Regency Centers (NASDAQ:REG) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Regency Centers (NASDAQ:REG) had its price target boosted by Morgan Stanley from $85.00 to $88.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 9.37% from the stock’s current price.

Several other brokerages have also weighed in on REG. Truist Financial increased their target price on Regency Centers from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Barclays increased their target price on Regency Centers from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Royal Bank Of Canada raised Regency Centers to a “sector perform” rating in a research report on Friday, January 9th. Robert W. Baird set a $84.00 target price on Regency Centers in a research report on Tuesday, February 10th. Finally, Wells Fargo & Company increased their target price on Regency Centers from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.36.

Regency Centers Stock Performance

Shares of REG stock traded down $0.66 on Tuesday, hitting $80.46. 296,349 shares of the stock traded hands, compared to its average volume of 1,346,883. Regency Centers has a 1-year low of $66.86 and a 1-year high of $81.66. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.05 and a quick ratio of 1.05. The company’s fifty day moving average is $77.30 and its 200 day moving average is $72.85. The company has a market capitalization of $14.73 billion, a PE ratio of 28.73, a PEG ratio of 3.48 and a beta of 0.90.

Insider Activity at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 38,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chairman directly owned 157,892 shares of the company’s stock, valued at $12,190,841.32. This represents a 19.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 177,490 shares of company stock worth $13,839,932 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Regency Centers

A number of institutional investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC bought a new stake in shares of Regency Centers in the third quarter valued at about $1,083,000. Centersquare Investment Management LLC lifted its holdings in shares of Regency Centers by 5.7% in the third quarter. Centersquare Investment Management LLC now owns 351,963 shares of the company’s stock valued at $25,658,000 after purchasing an additional 18,997 shares in the last quarter. Inspire Investing LLC raised its holdings in Regency Centers by 441.4% during the third quarter. Inspire Investing LLC now owns 21,736 shares of the company’s stock worth $1,585,000 after acquiring an additional 17,721 shares in the last quarter. Azzad Asset Management Inc. ADV raised its holdings in Regency Centers by 68.6% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 53,562 shares of the company’s stock worth $3,697,000 after acquiring an additional 21,799 shares in the last quarter. Finally, Pacific Heights Asset Management LLC raised its holdings in Regency Centers by 50.0% during the third quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company’s stock worth $16,402,000 after acquiring an additional 75,000 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Company Profile

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.