Regency Centers (NASDAQ:REG) Shares Break Above 200 Day Moving Average – Should You Sell?

Regency Centers Corporation (NASDAQ:REG) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $76.67 and traded as high as $76.97. Regency Centers shares last traded at $76.84, with a volume of 1,635,401 shares.

Wall Street Analyst Weigh In

REG has been the subject of several research analyst reports. Truist Financial began coverage on shares of Regency Centers in a report on Thursday, October 1st. They issued a “buy” rating and a $84.00 price objective for the company. LADENBURG THALM/SH SH boosted their price objective on shares of Regency Centers from $83.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. UBS Group cut their price target on shares of Regency Centers from $85.00 to $77.00 and set a “neutral” rating on the stock in a report on Friday, October 9th. Argus set a $85.00 price objective on Regency Centers in a research report on Monday, August 10th. Finally, Morgan Stanley cut their price objective on Regency Centers from $88.00 to $87.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. 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 currently has an average rating of “Moderate Buy” and an average price target of $83.00.

Regency Centers Trading Up 2.2%

The stock has a market cap of $14.07 billion, a P/E ratio of 26.05, a P/E/G ratio of 4.51 and a beta of 0.80. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average price of $73.68 and a two-hundred day moving average price of $76.67.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Generali Asset Management SPA SGR increased its position in shares of Regency Centers by 1.7% in the third quarter. Generali Asset Management SPA SGR now owns 8,720 shares of the company’s stock valued at $627,000 after buying an additional 143 shares in the last quarter. Tema ETFs LLC lifted its holdings in Regency Centers by 7.1% during the second quarter. Tema ETFs LLC now owns 2,184 shares of the company’s stock valued at $174,000 after purchasing an additional 145 shares in the last quarter. Vise Technologies Inc. increased its stake in shares of Regency Centers by 3.8% during the third quarter. Vise Technologies Inc. now owns 4,183 shares of the company’s stock worth $301,000 after purchasing an additional 152 shares in the last quarter. Somerset Trust Co lifted its stake in Regency Centers by 5.5% in the 2nd quarter. Somerset Trust Co now owns 3,422 shares of the company’s stock valued at $273,000 after buying an additional 177 shares in the last quarter. Finally, North Dakota State Investment Board increased its stake in Regency Centers by 3.9% during the 3rd quarter. North Dakota State Investment Board now owns 5,584 shares of the company’s stock worth $401,000 after buying an additional 212 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Company Profile

Regency Centers Corporation is a real estate investment trust that owns, operates, develops and redevelops grocery-anchored shopping centers in the United States. Its properties are designed to serve everyday consumer needs and typically include supermarkets, restaurants, service providers, retailers and other commercial tenants.

The company focuses primarily on high-quality shopping centers located in established and growing communities, often in affluent or densely populated trade areas.