Regency Centers (NASDAQ:REG) Price Target Raised to $85.00

Regency Centers (NASDAQ:REG) had its target price boosted by Barclays from $82.00 to $85.00 in a research report released on Monday,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other research firms have also recently issued reports on REG. Citigroup boosted their target price on Regency Centers from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Robert W. Baird set a $84.00 price objective on Regency Centers in a report on Tuesday, February 10th. Mizuho reissued a “neutral” rating and issued a $74.00 target price (down from $77.00) on shares of Regency Centers in a report on Friday, January 9th. Truist Financial boosted their target price on shares of Regency Centers from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Royal Bank Of Canada upgraded shares of Regency Centers to a “sector perform” rating in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $79.50.

Regency Centers Stock Down 0.2%

REG stock opened at $79.60 on Monday. The stock has a market capitalization of $14.56 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 3.43 and a beta of 0.91. The company has a fifty day moving average of $73.18 and a 200-day moving average of $71.59. 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 has a one year low of $63.44 and a one year high of $79.89.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be given a $0.755 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.8%. Regency Centers’s dividend payout ratio (DPR) is currently 107.86%.

Insider Activity

In related news, Chairman Martin E. Stein, Jr. sold 10,000 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $76.30, for a total value of $763,000.00. Following the sale, the chairman directly owned 272,133 shares in the company, valued at $20,763,747.90. The trade was a 3.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

Institutional Trading of Regency Centers

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