Analysts Set Regency Centers Corporation (NASDAQ:REG) PT at $78.79

Shares of Regency Centers Corporation (NASDAQ:REG) have received a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $79.50.

A number of research firms recently commented on REG. UBS Group set a $76.00 price objective on Regency Centers in a research report on Wednesday, January 14th. Jefferies Financial Group set a $79.00 price target on shares of Regency Centers in a report on Monday, December 15th. Morgan Stanley reissued an “overweight” rating and issued a $85.00 price objective on shares of Regency Centers in a research report on Monday, January 5th. Royal Bank Of Canada raised shares of Regency Centers to a “sector perform” rating in a research note on Friday, January 9th. Finally, Scotiabank decreased their target price on shares of Regency Centers from $78.00 to $76.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 14th.

Insider Activity at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 10,000 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $76.30, for a total value of $763,000.00. Following the completion of the transaction, the chairman directly owned 272,133 shares in the company, valued at approximately $20,763,747.90. This represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Norinchukin Bank The boosted its position in shares of 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 acquiring an additional 147 shares during the last quarter. Park Avenue Securities LLC grew its position in Regency Centers by 5.2% during the third quarter. Park Avenue Securities LLC now owns 3,040 shares of the company’s stock valued at $222,000 after acquiring an additional 149 shares during the period. Telos Capital Management Inc. increased its stake in Regency Centers by 2.9% during the fourth quarter. Telos Capital Management Inc. now owns 5,378 shares of the company’s stock worth $371,000 after acquiring an additional 153 shares during the last quarter. Atria Investments Inc increased its stake in Regency Centers by 3.3% during the second quarter. Atria Investments Inc now owns 4,847 shares of the company’s stock worth $345,000 after acquiring an additional 156 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Regency Centers by 63.1% in 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. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Price Performance

REG stock opened at $78.66 on Monday. The stock’s 50 day moving average price is $73.56 and its 200 day moving average price is $71.70. The firm has a market cap of $14.39 billion, a P/E ratio of 28.09, a PEG ratio of 3.41 and a beta of 0.91. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.05. Regency Centers has a 1 year low of $63.44 and a 1 year high of $79.89.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be issued a dividend of $0.755 per share. The ex-dividend date is Wednesday, March 11th. This represents a $3.02 annualized dividend and a dividend yield of 3.8%. Regency Centers’s dividend payout ratio (DPR) is 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.