Regency Centers (NASDAQ:REG) Stock Price Down 1.3% – Time to Sell?

Shares of Regency Centers Co. (NASDAQ:REG) fell 1.3% during trading on Friday . The company traded as low as $70.05 and last traded at $71.12. 646,977 shares changed hands during trading, a decline of 39% from the average session volume of 1,054,101 shares. The stock had previously closed at $72.09.

Analyst Ratings Changes

REG has been the subject of several recent analyst reports. Evercore ISI decreased 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. Mizuho raised 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, Wells Fargo & Company cut their target price on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating, eight have given 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 a consensus price target of $78.00.

Regency Centers Stock Down 4.6 %

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 business has a 50 day simple moving average of $73.29 and a 200 day simple moving average of $72.95. The stock has a market cap of $12.49 billion, a PE ratio of 32.45, a P/E/G ratio of 3.75 and a beta of 1.03.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, beating 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%. On average, equities research analysts forecast that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.705 per share. The ex-dividend date was Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.10%. Regency Centers’s dividend payout ratio is currently 133.02%.

Insider Activity at Regency Centers

In related news, CEO Lisa Palmer sold 25,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the completion of the sale, the chief executive officer now directly owns 139,923 shares of the company’s stock, valued at approximately $10,250,758.98. This represents a 15.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers 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 completion of the transaction, the chairman now owns 110,263 shares in the company, valued at $8,102,125.24. This trade represents a 31.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,000 shares of company stock valued at $6,977,500. Insiders own 1.00% of the company’s stock.

Institutional Trading of Regency Centers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC bought a new stake in shares of Regency Centers in the fourth quarter valued at approximately $26,000. National Pension Service bought a new stake in Regency Centers in the 4th quarter valued at $27,000. TD Waterhouse Canada Inc. grew its position in 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 bought a new position in shares of Regency Centers during the 4th quarter worth about $39,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Regency Centers during the fourth quarter valued at about $54,000. 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.