Regency Centers (NASDAQ:REG) Shares Down 3.4% – Here’s Why

Regency Centers Co. (NASDAQ:REG)’s stock price fell 3.4% on Thursday . The stock traded as low as $71.00 and last traded at $72.21. 323,148 shares were traded during trading, a decline of 69% from the average session volume of 1,050,579 shares. The stock had previously closed at $74.74.

Analyst Upgrades and Downgrades

REG has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price target on Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Evercore ISI cut their price objective on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Finally, Mizuho lifted their target price on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Three investment 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 an average rating of “Moderate Buy” and an average target price of $78.00.

Regency Centers Price Performance

The company has a market cap of $13.09 billion, a price-to-earnings ratio of 34.00, a P/E/G ratio of 3.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The company’s 50 day moving average price is $73.27 and its 200 day moving average price is $72.95.

Regency Centers (NASDAQ:REG) last posted its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 predict that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a dividend of $0.705 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.91%. Regency Centers’s dividend payout ratio (DPR) is 133.02%.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company’s stock in a transaction 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 transaction, the chairman now owns 110,263 shares of the company’s stock, valued at $8,102,125.24. This represents a 31.20 % 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, CEO Lisa Palmer sold 25,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total value of $1,831,500.00. Following the sale, the chief executive officer now directly owns 139,923 shares of the company’s stock, valued at $10,250,758.98. This represents a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,000 shares of company stock worth $6,977,500. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Heck Capital Advisors LLC bought a new position in Regency Centers during the fourth quarter worth about $26,000. National Pension Service acquired a new position in shares of Regency Centers during the 4th quarter worth about $27,000. TD Waterhouse Canada Inc. boosted its holdings 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 valued at $36,000 after buying an additional 487 shares during the last quarter. Canada Post Corp Registered Pension Plan bought a new stake in Regency Centers during the fourth quarter worth $39,000. Finally, Ameriflex Group Inc. bought a new position in Regency Centers during the fourth quarter worth about $53,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.