Regency Centers (NASDAQ:REG) Sets New 1-Year High Following Analyst Upgrade

Regency Centers Corporation (NASDAQ:REG)’s share price hit a new 52-week high on Monday after Barclays raised their price target on the stock from $82.00 to $85.00. Barclays currently has an overweight rating on the stock. Regency Centers traded as high as $79.39 and last traded at $79.0680, with a volume of 207163 shares changing hands. The stock had previously closed at $79.00.

A number of other brokerages also recently commented on REG. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $76.00 price target (down from $81.00) on shares of Regency Centers in a report on Thursday, December 18th. Truist Financial upped their target price on Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a research report on Monday. Scotiabank decreased their price target on shares of Regency Centers from $78.00 to $76.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 14th. UBS Group set a $76.00 price target on shares of Regency Centers in a research note on Wednesday, January 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $85.00 price target on shares of Regency Centers in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.50.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $76.30, for a total value of $763,000.00. Following the transaction, the chairman directly owned 272,133 shares in the company, valued at approximately $20,763,747.90. This trade represents a 3.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Regency Centers

Large investors have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Regency Centers during the fourth quarter valued at approximately $1,183,667,000. State Street Corp boosted its position in Regency Centers by 1.4% during the 4th quarter. State Street Corp now owns 12,572,876 shares of the company’s stock valued at $877,261,000 after purchasing an additional 168,884 shares during the period. Geode Capital Management LLC grew its stake in Regency Centers by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock worth $338,110,000 after buying an additional 67,739 shares during the last quarter. Invesco Ltd. grew its stake in Regency Centers by 7.2% during the 4th quarter. Invesco Ltd. now owns 4,261,437 shares of the company’s stock worth $294,167,000 after buying an additional 287,397 shares during the last quarter. Finally, Boston Partners increased its position in Regency Centers by 2.1% in the third quarter. Boston Partners now owns 3,540,137 shares of the company’s stock worth $258,062,000 after buying an additional 72,584 shares during the period. Institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $14.47 billion, a P/E ratio of 28.26, a PEG ratio of 3.40 and a beta of 0.91. The business has a 50 day simple moving average of $72.56 and a 200-day simple moving average of $71.41.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be paid a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Wednesday, March 11th. Regency Centers’s payout ratio is currently 107.86%.

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.