338,110,000 after purchasing an additional 67,739 shares during the last quarter. Invesco Ltd. boosted its stake in Regency Centers by 7.2% in the fourth quarter. Invesco Ltd. now owns 4,261,437 shares of the company’s stock worth $294,167,000 after purchasing an additional 287,397 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of Regency Centers by 2.1% during the third quarter. Boston Partners now owns 3,540,137 shares of the company’s stock worth $258,062,000 after purchasing an additional 72,584 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Trading Up 0.7%

Regency Centers stock opened at $79.00 on Monday. Regency Centers has a 52 week low of $63.44 and a 52 week high of $79.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $14.45 billion, a PE ratio of 28.21, a PEG ratio of 3.40 and a beta of 0.91. The business’s 50-day simple moving average is $72.56 and its 200-day simple moving average is $71.41.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be paid a dividend of $0.755 per share. The ex-dividend date is Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a yield of 3.8%. Regency Centers’s payout ratio is currently 107.86%.

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.