Regency Centers (NASDAQ:REG) Reaches New 52-Week High on Analyst Upgrade

Regency Centers Corporation (NASDAQ:REGGet Free Report) shares reached a new 52-week high during mid-day trading 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. The stock had previously closed at $79.00.

A number of other equities analysts also recently commented on the stock. Citigroup raised their target price on shares of Regency Centers from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. JPMorgan Chase & Co. reiterated 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. Morgan Stanley restated an “overweight” rating and set a $85.00 price objective on shares of Regency Centers in a research note on Monday, January 5th. Argus upgraded Regency Centers to a “strong-buy” rating in a research note on Wednesday, November 5th. Finally, Robert W. Baird set a $84.00 target price on Regency Centers in a report on Tuesday, February 10th. One research 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $79.50.

Check Out Our Latest Report on Regency Centers

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 stock was sold at an average price of $76.30, for a total transaction of $763,000.00. Following the completion of the sale, the chairman directly owned 272,133 shares in the company, valued at $20,763,747.90. This trade represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

Regency Centers News Summary

Here are the key news stories impacting Regency Centers this week:

Institutional Investors Weigh In On Regency Centers

Hedge funds and other institutional investors have recently bought and sold shares of the business. Havemeyer Place LP purchased a new position in shares of Regency Centers during the 4th quarter valued at approximately $26,000. Brown Brothers Harriman & Co. raised its holdings in Regency Centers by 63.1% in the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 157 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in Regency Centers during the 2nd quarter valued at $31,000. Hantz Financial Services Inc. grew its holdings in Regency Centers by 388.9% during the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after acquiring an additional 350 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in Regency Centers during the 3rd quarter worth $33,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Price Performance

The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average price is $72.98 and its two-hundred day moving average price is $71.53. The company has a market cap of $14.58 billion, a P/E ratio of 28.47, a P/E/G ratio of 3.42 and a beta of 0.91.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be given a $0.755 dividend. 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 presently 107.86%.

Regency Centers Company Profile

(Get Free Report)

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.

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