Regency Centers (NASDAQ:REG) Stock Price Up 0.6% – What’s Next?

Regency Centers Co. (NASDAQ:REG) was up 0.6% on Tuesday . The stock traded as high as $68.94 and last traded at $67.94. Approximately 343,214 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 1,064,408 shares. The stock had previously closed at $67.54.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Mizuho boosted their target price on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research 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 on the stock in a research report on Wednesday, March 26th. Finally, Evercore ISI decreased their price target 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. Three investment 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. Based on data from MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Regency Centers Trading Down 1.4 %

The business’s 50 day moving average is $73.12 and its two-hundred day moving average is $72.87. The firm has a market capitalization of $12.09 billion, a P/E ratio of 31.49, a PEG ratio of 3.75 and a beta of 1.03. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66.

Regency Centers (NASDAQ:REG) last released its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share 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%. Analysts expect that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend was Wednesday, March 12th. Regency Centers’s payout ratio is 133.02%.

Insider Transactions at Regency Centers

In related news, CEO Lisa Palmer sold 25,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $10,250,758.98. This trade represents a 15.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company’s 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 directly owns 110,263 shares in the company, valued at $8,102,125.24. This represents a 31.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,000 shares of company stock valued at $6,977,500 in the last quarter. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Regency Centers

A number of institutional investors have recently bought and sold shares of the stock. Verition Fund Management LLC raised its holdings in shares of Regency Centers by 138.1% during the third quarter. Verition Fund Management LLC now owns 13,694 shares of the company’s stock valued at $989,000 after acquiring an additional 7,942 shares during the period. HighTower Advisors LLC boosted its position in Regency Centers by 47.3% during the 3rd quarter. HighTower Advisors LLC now owns 29,342 shares of the company’s stock worth $2,121,000 after acquiring an additional 9,424 shares during the period. Royal London Asset Management Ltd. grew its stake in Regency Centers by 9.3% during the 3rd quarter. Royal London Asset Management Ltd. now owns 105,433 shares of the company’s stock valued at $7,615,000 after acquiring an additional 8,959 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Regency Centers by 25.0% during the third quarter. Quantinno Capital Management LP now owns 16,760 shares of the company’s stock worth $1,211,000 after purchasing an additional 3,352 shares during the period. Finally, National Bank of Canada FI grew its position in Regency Centers by 701.7% during the third quarter. National Bank of Canada FI now owns 361,597 shares of the company’s stock valued at $26,118,000 after purchasing an additional 316,496 shares in the last quarter. Hedge funds and other institutional investors 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.