Regency Centers Corporation (NASDAQ:REG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Regency Centers Corporation (NASDAQ:REG) have received an average recommendation of “Hold” from the seventeen research firms that are presently covering the company, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $78.7857.

Several equities analysts recently commented on REG shares. Argus raised shares of Regency Centers to a “strong-buy” rating in a research report on Wednesday, November 5th. UBS Group set a $76.00 price target on shares of Regency Centers in a research note on Wednesday, January 14th. Citigroup raised their price target on shares of Regency Centers from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Tuesday. Morgan Stanley reissued an “overweight” rating and set a $85.00 price objective on shares of Regency Centers in a report on Monday, January 5th. Finally, Scotiabank reduced their target price on Regency Centers from $78.00 to $76.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 14th.

Institutional Investors Weigh In On Regency Centers

Hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC grew its position in Regency Centers by 15.4% during the first quarter. AQR Capital Management LLC now owns 64,337 shares of the company’s stock valued at $4,701,000 after buying an additional 8,563 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Regency Centers by 3.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company’s stock valued at $1,099,000 after purchasing an additional 557 shares during the period. Empowered Funds LLC increased its stake in shares of Regency Centers by 9.6% during the first quarter. Empowered Funds LLC now owns 5,856 shares of the company’s stock worth $432,000 after purchasing an additional 511 shares in the last quarter. Jane Street Group LLC increased its stake in shares of 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 purchasing an additional 3,702 shares in the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Regency Centers by 47.6% during the 1st quarter. Intech Investment Management LLC now owns 20,011 shares of the company’s stock worth $1,476,000 after purchasing an additional 6,451 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Down 0.3%

Shares of Regency Centers stock traded down $0.23 on Thursday, reaching $76.24. The stock had a trading volume of 430,562 shares, compared to its average volume of 1,363,643. The company has a quick ratio of 1.20, a current ratio of 1.05 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $13.94 billion, a P/E ratio of 27.22, a P/E/G ratio of 2.86 and a beta of 0.94. The company has a 50 day moving average price of $70.40 and a 200 day moving average price of $70.99. Regency Centers has a 1 year low of $63.44 and a 1 year high of $78.18.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be paid a dividend of $0.755 per share. The ex-dividend date is Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.0%. Regency Centers’s dividend payout ratio (DPR) is presently 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.