Regency Centers (NASDAQ:REG) Upgraded by Jefferies Financial Group to “Strong-Buy” Rating

Jefferies Financial Group upgraded shares of Regency Centers (NASDAQ:REG) to a strong-buy rating in a research note published on Friday morning,Zacks.com reports.

Other research analysts also recently issued reports about the company. UBS Group increased their target price on Regency Centers from $75.00 to $81.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Scotiabank lifted their price target on shares of Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 24th. Citigroup raised their target price on shares of Regency Centers from $76.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Truist Financial lifted their target price on Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Morgan Stanley raised their price objective on Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $82.27.

Regency Centers Stock Up 1.9%

Regency Centers stock opened at $81.81 on Friday. Regency Centers has a 12 month low of $66.86 and a 12 month high of $81.93. The stock has a fifty day simple moving average of $78.56 and a two-hundred day simple moving average of $75.38. 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 firm has a market cap of $14.98 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 3.40 and a beta of 0.81.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors 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 3.7%. The ex-dividend date is Friday, June 12th. Regency Centers’s dividend payout ratio is 104.14%.

Insider Activity at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 274,615 shares of Regency Centers stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $78.40, for a total value of $21,529,816.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Terah L. Devereaux sold 1,240 shares of Regency Centers stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $80.14, for a total value of $99,373.60. Following the completion of the sale, the insider directly owned 17,990 shares in the company, valued at $1,441,718.60. This represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 283,782 shares of company stock valued at $22,255,898. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Regency Centers

Hedge funds and other institutional investors have recently modified their holdings of the business. Havemeyer Place LP purchased a new stake in shares of Regency Centers in the 4th quarter valued at $26,000. Hantz Financial Services Inc. increased its holdings in Regency Centers by 388.9% during the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after purchasing an additional 350 shares during the period. Brown Brothers Harriman & Co. increased 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 period. CYBER HORNET ETFs LLC purchased a new position in shares of Regency Centers in the 2nd quarter valued at about $31,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Regency Centers during the second quarter worth approximately $34,000. 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.