Regency Centers Corporation (NASDAQ:REG) Receives Consensus Rating of “Hold” from Analysts

Regency Centers Corporation (NASDAQ:REG) has received an average recommendation of “Hold” from the seventeen analysts that are currently covering the company, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $81.7143.

REG has been the subject of several recent analyst reports. Barclays increased their price objective on Regency Centers from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. UBS Group increased their target price on shares of Regency Centers from $75.00 to $81.00 and gave the stock a “neutral” rating in a research report on Monday. Robert W. Baird set a $84.00 price target on shares of Regency Centers in a research report on Tuesday, February 10th. Evercore set a $80.00 price objective on shares of Regency Centers in a research note on Friday, May 1st. Finally, Morgan Stanley raised 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.

Regency Centers Trading Up 0.6%

REG stock opened at $78.84 on Friday. Regency Centers has a 1-year low of $66.86 and a 1-year high of $81.66. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $77.64 and its 200-day moving average is $73.91. The firm has a market cap of $14.44 billion, a P/E ratio of 27.19, a P/E/G ratio of 3.33 and a beta of 0.82.

Regency Centers Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total transaction of $626,708.62. Following the sale, the insider owned 33,069 shares in the company, valued at approximately $2,614,435.14. This represents a 19.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the firm’s stock in a transaction 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. In the last three months, insiders sold 450,032 shares of company stock worth $35,233,456. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Regency Centers

A number of large investors have recently modified their holdings of REG. Inspire Investing LLC lifted its stake in shares of Regency Centers by 0.6% during the first quarter. Inspire Investing LLC now owns 22,480 shares of the company’s stock valued at $1,701,000 after acquiring an additional 141 shares during the period. Norinchukin Bank The increased its position in Regency Centers by 0.8% in the third quarter. Norinchukin Bank The now owns 17,730 shares of the company’s stock worth $1,293,000 after purchasing an additional 147 shares during the period. Park Avenue Securities LLC increased its position in Regency Centers by 5.2% in the third quarter. Park Avenue Securities LLC now owns 3,040 shares of the company’s stock worth $222,000 after purchasing an additional 149 shares during the period. Telos Capital Management Inc. raised its holdings in Regency Centers by 2.9% during the 4th quarter. Telos Capital Management Inc. now owns 5,378 shares of the company’s stock worth $371,000 after purchasing an additional 153 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in Regency Centers by 63.1% during 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 during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.