Regency Centers (NASDAQ:REG) Trading Up 0.3% – Should You Buy?

Regency Centers Co. (NASDAQ:REG)’s stock price traded up 0.3% during trading on Tuesday . The company traded as high as $72.77 and last traded at $72.63. 153,611 shares were traded during mid-day trading, a decline of 85% from the average session volume of 1,005,038 shares. The stock had previously closed at $72.44.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. BTIG Research lifted their target price on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Mizuho lifted their price objective 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. 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 research report on Tuesday, December 24th. Finally, Wells Fargo & Company cut their price target on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday. Three research 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 company’s stock. According to MarketBeat, Regency Centers presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Regency Centers Trading Up 0.1 %

The company has a fifty day moving average price of $73.07 and a two-hundred day moving average price of $72.99. 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 firm has a market capitalization of $13.23 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 3.75 and a beta of 1.23.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. As a group, research analysts forecast that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is 133.02%.

Insider Buying and Selling at Regency Centers

In other news, CEO Lisa Palmer sold 25,000 shares of Regency Centers stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the sale, the chief executive officer now owns 139,923 shares in the company, valued at approximately $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the chief financial officer now directly owns 54,020 shares of the company’s stock, valued at approximately $3,975,872. This trade represents a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,000 shares of company stock valued at $6,977,500 in the last three months. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Regency Centers during the fourth quarter worth $1,262,425,000. Invesco Ltd. lifted its holdings in shares of Regency Centers by 121.2% in the fourth quarter. Invesco Ltd. now owns 5,374,450 shares of the company’s stock valued at $397,333,000 after purchasing an additional 2,944,854 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Regency Centers by 1,138.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company’s stock worth $149,932,000 after purchasing an additional 1,908,153 shares in the last quarter. Northern Trust Corp raised its position in shares of Regency Centers by 64.1% during the 4th quarter. Northern Trust Corp now owns 2,781,614 shares of the company’s stock worth $205,645,000 after purchasing an additional 1,086,797 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in Regency Centers by 51.7% in the 4th quarter. Prudential Financial Inc. now owns 2,155,589 shares of the company’s stock valued at $159,363,000 after buying an additional 734,210 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other 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.