Regency Centers (NASDAQ:REG) Stock Price Up 0.7% – What’s Next?

Regency Centers Co. (NASDAQ:REG) was up 0.7% on Wednesday . The stock traded as high as $73.04 and last traded at $72.68. Approximately 58,811 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 1,002,353 shares. The stock had previously closed at $72.18.

Analyst Ratings Changes

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

Regency Centers Stock Performance

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 stock has a market capitalization of $13.17 billion, a price-to-earnings ratio of 34.27, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23. The stock’s 50-day simple moving average is $73.03 and its 200 day simple moving average is $73.00.

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

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.88%. Regency Centers’s dividend payout ratio (DPR) is 133.02%.

Insiders Place Their Bets

In other Regency Centers 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 approximately $3,975,872. This represents a 27.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total value of $3,674,000.00. Following the completion of the sale, the chairman now directly owns 110,263 shares of the company’s stock, valued at $8,102,125.24. This trade represents a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock valued at $6,977,500 in the last 90 days. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in REG. Heck Capital Advisors LLC acquired a new position in Regency Centers in the fourth quarter valued at approximately $26,000. National Pension Service acquired a new position in shares of Regency Centers in the 4th quarter valued at $27,000. TD Waterhouse Canada Inc. boosted its position in shares of Regency Centers by 48,700.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company’s stock worth $36,000 after purchasing an additional 487 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Regency Centers during the fourth quarter worth $39,000. Finally, Ameriflex Group Inc. bought a new stake in Regency Centers in the fourth quarter valued at about $53,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

About Regency Centers

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.