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

Regency Centers (NASDAQ:REG) had its target price boosted by equities researchers at Truist Financial from $77.00 to $84.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 6.33% from the stock’s current price.

A number of other brokerages have also recently weighed in on REG. Morgan Stanley reaffirmed an “overweight” rating and issued a $85.00 price target on shares of Regency Centers in a research report on Monday, January 5th. KeyCorp restated a “sector weight” rating on shares of Regency Centers in a research report on Thursday, December 4th. Mizuho reissued a “neutral” rating and set a $74.00 price objective (down from $77.00) on shares of Regency Centers in a report on Friday, January 9th. Argus raised shares of Regency Centers to a “strong-buy” rating in a research note on Wednesday, November 5th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $76.00 price objective (down from $81.00) on shares of Regency Centers in a research note on Thursday, December 18th. One 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.29.

Regency Centers Stock Up 0.7%

Shares of Regency Centers stock opened at $79.00 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $14.45 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 3.40 and a beta of 0.91. The stock has a 50-day simple moving average of $72.56 and a 200-day simple moving average of $71.41. Regency Centers has a 52-week low of $63.44 and a 52-week high of $79.08.

Insider Activity at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 10,000 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $76.30, for a total value of $763,000.00. Following the transaction, the chairman owned 272,133 shares of the company’s stock, valued at $20,763,747.90. This represents a 3.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Trading of Regency Centers

A number of hedge funds have recently modified their holdings of the company. Havemeyer Place LP acquired a new stake in Regency Centers during the 4th quarter worth $26,000. Hantz Financial Services Inc. grew its stake in shares of Regency Centers by 388.9% during the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after acquiring an additional 350 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in Regency Centers by 63.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after buying an additional 157 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Regency Centers in the second quarter valued at about $31,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of Regency Centers during the 3rd quarter worth approximately $33,000. 96.07% of the stock is currently 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.