Regency Centers Co. (NASDAQ:REG) Receives $78.08 Consensus Price Target from Analysts

Shares of Regency Centers Co. (NASDAQ:REG) have been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $78.08.

A number of research analysts recently weighed in on REG shares. Wells Fargo & Company cut their price objective on Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Mizuho lifted their price target on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. BTIG Research lifted their price target on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Evercore ISI dropped their price target on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th.

Insider Activity at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total value of $3,674,000.00. Following the transaction, the chairman now owns 110,263 shares of the company’s stock, valued at approximately $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lisa Palmer sold 25,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total value of $1,831,500.00. Following the completion of the transaction, the chief executive officer now directly owns 139,923 shares in the company, valued at approximately $10,250,758.98. This represents a 15.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock valued at $6,977,500 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Regency Centers

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Glenmede Trust Co. NA lifted its stake in shares of Regency Centers by 4.4% during the third quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock valued at $244,000 after acquiring an additional 141 shares during the period. State of Wyoming lifted its stake in shares of Regency Centers by 11.3% during the fourth quarter. State of Wyoming now owns 1,543 shares of the company’s stock valued at $114,000 after acquiring an additional 157 shares during the period. Coldstream Capital Management Inc. lifted its stake in shares of Regency Centers by 4.3% during the third quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company’s stock valued at $286,000 after acquiring an additional 163 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Regency Centers by 3.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company’s stock valued at $356,000 after acquiring an additional 164 shares during the period. Finally, Greenleaf Trust lifted its stake in shares of Regency Centers by 3.8% during the fourth quarter. Greenleaf Trust now owns 4,735 shares of the company’s stock valued at $350,000 after acquiring an additional 172 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Up 0.9 %

Shares of Regency Centers stock opened at $72.08 on Monday. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of 34.00, a P/E/G ratio of 3.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. Regency Centers has a 52-week low of $56.51 and a 52-week high of $78.18. The stock has a 50-day simple moving average of $72.88 and a 200-day simple moving average of $73.02.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. On average, equities research analysts expect that Regency Centers will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio is presently 133.02%.

About Regency Centers

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.