Regency Centers (NASDAQ:REG) Stock Price Expected to Rise, Truist Financial Analyst Says

Regency Centers (NASDAQ:REGGet Free Report) had its target price raised by equities researchers at Truist Financial from $77.00 to $84.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 5.37% from the company’s previous close.

REG has been the subject of a number of other reports. KeyCorp restated a “sector weight” rating on shares of Regency Centers in a research report on Thursday, December 4th. Jefferies Financial Group set a $79.00 price target on shares of Regency Centers in a report on Monday, December 15th. Royal Bank Of Canada upgraded shares of Regency Centers to a “sector perform” rating in a research report on Friday, January 9th. Citigroup increased their price objective on Regency Centers from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Finally, Weiss Ratings raised Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Regency Centers currently has a consensus rating of “Moderate Buy” and an average price target of $79.50.

Read Our Latest Report on REG

Regency Centers Stock Up 0.2%

Shares of NASDAQ REG opened at $79.72 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.68. The company has a market cap of $14.58 billion, a P/E ratio of 28.47, a P/E/G ratio of 3.42 and a beta of 0.91. Regency Centers has a 52 week low of $63.44 and a 52 week high of $79.89. The business has a 50-day simple moving average of $72.98 and a two-hundred day simple moving average of $71.53.

Insiders Place Their Bets

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 10,000 shares of Regency Centers stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $76.30, for a total transaction of $763,000.00. Following the completion of the sale, the chairman owned 272,133 shares of the company’s stock, valued at $20,763,747.90. The trade was a 3.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by insiders.

Institutional Trading of Regency Centers

A number of hedge funds have recently bought and sold shares of REG. AQR Capital Management LLC grew its position in Regency Centers by 15.4% during the first quarter. AQR Capital Management LLC now owns 64,337 shares of the company’s stock valued at $4,701,000 after acquiring an additional 8,563 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Regency Centers by 3.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company’s stock worth $1,099,000 after acquiring an additional 557 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Regency Centers by 9.6% in the 1st quarter. Empowered Funds LLC now owns 5,856 shares of the company’s stock valued at $432,000 after purchasing an additional 511 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Regency Centers by 81.5% during the 1st quarter. Jane Street Group LLC now owns 8,247 shares of the company’s stock valued at $608,000 after purchasing an additional 3,702 shares during the last quarter. Finally, Intech Investment Management LLC raised its position in Regency Centers by 47.6% in the 1st quarter. Intech Investment Management LLC now owns 20,011 shares of the company’s stock worth $1,476,000 after purchasing an additional 6,451 shares during the period. Institutional investors own 96.07% of the company’s stock.

Key Regency Centers News

Here are the key news stories impacting Regency Centers this week:

About Regency Centers

(Get Free Report)

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.

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