Regency Centers (NASDAQ:REG) Trading 0.3% Higher – Here’s What Happened

Shares of Regency Centers Co. (NASDAQ:REG) were up 0.3% during trading on Tuesday . The stock traded as high as $72.77 and last traded at $72.63. Approximately 153,611 shares changed hands during trading, a decline of 85% from the average daily volume of 1,005,038 shares. The stock had previously closed at $72.44.

Analysts Set New Price Targets

REG has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday. Evercore ISI dropped their price target on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. Mizuho boosted their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Finally, BTIG Research raised their target price on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Regency Centers Stock Up 0.1 %

The stock has a market capitalization of $13.23 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23. The firm has a 50 day moving average of $73.07 and a 200-day moving average of $72.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95.

Regency Centers (NASDAQ:REG) last issued its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. On average, equities research analysts expect that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is currently 133.02%.

Insider Buying and Selling

In other news, CFO Michael J. Mas sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the transaction, the chief financial officer now owns 54,020 shares of the company’s stock, valued at $3,975,872. This represents a 27.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the sale, the chairman now owns 110,263 shares of the company’s stock, valued at approximately $8,102,125.24. This represents a 31.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock worth $6,977,500 in the last three months. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Quest Partners LLC boosted its position in shares of Regency Centers by 84.8% during the third quarter. Quest Partners LLC now owns 937 shares of the company’s stock worth $68,000 after purchasing an additional 430 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Regency Centers by 21.3% during the third quarter. PNC Financial Services Group Inc. now owns 18,121 shares of the company’s stock worth $1,309,000 after purchasing an additional 3,188 shares during the period. Cerity Partners LLC grew its position in shares of Regency Centers by 46.2% in the 3rd quarter. Cerity Partners LLC now owns 9,722 shares of the company’s stock valued at $702,000 after purchasing an additional 3,074 shares during the period. Swedbank AB increased its stake in Regency Centers by 7.3% during the 3rd quarter. Swedbank AB now owns 191,283 shares of the company’s stock worth $13,816,000 after purchasing an additional 13,043 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Regency Centers during the 3rd quarter worth approximately $96,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Company Profile

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.