Regency Centers (NASDAQ:REG) Trading Up 0.7% – Here’s Why

Regency Centers Co. (NASDAQ:REG)’s stock price shot up 0.7% on Tuesday . The stock traded as high as $72.10 and last traded at $71.96. 140,980 shares were traded during trading, a decline of 86% from the average session volume of 999,415 shares. The stock had previously closed at $71.43.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on REG shares. Wells Fargo & Company lowered their price objective on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. BTIG Research upped their price target on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Mizuho increased their price objective on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Finally, 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 report on Tuesday, December 24th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.

Regency Centers Stock Down 0.3 %

The business has a fifty day moving average price of $72.82 and a two-hundred day moving average price of $73.03. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. 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.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate 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 analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

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

Insider Activity at Regency Centers

In related news, CFO Michael J. Mas sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total value of $1,472,000.00. Following the sale, the chief financial officer now owns 54,020 shares of the company’s stock, valued at $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 shares were sold at an average price of $73.48, for a total value of $3,674,000.00. Following the transaction, the chairman now directly owns 110,263 shares of the company’s stock, valued at approximately $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,000 shares of company stock worth $6,977,500. 1.00% of the stock is owned by insiders.

Institutional Trading of Regency Centers

Large investors have recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new position in shares of Regency Centers during the fourth quarter valued at $26,000. National Pension Service bought a new position in shares of Regency Centers in the 4th quarter worth $27,000. TD Waterhouse Canada Inc. boosted its stake in Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company’s stock worth $36,000 after acquiring an additional 487 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new position in Regency Centers in the fourth quarter valued at about $39,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Regency Centers in the fourth quarter worth about $54,000. 96.07% of the stock is owned by institutional investors.

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.