Morgan Stanley Issues Positive Forecast for Regency Centers (NASDAQ:REG) Stock Price

Regency Centers (NASDAQ:REG) had its price target lifted by Morgan Stanley from $85.00 to $88.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research firms have also weighed in on REG. Robert W. Baird set a $84.00 target price on Regency Centers in a report on Tuesday, February 10th. Mizuho reaffirmed a “neutral” rating and set a $74.00 price target (down from $77.00) on shares of Regency Centers in a research note on Friday, January 9th. Wells Fargo & Company boosted their price objective on shares of Regency Centers from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Weiss Ratings raised shares of Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Finally, Barclays raised their target price on shares of Regency Centers from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Regency Centers currently has an average rating of “Moderate Buy” and a consensus target price of $80.36.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $80.01 on Tuesday. The business’s 50 day simple moving average is $77.36 and its 200-day simple moving average is $72.91. The firm has a market capitalization of $14.65 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 3.49 and a beta of 0.90. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.05 and a quick ratio of 1.05. Regency Centers has a 12 month low of $66.86 and a 12 month high of $81.66.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were issued a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, March 11th. Regency Centers’s payout ratio is 107.86%.

Insider Activity

In other news, Chairman Martin E. Stein, Jr. sold 38,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $77.21, for a total value of $2,933,980.00. Following the sale, the chairman directly owned 157,892 shares in the company, valued at $12,190,841.32. This represents a 19.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 177,490 shares of company stock valued at $13,839,932 in the last quarter. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Havemeyer Place LP acquired a new stake in shares of Regency Centers during the 4th quarter worth about $26,000. Brown Brothers Harriman & Co. raised its position in shares of Regency Centers by 63.1% in the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after buying an additional 157 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Regency Centers in the second quarter valued at approximately $31,000. Hantz Financial Services Inc. lifted its stake in shares of Regency Centers by 388.9% during the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $30,000 after buying an additional 350 shares during the period. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in shares of Regency Centers during the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.