Regency Centers (NASDAQ:REG) Trading Down 0.5% – What’s Next?

Regency Centers Co. (NASDAQ:REG)’s stock price traded down 0.5% on Tuesday . The company traded as low as $72.70 and last traded at $73.42. 183,456 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 1,005,690 shares. The stock had previously closed at $73.76.

Wall Street Analysts Forecast Growth

REG has been the subject of a number of recent research reports. Wells Fargo & Company lowered their price target on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Mizuho boosted their price target on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Finally, Evercore ISI cut their price target 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Regency Centers Price Performance

The stock has a market capitalization of $13.25 billion, a P/E ratio of 34.46, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23. The business’s 50 day moving average price is $73.17 and its 200 day moving average price is $72.95. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95.

Regency Centers (NASDAQ:REG) last announced its 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%. Sell-side analysts forecast that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a $0.705 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.86%. Regency Centers’s dividend payout ratio (DPR) is 133.02%.

Insider Buying and Selling

In other news, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction on 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 $3,975,872. This represents a 27.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lisa Palmer sold 25,000 shares of Regency Centers 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 transaction, the chief executive officer now owns 139,923 shares in the company, valued at approximately $10,250,758.98. This trade represents a 15.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Regency Centers

Institutional investors and hedge funds have recently bought and sold shares of the business. Cerity Partners LLC raised its stake in Regency Centers by 46.2% during the 3rd quarter. Cerity Partners LLC now owns 9,722 shares of the company’s stock valued at $702,000 after purchasing an additional 3,074 shares during the period. Glenmede Trust Co. NA raised its position in shares of Regency Centers by 4.4% during the third quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock valued at $244,000 after buying an additional 141 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Regency Centers by 26.4% in the third quarter. Public Sector Pension Investment Board now owns 28,421 shares of the company’s stock worth $2,053,000 after buying an additional 5,939 shares in the last quarter. Martingale Asset Management L P bought a new position in shares of Regency Centers during the third quarter worth $332,000. Finally, Verition Fund Management LLC boosted its position 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 worth $989,000 after acquiring an additional 7,942 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

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.