Regency Centers (NASDAQ:REG) Price Target Raised to $82.00

Regency Centers (NASDAQ:REG) had its price objective boosted by stock analysts at Scotiabank from $76.00 to $82.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective points to a potential upside of 9.12% from the stock’s previous close.

A number of other research firms also recently weighed in on REG. UBS Group set a $76.00 price target on shares of Regency Centers in a research report on Wednesday, January 14th. Wells Fargo & Company upped their price target on shares of Regency Centers from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Mizuho reiterated a “neutral” rating and set a $74.00 price objective (down from $77.00) on shares of Regency Centers in a research note on Friday, January 9th. Barclays boosted their target price on shares of Regency Centers from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $76.00 price target (down from $81.00) on shares of Regency Centers in a research report on Thursday, December 18th. One research 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. Based on data from MarketBeat.com, Regency Centers presently has an average rating of “Moderate Buy” and an average price target of $80.14.

Regency Centers Stock Up 0.7%

NASDAQ:REG traded up $0.50 on Tuesday, reaching $75.15. The stock had a trading volume of 151,207 shares, compared to its average volume of 1,363,962. The company has a 50-day moving average of $75.17 and a 200 day moving average of $72.05. 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 $13.75 billion, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 3.22 and a beta of 0.91. Regency Centers has a 12-month low of $63.44 and a 12-month high of $79.89.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 38,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $77.21, for a total value of $2,933,980.00. Following the transaction, the chairman directly owned 157,892 shares in the company, valued at approximately $12,190,841.32. This trade represents a 19.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 177,490 shares of company stock worth $13,839,932 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Regency Centers

Institutional investors have recently modified their holdings of the business. Havemeyer Place LP acquired a new position in Regency Centers in the fourth quarter valued at approximately $26,000. Hantz Financial Services Inc. lifted its holdings in shares of Regency Centers by 388.9% in the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after purchasing an additional 350 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in Regency Centers by 63.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 157 shares during the period. CYBER HORNET ETFs LLC bought a new position in Regency Centers during the 2nd quarter worth $31,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in Regency Centers in the third quarter worth $33,000. Institutional investors 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.