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Barclays Begins Coverage on Regency Centers (NASDAQ:REG)

Regency Centers logo with Finance background

Investment analysts at Barclays assumed coverage on shares of Regency Centers (NASDAQ:REG - Get Free Report) in a research report issued on Wednesday, MarketBeat.com reports. The firm set an "equal weight" rating and a $77.00 price target on the stock. Barclays's target price would suggest a potential upside of 8.76% from the stock's previous close.

Other equities research analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Regency Centers from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Scotiabank decreased their price objective on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Wells Fargo & Company lowered their target price on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Finally, Truist Financial increased their price objective on shares of Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

Read Our Latest Research Report on Regency Centers

Regency Centers Stock Down 0.0%

Shares of NASDAQ REG traded down $0.01 during midday trading on Wednesday, hitting $70.80. The stock had a trading volume of 684,262 shares, compared to its average volume of 1,062,581. The business's 50 day moving average is $71.71 and its 200-day moving average is $72.10. Regency Centers has a 52 week low of $61.34 and a 52 week high of $78.18. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.70. The company has a market cap of $12.85 billion, a P/E ratio of 33.39, a PEG ratio of 3.45 and a beta of 1.00.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.01. Regency Centers had a return on equity of 5.98% and a net margin of 27.21%. The business had revenue of $370.35 million for the quarter, compared to analysts' expectations of $364.64 million. During the same period in the prior year, the firm posted $1.08 EPS. As a group, analysts predict that Regency Centers will post 4.54 EPS for the current year.

Insiders Place Their Bets

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total value of $301,205.52. Following the completion of the sale, the insider owned 33,069 shares in the company, valued at approximately $2,395,518.36. This trade represents a 11.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by company insiders.

Institutional Trading of Regency Centers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Inspire Investing LLC increased its stake in Regency Centers by 21.8% in the first quarter. Inspire Investing LLC now owns 4,298 shares of the company's stock worth $317,000 after purchasing an additional 768 shares during the period. Invst LLC bought a new position in shares of Regency Centers in the first quarter worth about $749,000. Strs Ohio purchased a new position in Regency Centers in the 1st quarter worth about $5,503,000. Intrua Financial LLC purchased a new position in Regency Centers in the 1st quarter worth about $460,000. Finally, Intech Investment Management LLC lifted its holdings in Regency Centers by 47.6% during the 1st quarter. Intech Investment Management LLC now owns 20,011 shares of the company's stock valued at $1,476,000 after buying an additional 6,451 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

About Regency Centers

(Get Free Report)

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.

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