Regency Centers (NASDAQ:REG) Shares Up 0.3% – Here’s What Happened

Regency Centers Co. (NASDAQ:REG)’s share price rose 0.3% on Tuesday . The company traded as high as $72.77 and last traded at $72.63. Approximately 153,611 shares traded 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

A number of brokerages have recently issued reports on REG. Wells Fargo & Company cut their price target on Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Mizuho lifted their target price on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Evercore ISI reduced their target price on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Finally, BTIG Research raised their price target on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.08.

Regency Centers Stock Down 0.1 %

The firm has a market capitalization of $13.13 billion, a price-to-earnings ratio of 34.17, a P/E/G ratio of 3.75 and a beta of 1.23. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average price is $73.00 and its 200 day moving average price is $73.00.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. As a group, research analysts forecast that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a $0.705 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a yield of 3.90%. Regency Centers’s dividend payout ratio is currently 133.02%.

Insiders Place Their Bets

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction dated 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 completion of the transaction, the chairman now owns 110,263 shares in the company, valued at approximately $8,102,125.24. This trade represents a 31.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Michael J. Mas sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the sale, the chief financial officer now owns 54,020 shares in the company, valued at $3,975,872. The trade was a 27.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Regency Centers

Several institutional investors have recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in Regency Centers during the fourth quarter valued at $26,000. National Pension Service purchased a new stake in shares of Regency Centers during the 4th quarter worth about $27,000. TD Waterhouse Canada Inc. boosted its stake in shares of Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company’s stock worth $36,000 after acquiring an additional 487 shares in the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Regency Centers during the 4th quarter valued at about $39,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Regency Centers in the 4th quarter valued at about $54,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

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.