Regency Centers (NASDAQ:REG) Share Price Breaks Above 200-Day Moving Average – Should You Sell?

Regency Centers Corporation (NASDAQ:REG) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $76.67 and traded as high as $76.97. Regency Centers shares last traded at $76.84, with a volume of 1,635,401 shares changing hands.

Wall Street Analysts Forecast Growth

REG has been the subject of several research reports. Truist Financial assumed coverage on shares of Regency Centers in a research note on Thursday, October 1st. They set a “buy” rating and a $84.00 price objective for the company. Weiss Ratings lowered Regency Centers from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Griffin Securities set a $81.00 price objective on shares of Regency Centers in a research report on Monday, September 21st. Barclays dropped their price target on shares of Regency Centers from $92.00 to $85.00 and set an “overweight” rating for the company in a research note on Monday, September 28th. Finally, Argus set a $85.00 price objective on Regency Centers in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $83.00.

Regency Centers Stock Up 2.2%

The business has a 50 day simple moving average of $73.68 and a 200 day simple moving average of $76.67. The company has a market capitalization of $14.07 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 4.51 and a beta of 0.80. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 1.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of Regency Centers in the 2nd quarter valued at about $1,597,868,000. Principal Financial Group Inc. increased its position in shares of Regency Centers by 10.3% in the 1st quarter. Principal Financial Group Inc. now owns 10,004,796 shares of the company’s stock valued at $756,967,000 after purchasing an additional 931,272 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Regency Centers by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,667,906 shares of the company’s stock worth $201,849,000 after purchasing an additional 67,213 shares during the last quarter. Deutsche Bank AG acquired a new position in shares of Regency Centers during the second quarter worth $170,282,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Regency Centers by 18,982.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,953,088 shares of the company’s stock valued at $155,739,000 after buying an additional 1,942,853 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

About Regency Centers

Regency Centers Corporation is a real estate investment trust that owns, operates, develops and redevelops grocery-anchored shopping centers in the United States. Its properties are designed to serve everyday consumer needs and typically include supermarkets, restaurants, service providers, retailers and other commercial tenants.

The company focuses primarily on high-quality shopping centers located in established and growing communities, often in affluent or densely populated trade areas.