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

Shares of Regency Centers Corporation (NASDAQ:REG) have been assigned a consensus rating of “Moderate Buy” from the seventeen research firms that are presently covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $80.1429.

REG has been the topic of several recent analyst reports. Jefferies Financial Group set a $79.00 price objective on Regency Centers in a report on Monday, December 15th. Truist Financial increased their target price on Regency Centers from $77.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Robert W. Baird set a $84.00 target price on shares of Regency Centers in a report on Tuesday, February 10th. Royal Bank Of Canada raised shares of Regency Centers to a “sector perform” rating in a research note on Friday, January 9th. Finally, UBS Group set a $76.00 price target on shares of Regency Centers in a report on Wednesday, January 14th.

Regency Centers Stock Down 0.1%

NASDAQ:REG opened at $74.35 on Friday. Regency Centers has a 1 year low of $63.44 and a 1 year high of $79.89. The stock has a 50-day moving average price of $75.44 and a two-hundred day moving average price of $72.09. The stock has a market cap of $13.60 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 3.20 and a beta of 0.91. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be paid a $0.755 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a yield of 4.1%. Regency Centers’s dividend payout ratio is presently 107.86%.

Insider Transactions at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 129,490 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $78.33, for a total transaction of $10,142,951.70. Following the completion of the transaction, the chairman owned 195,892 shares in the company, valued at approximately $15,344,220.36. This represents a 39.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 177,490 shares of company stock worth $13,839,932. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Regency Centers

Institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. boosted its position in shares of Regency Centers by 38.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,205 shares of the company’s stock worth $152,000 after buying an additional 615 shares during the period. Corient Private Wealth LLC raised its position in Regency Centers by 111.6% in the 4th quarter. Corient Private Wealth LLC now owns 16,478 shares of the company’s stock valued at $1,138,000 after buying an additional 8,691 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Regency Centers by 1,057.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 891 shares of the company’s stock valued at $62,000 after acquiring an additional 814 shares in the last quarter. Tobam lifted its stake in Regency Centers by 4,422.0% in the 4th quarter. Tobam now owns 12,119 shares of the company’s stock valued at $837,000 after acquiring an additional 11,851 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in Regency Centers by 112.5% during the 4th quarter. Pacer Advisors Inc. now owns 27,697 shares of the company’s stock worth $1,912,000 after acquiring an additional 14,665 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

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.