Barclays Forecasts Strong Price Appreciation for Regency Centers (NASDAQ:REG) Stock

Regency Centers (NASDAQ:REG) had its price target boosted by stock analysts at Barclays from $82.00 to $85.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 8.14% from the company’s current price.

Several other equities analysts also recently weighed in on REG. Weiss Ratings raised Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. UBS Group set a $76.00 target price on Regency Centers in a report on Wednesday, January 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 price target on shares of Regency Centers in a research note on Monday, January 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $76.00 price objective (down from $81.00) on shares of Regency Centers in a research report on Thursday, December 18th. Finally, Scotiabank dropped their target price on shares of Regency Centers from $78.00 to $76.00 and set a “sector perform” rating for the company in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.50.

Regency Centers Trading Down 0.5%

Shares of Regency Centers stock opened at $78.60 on Monday. The company has a 50-day moving average of $72.56 and a two-hundred day moving average of $71.41. Regency Centers has a 12-month low of $63.44 and a 12-month high of $79.08. 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 stock has a market cap of $14.38 billion, a PE ratio of 28.10, a price-to-earnings-growth ratio of 3.40 and a beta of 0.91.

Insiders Place Their Bets

In related news, Chairman Martin E. Stein, Jr. sold 10,000 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $76.30, for a total value of $763,000.00. Following the completion of the transaction, the chairman owned 272,133 shares of the company’s stock, valued at approximately $20,763,747.90. The trade was a 3.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Regency Centers

A number of hedge funds and other institutional investors have recently modified their holdings of REG. Wolverine Asset Management LLC purchased a new position in shares of Regency Centers during the third quarter valued at approximately $1,083,000. Inspire Investing LLC grew its stake in Regency Centers by 441.4% in the 3rd quarter. Inspire Investing LLC now owns 21,736 shares of the company’s stock worth $1,585,000 after acquiring an additional 17,721 shares during the period. Pacific Heights Asset Management LLC raised its holdings in Regency Centers by 50.0% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company’s stock valued at $16,402,000 after acquiring an additional 75,000 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Regency Centers by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock worth $339,669,000 after purchasing an additional 65,719 shares during the period. Finally, Rakuten Investment Management Inc. purchased a new position in shares of Regency Centers during the 3rd quarter worth $1,031,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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.