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

Regency Centers Co. (NASDAQ:REG) was up 0.7% during trading on Thursday . The stock traded as high as $73.32 and last traded at $73.33. Approximately 91,015 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 1,001,140 shares. The stock had previously closed at $72.83.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. 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. Evercore ISI cut their target price 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. BTIG Research upped 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. Finally, Wells Fargo & Company decreased their target price on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a report on Wednesday. Three investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $78.00.

Regency Centers Stock Down 0.4 %

The company has a fifty day moving average of $73.07 and a 200 day moving average of $72.99. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. The company has a market cap of $13.15 billion, a P/E ratio of 34.20, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. On average, research analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 3.89%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio is 133.02%.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the transaction, the chief financial officer now directly owns 54,020 shares in the company, valued at $3,975,872. This represents a 27.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 139,923 shares of the company’s stock, 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 95,000 shares of company stock valued at $6,977,500 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Regency Centers

Several institutional investors have recently added to or reduced their stakes in REG. Heck Capital Advisors LLC purchased a new position in Regency Centers during the 4th quarter worth $26,000. National Pension Service purchased a new position in shares of Regency Centers in the 4th quarter worth approximately $27,000. TD Waterhouse Canada Inc. raised its stake in shares of 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 in the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in Regency Centers in the fourth quarter valued at approximately $39,000. Finally, Ameriflex Group Inc. purchased a new position in Regency Centers in the fourth quarter worth $53,000. Institutional investors 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.