Regency Centers (NASDAQ:REG) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Regency Centers from “hold” to “sell.”
• Analyst opinions remain mixed: MarketBeat reports a “Moderate Buy” consensus from 17 analysts, with an average price target of $83.26; ratings include one Strong Buy, eight Buys, and eight Holds.
• Regency shares opened at $76.11 and were up 0.5%; institutional investors hold approximately 96.07% of the company’s stock.

Regency Centers (NASDAQ:REG - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday, Wall Street Zen reports.

A number of other research firms have also recently issued reports on REG. Scotiabank cut their target price on Regency Centers from $82.00 to $81.00 and set a "sector perform" rating on the stock in a research note on Thursday, September 17th. Truist Financial initiated coverage on shares of Regency Centers in a research report on Thursday, October 1st. They set a "buy" rating and a $84.00 price target for the company. Morgan Stanley dropped their price objective on shares of Regency Centers from $88.00 to $87.00 and set an "overweight" rating on the stock in a report on Monday, October 5th. The Goldman Sachs Group set a $83.00 price objective on shares of Regency Centers in a research report on Thursday, September 24th. Finally, Ladenburg Thalmann & Co. Inc. lifted their price objective on shares of Regency Centers from $83.00 to $85.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $83.26.

Regency Centers Trading Up 0.5%

NASDAQ:REG opened at $76.11 on Friday. The firm has a market capitalization of $13.94 billion, a P/E ratio of 27.28, a P/E/G ratio of 4.54 and a beta of 0.80. The business has a 50 day simple moving average of $73.72 and a 200 day simple moving average of $76.84. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.16 and a quick ratio of 1.25. Regency Centers has a 12-month low of $66.86 and a 12-month high of $83.66.

Hedge Funds Weigh In On Regency Centers

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Regency Centers during the 2nd quarter valued at about $1,597,868,000. Dimensional Fund Advisors LP lifted its stake in shares of Regency Centers by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,667,906 shares of the company's stock worth $201,849,000 after acquiring an additional 67,213 shares during the period. Deutsche Bank AG acquired a new stake in shares of Regency Centers in the 2nd quarter worth approximately $170,282,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Regency Centers by 18,982.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,953,088 shares of the company's stock worth $155,739,000 after acquiring an additional 1,942,853 shares during the period. Finally, Legal & General Group Plc acquired a new stake in shares of Regency Centers in the 2nd quarter worth approximately $109,394,000. Institutional investors own 96.07% of the company's stock.

Regency Centers Company Profile

Regency Centers Corporation is a real estate investment trust that owns, operates, develops and redevelops shopping centers, with a focus on centers anchored by grocery stores. Its properties typically combine grocery retailers with restaurants, service businesses and other retail tenants. Founded in 1963, the company serves communities across the United States, concentrating on suburban locations with strong surrounding neighborhoods. Regency also works with tenants and property partners to maintain and enhance its centers.

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