Regency Centers (NASDAQ:REG) Stock Rating Upgraded by Jefferies Financial Group

Regency Centers (NASDAQ:REG) was upgraded by stock analysts at Jefferies Financial Group to a “strong-buy” rating in a note issued to investors on Friday,Zacks.com reports.

REG has been the subject of several other research reports. UBS Group boosted their price target on shares of Regency Centers from $75.00 to $81.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. BTIG Research restated a “buy” rating and issued a $85.00 price objective on shares of Regency Centers in a report on Friday, June 12th. Morgan Stanley lifted their price objective on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Evercore set a $80.00 target price on shares of Regency Centers in a research note on Friday, May 1st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Regency Centers in a report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $82.27.

Regency Centers Price Performance

Shares of NASDAQ REG opened at $81.81 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. The company has a market cap of $14.98 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 3.40 and a beta of 0.81. The stock’s 50-day moving average is $78.56 and its two-hundred day moving average is $75.38. Regency Centers has a 1-year low of $66.86 and a 1-year high of $81.93.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of Regency Centers stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total value of $626,708.62. Following the transaction, the insider directly owned 33,069 shares in the company, valued at approximately $2,614,435.14. This trade represents a 19.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of Regency Centers stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $78.40, for a total value of $21,529,816.00. The SEC filing for this sale provides additional information. Insiders sold a total of 283,782 shares of company stock valued at $22,255,898 in the last ninety days. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Regency Centers

Several hedge funds have recently modified their holdings of REG. Inspire Investing LLC raised its position in Regency Centers by 0.6% during the 1st quarter. Inspire Investing LLC now owns 22,480 shares of the company’s stock worth $1,701,000 after buying an additional 141 shares during the last quarter. Norinchukin Bank The boosted its holdings in shares of Regency Centers by 0.8% in the third quarter. Norinchukin Bank The now owns 17,730 shares of the company’s stock valued at $1,293,000 after acquiring an additional 147 shares in the last quarter. Telos Capital Management Inc. increased its stake in shares of Regency Centers by 2.9% during the fourth quarter. Telos Capital Management Inc. now owns 5,378 shares of the company’s stock worth $371,000 after acquiring an additional 153 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of Regency Centers by 63.1% during the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after acquiring an additional 157 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Regency Centers by 12.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,437 shares of the company’s stock worth $102,000 after purchasing an additional 162 shares in the last quarter. 96.07% of the stock is 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.