Regency Centers (NASDAQ:REG) Downgraded to “Hold” Rating by Barclays

Barclays lowered shares of Regency Centers (NASDAQ:REG) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

REG has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Tuesday, January 20th. UBS Group set a $76.00 price objective on Regency Centers in a report on Wednesday, January 14th. Wells Fargo & Company boosted their target price on Regency Centers from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Scotiabank upped their price target on Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 24th. Finally, Weiss Ratings upgraded shares of Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Regency Centers has a consensus rating of “Hold” and an average price target of $81.36.

Regency Centers Stock Performance

REG opened at $77.27 on Monday. The stock has a 50-day moving average of $77.90 and a 200-day moving average of $73.54. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. Regency Centers has a 52-week low of $66.86 and a 52-week high of $81.66. The company has a market cap of $14.15 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 3.29 and a beta of 0.82.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders 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 yield of 3.9%. The ex-dividend date of this dividend is Friday, June 12th. Regency Centers’s dividend payout ratio is 104.14%.

Insider Activity

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the company’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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total transaction of $626,708.62. Following the completion of the sale, the insider directly owned 33,069 shares of the company’s stock, valued at approximately $2,614,435.14. The trade was a 19.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 460,032 shares of company stock valued at $35,996,456 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Regency Centers

A number of hedge funds have recently modified their holdings of the business. Havemeyer Place LP acquired a new position in shares of Regency Centers in the 4th quarter worth approximately $26,000. Hantz Financial Services Inc. lifted its stake in shares of Regency Centers by 388.9% in the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $30,000 after purchasing an additional 350 shares during the period. Brown Brothers Harriman & Co. grew its stake in Regency Centers by 63.1% during the third 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 bought a new stake in shares of Regency Centers in the 2nd quarter valued at $31,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Regency Centers during the second quarter valued at about $34,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.