Brokerages Set Regency Centers Corporation (NASDAQ:REG) Price Target at $78.79

Shares of Regency Centers Corporation (NASDAQ:REG) have earned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the firm, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $79.50.

A number of equities analysts have recently weighed in on the company. Mizuho reiterated 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. Royal Bank Of Canada upgraded shares of Regency Centers to a “sector perform” rating in a research note on Friday, January 9th. Barclays increased their target price on shares of Regency Centers from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday. Truist Financial boosted their price target on shares of Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Tuesday, January 20th.

Insider Activity at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $76.30, for a total transaction of $763,000.00. Following the transaction, the chairman owned 272,133 shares of the company’s stock, valued at approximately $20,763,747.90. This trade represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in Regency Centers in the fourth quarter worth $1,183,667,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Regency Centers in the third quarter worth about $107,144,000. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Regency Centers during the 4th quarter worth about $56,480,000. Goldman Sachs Group Inc. increased its holdings in shares of Regency Centers by 75.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,806,165 shares of the company’s stock valued at $124,680,000 after acquiring an additional 775,609 shares during the last quarter. Finally, Amundi raised its stake in shares of Regency Centers by 91.4% in the 2nd quarter. Amundi now owns 1,530,276 shares of the company’s stock valued at $108,344,000 after acquiring an additional 730,730 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Performance

Shares of REG stock opened at $79.60 on Monday. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of 28.43, a P/E/G ratio of 3.43 and a beta of 0.91. Regency Centers has a 1-year low of $63.44 and a 1-year high of $79.89. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $73.18 and its 200-day simple moving average is $71.59.

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 paid a dividend of $0.755 per share. The ex-dividend date of this dividend 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 107.86%.

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.