Regency Centers (NASDAQ:REG) Stock Price Down 0.3% – Time to Sell?

Regency Centers Co. (NASDAQ:REG)’s share price dropped 0.3% during mid-day trading on Tuesday . The stock traded as low as $73.79 and last traded at $73.71. Approximately 170,792 shares changed hands during trading, a decline of 83% from the average daily volume of 1,007,408 shares. The stock had previously closed at $73.94.

Analyst Ratings Changes

REG has been the subject of several research reports. 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 report on Wednesday, January 29th. Mizuho raised their price objective on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. BTIG Research raised their price objective on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Evercore ISI cut their price objective on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.08.

Regency Centers Trading Down 2.2 %

The company has a market capitalization of $12.77 billion, a P/E ratio of 33.20, 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 has a 50-day simple moving average of $72.88 and a 200 day simple moving average of $73.03.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data 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 return on equity of 5.91% and a net margin of 27.54%. Sell-side analysts expect that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio is presently 133.02%.

Insider Activity at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total value of $3,674,000.00. Following the sale, the chairman now owns 110,263 shares of the company’s stock, valued at $8,102,125.24. The trade was a 31.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lisa Palmer sold 25,000 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 139,923 shares in the company, valued at approximately $10,250,758.98. This represents a 15.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock valued at $6,977,500 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Regency Centers

Institutional investors and hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC boosted its stake in Regency Centers by 104.1% in the fourth quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company’s stock worth $1,442,000 after purchasing an additional 10,221 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Regency Centers by 196.1% during the fourth quarter. Pacer Advisors Inc. now owns 36,245 shares of the company’s stock valued at $2,680,000 after acquiring an additional 24,003 shares during the period. Trustmark National Bank Trust Department acquired a new position in shares of Regency Centers during the third quarter valued at $719,000. HighTower Advisors LLC lifted its stake in shares of Regency Centers by 47.3% during the third quarter. HighTower Advisors LLC now owns 29,342 shares of the company’s stock valued at $2,121,000 after acquiring an additional 9,424 shares during the period. Finally, Royal London Asset Management Ltd. lifted its stake in shares of Regency Centers by 9.3% during the third 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 during the period. 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.