Regency Centers Corporation (NASDAQ:REG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Regency Centers Corporation (NASDAQ:REG) has been assigned a consensus rating of “Moderate Buy” from the twenty brokerages that are currently covering the company, MarketBeat.com reports. Eleven research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $82.6250.

A number of analysts have weighed in on the stock. BTIG Research reissued a “buy” rating and set a $85.00 target price on shares of Regency Centers in a report on Friday, June 12th. Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price objective on the stock. in a research note on Friday, May 29th. Barclays lifted their target price on Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Raymond James Financial reaffirmed an “outperform” rating and issued a $88.00 target price on shares of Regency Centers in a research report on Monday, June 29th. Finally, Wells Fargo & Company increased their price objective on Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th.

Regency Centers Stock Performance

NASDAQ REG opened at $80.96 on Friday. The company has a market capitalization of $14.82 billion, a price-to-earnings ratio of 27.92, a price-to-earnings-growth ratio of 3.43 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. Regency Centers has a 12 month low of $66.86 and a 12 month high of $81.93. The company’s fifty day moving average price is $78.59 and its two-hundred day moving average price is $75.83.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were given a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, June 12th. Regency Centers’s dividend payout ratio (DPR) is 104.14%.

Insider Activity at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $626,708.62. Following the completion of the transaction, the insider owned 33,069 shares in the company, valued at $2,614,435.14. This trade represents a 19.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 283,782 shares of company stock valued at $22,255,898. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Regency Centers

A number of institutional investors have recently added to or reduced their stakes in REG. Azzad Asset Management Inc. ADV increased its holdings in Regency Centers by 68.6% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 53,562 shares of the company’s stock valued at $3,697,000 after buying an additional 21,799 shares during the period. Pensionfund Sabic acquired a new position in shares of Regency Centers in the 4th quarter worth approximately $1,339,000. M&T Bank Corp grew its holdings in shares of Regency Centers by 168.6% during the fourth quarter. M&T Bank Corp now owns 25,931 shares of the company’s stock worth $1,791,000 after purchasing an additional 16,277 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Regency Centers by 3.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 311,562 shares of the company’s stock valued at $21,507,000 after acquiring an additional 10,745 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Regency Centers by 2.8% in the fourth quarter. Legal & General Group Plc now owns 1,705,024 shares of the company’s stock valued at $117,698,000 after purchasing an additional 46,438 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Company Profile

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.