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

Shares of Regency Centers Corporation (NASDAQ:REG) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $80.1429.

REG has been the topic of several recent research reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $76.00 price target (down from $81.00) on shares of Regency Centers in a research note on Thursday, December 18th. Wells Fargo & Company lifted their price objective on Regency Centers from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. UBS Group set a $76.00 target price on Regency Centers in a report on Wednesday, January 14th. KeyCorp reissued a “sector weight” rating on shares of Regency Centers in a research note on Thursday, December 4th. Finally, Morgan Stanley restated an “overweight” rating and set a $85.00 price target on shares of Regency Centers in a report on Monday, January 5th.

Regency Centers Price Performance

Shares of NASDAQ REG opened at $75.66 on Friday. The company has a 50 day simple moving average of $75.67 and a two-hundred day simple moving average of $72.14. Regency Centers has a fifty-two week low of $63.44 and a fifty-two week high of $79.89. The company has a market capitalization of $13.85 billion, a price-to-earnings ratio of 27.02, a P/E/G ratio of 3.22 and a beta of 0.91. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.05.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be given a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, March 11th. Regency Centers’s dividend payout ratio is 107.86%.

Insiders Place Their Bets

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 38,000 shares of Regency Centers stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $77.21, for a total value of $2,933,980.00. Following the completion of the transaction, the chairman directly owned 157,892 shares of the company’s stock, valued at approximately $12,190,841.32. The trade was a 19.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 177,490 shares of company stock worth $13,839,932. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Regency Centers

A number of institutional investors have recently made changes to their positions in the company. Havemeyer Place LP bought a new position in Regency Centers in the 4th quarter valued at approximately $26,000. Hantz Financial Services Inc. increased its holdings in shares of Regency Centers by 388.9% in the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after purchasing an additional 350 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Regency Centers by 63.1% in the 3rd 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 shares of Regency Centers in the second quarter worth $31,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in shares of Regency Centers in the third quarter worth $33,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.