Regency Centers (NASDAQ:REG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Regency Centers (NASDAQ:REG) had its price objective lifted by equities research analysts at Wells Fargo & Company from $82.00 to $85.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 13.53% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Truist Financial lifted 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, March 2nd. Weiss Ratings raised Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. KeyCorp restated a “sector weight” rating on shares of Regency Centers in a research note on Thursday, December 4th. Citigroup boosted their price target on Regency Centers from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Finally, Robert W. Baird set a $84.00 price objective on Regency Centers in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.71.

Regency Centers Trading Down 2.4%

Shares of NASDAQ:REG opened at $74.87 on Thursday. The company’s 50-day moving average price is $75.08 and its two-hundred day moving average price is $72.04. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.05 and a quick ratio of 1.05. Regency Centers has a one year low of $63.44 and a one year high of $79.89. The stock has a market capitalization of $13.69 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 3.30 and a beta of 0.91.

Insiders Place Their Bets

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 129,490 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $78.33, for a total transaction of $10,142,951.70. Following the transaction, the chairman owned 195,892 shares of the company’s stock, valued at $15,344,220.36. The trade was a 39.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 177,490 shares of company stock worth $13,839,932 over the last 90 days. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in REG. Havemeyer Place LP bought a new stake in Regency Centers in the 4th quarter valued at $26,000. Hantz Financial Services Inc. lifted 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 valued at $30,000 after purchasing an additional 350 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position 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 acquired a new position in shares of Regency Centers in the second quarter valued at $31,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of Regency Centers in the third quarter valued at $33,000. 96.07% of the stock is currently owned by institutional investors.

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.