Barclays Initiates Coverage on Regency Centers (NASDAQ:REG)

Stock analysts at Barclays began coverage on shares of Regency Centers (NASDAQ:REG - Get Free Report) in a report released on Wednesday, MarketBeat reports. The brokerage set an "equal weight" rating and a $77.00 price target on the stock. Barclays's target price suggests a potential upside of 8.76% from the company's current price.

A number of other equities research analysts have also issued reports on REG. Wall Street Zen upgraded shares of Regency Centers from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Scotiabank dropped their target price on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a research report on Monday, May 12th. Wells Fargo & Company lowered their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Finally, Truist Financial lifted their price objective on shares of Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $78.00.

Regency Centers Price Performance

Shares of REG stock traded down $0.31 during mid-day trading on Wednesday, hitting $70.80. The company had a trading volume of 1,460,571 shares, compared to its average volume of 1,060,707. The stock's 50 day moving average price is $71.76 and its 200-day moving average price is $72.18. Regency Centers has a 52-week low of $61.34 and a 52-week high of $78.18. The company has a market capitalization of $12.85 billion, a P/E ratio of 33.40, a P/E/G ratio of 3.47 and a beta of 1.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01.

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

Insider Activity

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

Hedge Funds Weigh In On Regency Centers

Several large investors have recently modified their holdings of REG. Wayfinding Financial LLC acquired a new position in Regency Centers in the first quarter valued at approximately $25,000. Heck Capital Advisors LLC bought a new stake in shares of Regency Centers in the 4th quarter worth $26,000. TD Waterhouse Canada Inc. lifted its holdings in Regency Centers by 48,700.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after acquiring an additional 487 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Regency Centers by 42.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock valued at $37,000 after acquiring an additional 150 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of Regency Centers during the 4th quarter worth $39,000. Institutional investors own 96.07% of the company's stock.

About Regency Centers

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.