Regency Centers Corporation (NASDAQ:REG) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Regency Centers Corporation (NASDAQ:REG - Get Free Report) have earned an average rating of "Moderate Buy" from the thirteen brokerages that are currently covering the company, Marketbeat reports. Four investment 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 company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $77.54.

Several equities research analysts recently commented on REG shares. Mizuho dropped their price objective on shares of Regency Centers from $79.00 to $74.00 and set an "outperform" rating on the stock in a research note on Thursday. Barclays started coverage on shares of Regency Centers in a research note on Wednesday, July 2nd. They set an "equal weight" rating and a $77.00 price objective on the stock. Truist Financial boosted their price objective on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Scotiabank dropped their price objective on shares of 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. Finally, Wells Fargo & Company dropped 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.

Insider Activity at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total transaction of $301,205.52. Following the transaction, the insider directly owned 33,069 shares in the company, valued at approximately $2,395,518.36. This represents a 11.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of REG. Norges Bank acquired a new position in shares of Regency Centers during the 4th quarter worth about $1,262,425,000. Invesco Ltd. raised its position in shares of Regency Centers by 121.2% during the 4th quarter. Invesco Ltd. now owns 5,374,450 shares of the company's stock worth $397,333,000 after purchasing an additional 2,944,854 shares during the last quarter. Nuveen LLC acquired a new position in shares of Regency Centers during the 1st quarter worth about $182,926,000. Wellington Management Group LLP raised its position in shares of Regency Centers by 2,846.0% during the 1st quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company's stock worth $92,659,000 after purchasing an additional 1,213,586 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Regency Centers by 64.1% during the 4th quarter. Northern Trust Corp now owns 2,781,614 shares of the company's stock worth $205,645,000 after purchasing an additional 1,086,797 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Price Performance

Shares of NASDAQ REG traded down $0.03 during mid-day trading on Friday, reaching $69.87. 979,563 shares of the company were exchanged, compared to its average volume of 1,069,242. Regency Centers has a 52 week low of $63.44 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 stock has a market capitalization of $12.68 billion, a PE ratio of 32.96, a PEG ratio of 3.40 and a beta of 1.00. The company's 50 day moving average price is $71.17 and its 200 day moving average price is $71.79.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly 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 the consensus estimate of $364.64 million. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. During the same period in the previous year, the firm posted $1.08 earnings per share. Sell-side analysts forecast that Regency Centers will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th were paid a dividend of $0.705 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $2.82 annualized dividend and a yield of 4.04%. Regency Centers's payout ratio is 133.02%.

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.