Regency Centers (NASDAQ:REG) Reaches New 1-Year High – Here’s What Happened

Regency Centers Corporation (NASDAQ:REG)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $78.21 and last traded at $77.6030, with a volume of 249831 shares. The stock had previously closed at $76.85.

Wall Street Analysts Forecast Growth

REG has been the subject of a number of research analyst reports. Argus upgraded Regency Centers to a “strong-buy” rating in a report on Wednesday, November 5th. KeyCorp reissued a “sector weight” rating on shares of Regency Centers in a research note on Thursday, December 4th. Truist Financial lowered their target price on Regency Centers from $81.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, November 18th. Jefferies Financial Group set a $79.00 target price on Regency Centers in a report on Monday, December 15th. Finally, Citigroup raised their price target on shares of Regency Centers from $75.00 to $76.00 and gave the stock a “neutral” rating in a report 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 given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.79.

Regency Centers Stock Up 1.2%

The firm has a market capitalization of $14.23 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 3.31 and a beta of 0.94. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.05. The business’s 50 day moving average is $71.55 and its 200-day moving average is $71.20.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a $0.755 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.9%. Regency Centers’s payout ratio is presently 107.86%.

Institutional Trading of Regency Centers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Havemeyer Place LP acquired a new position in shares of Regency Centers in the 4th quarter worth approximately $26,000. Hantz Financial Services Inc. grew its position in Regency Centers by 388.9% in the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $30,000 after acquiring an additional 350 shares during the period. Brown Brothers Harriman & Co. raised its stake 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 acquiring an additional 157 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Regency Centers during the second quarter valued at $31,000. Finally, Steigerwald Gordon & Koch Inc. bought a new position in shares of Regency Centers during the third quarter valued at $33,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.