Regency Centers Corporation (NASDAQ:REG) Receives $82.07 Consensus Target Price from Analysts

Shares of Regency Centers Corporation (NASDAQ:REG) have been assigned a consensus rating of “Hold” from the eighteen brokerages that are covering the stock, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned 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 $82.2667.

Several research firms have recently issued reports on REG. Morgan Stanley boosted their price objective on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. BTIG Research reiterated a “buy” rating and set a $85.00 target price on shares of Regency Centers in a research report on Friday. Truist Financial lifted their target price on shares of Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Wells Fargo & Company lifted their target price on shares of Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Regency Centers in a research report on Friday, May 29th.

Regency Centers Stock Performance

NASDAQ:REG opened at $80.28 on Wednesday. The firm’s 50-day moving average is $78.42 and its 200-day moving average is $74.81. Regency Centers has a 52-week low of $66.86 and a 52-week high of $81.66. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. The company has a market cap of $14.70 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 3.42 and a beta of 0.81.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be given a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, June 12th. Regency Centers’s payout ratio is 104.14%.

Insider Activity

In other news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of Regency Centers stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total transaction of $626,708.62. Following the sale, the insider directly owned 33,069 shares in the company, valued at approximately $2,614,435.14. The trade was a 19.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of Regency Centers stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $78.40, for a total transaction of $21,529,816.00. Additional details regarding this sale are available in the official SEC disclosure. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Regency Centers

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pensionfund Sabic acquired a new position in Regency Centers in the fourth quarter valued at about $1,339,000. Azzad Asset Management Inc. ADV boosted its position in Regency Centers by 68.6% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 53,562 shares of the company’s stock valued at $3,697,000 after buying an additional 21,799 shares in the last quarter. M&T Bank Corp boosted its position in Regency Centers by 168.6% in the fourth quarter. M&T Bank Corp now owns 25,931 shares of the company’s stock valued at $1,791,000 after buying an additional 16,277 shares in the last quarter. Centersquare Investment Management LLC boosted its position in Regency Centers by 5.7% in the third quarter. Centersquare Investment Management LLC now owns 351,963 shares of the company’s stock valued at $25,658,000 after buying an additional 18,997 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in Regency Centers by 3.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 311,562 shares of the company’s stock valued at $21,507,000 after buying an additional 10,745 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.