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

Regency Centers Co. (NASDAQ:REG) was up 0.7% on Tuesday . The company traded as high as $72.10 and last traded at $71.96. Approximately 140,980 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 999,415 shares. The stock had previously closed at $71.43.

Wall Street Analysts Forecast Growth

REG has been the topic of several recent research reports. Mizuho lifted their price target 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 dropped 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. Wells Fargo & Company reduced their price target on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Finally, BTIG Research lifted their price objective 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 investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Regency Centers currently has an average rating of “Moderate Buy” and an average price target of $78.08.

Regency Centers Stock Down 0.3 %

The company has a market cap of $12.91 billion, a price-to-earnings ratio of 33.62, 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 current ratio of 0.85 and a quick ratio of 0.95. The firm has a 50-day moving average price of $72.82 and a 200 day moving average price of $73.03.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.09 EPS for the quarter, beating 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%. Sell-side analysts predict that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a $0.705 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.96%. Regency Centers’s dividend payout ratio is presently 133.02%.

Insider Transactions at Regency Centers

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the firm’s stock in a transaction on 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 owns 139,923 shares of the company’s stock, valued at approximately $10,250,758.98. This trade represents a 15.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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 transaction, the chairman now owns 110,263 shares in the company, valued at approximately $8,102,125.24. The trade was a 31.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Regency Centers

Several large investors have recently bought and sold shares of REG. Wealth Enhancement Advisory Services LLC grew its stake in shares of Regency Centers by 9.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,906 shares of the company’s stock worth $511,000 after buying an additional 619 shares during the last quarter. Comprehensive Money Management Services LLC bought a new stake in Regency Centers during the 4th quarter worth $345,000. Siemens Fonds Invest GmbH acquired a new position in Regency Centers in the 4th quarter worth about $170,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Regency Centers in the fourth quarter valued at about $20,908,000. Finally, Employees Retirement System of Texas boosted its stake in shares of Regency Centers by 35.0% during the fourth quarter. Employees Retirement System of Texas now owns 162,060 shares of the company’s stock valued at $11,981,000 after purchasing an additional 42,000 shares in the last quarter. 96.07% of the stock is 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.