Regency Centers (NASDAQ:REG – Get Free Report) was downgraded by research analysts at Barclays from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.
A number of other research firms also recently weighed in on REG. Citigroup increased their target price on shares of Regency Centers from $76.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft upgraded Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Tuesday, January 20th. UBS Group set a $76.00 price target on Regency Centers in a research report on Wednesday, January 14th. Finally, Evercore set a $80.00 price target on Regency Centers in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $81.36.
Check Out Our Latest Stock Analysis on Regency Centers
Regency Centers Price Performance
Insider Buying and Selling at Regency Centers
In other news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $78.40, for a total transaction of $21,529,816.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total value of $626,708.62. Following the completion of the sale, the insider owned 33,069 shares of the company’s stock, valued at $2,614,435.14. The trade was a 19.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 460,032 shares of company stock valued at $35,996,456 in the last three months. 1.00% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Regency Centers
A number of hedge funds have recently modified their holdings of REG. Havemeyer Place LP purchased a new position in Regency Centers during the 4th quarter valued at about $26,000. Hantz Financial Services Inc. boosted its holdings in Regency Centers by 388.9% in the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $30,000 after acquiring an additional 350 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in Regency Centers by 63.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 157 shares during the period. CYBER HORNET ETFs LLC bought a new position in shares of Regency Centers in the 2nd quarter worth approximately $31,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Regency Centers in the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.
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.
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