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

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

Analysts Set New Price Targets

REG has been the topic of a number of recent analyst reports. Mizuho increased their price target on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Wells Fargo & Company cut their price target 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. Evercore ISI cut their price target on shares of 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. Finally, BTIG Research increased their price target on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Three research 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.08.

Regency Centers Stock Up 0.9 %

The firm’s 50-day moving average price is $72.88 and its 200-day moving average price is $73.02. The company has a market cap of $13.07 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23. 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 released its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping 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%. Sell-side 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. Investors of record on Wednesday, March 12th will be issued a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s payout ratio is 133.02%.

Insider Activity at Regency Centers

In related news, CFO Michael J. Mas sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the transaction, the chairman now owns 110,263 shares in the company, valued at $8,102,125.24. This trade represents 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 sold 95,000 shares of company stock valued at $6,977,500. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in REG. Heck Capital Advisors LLC bought a new position in Regency Centers during the 4th quarter valued at $26,000. National Pension Service bought a new position in Regency Centers during the 4th quarter valued at $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 valued at $36,000 after acquiring an additional 487 shares during the last quarter. Canada Post Corp Registered Pension Plan bought a new position in Regency Centers during the 4th quarter valued at $39,000. Finally, Ameriflex Group Inc. bought a new position in Regency Centers during the 4th quarter valued at $53,000. 96.07% of the stock is currently 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.