Regency Centers (NASDAQ:REG) Trading Down 0.5% – Should You Sell?

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

Analyst Ratings Changes

REG has been the topic of several recent research reports. Wells Fargo & Company cut their price target on Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Evercore ISI decreased their price target on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Finally, 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. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Regency Centers Stock Performance

The company has a market cap of $13.57 billion, a P/E ratio of 35.25, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23. 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’s 50-day moving average is $73.27 and its two-hundred day moving average is $72.95.

Regency Centers (NASDAQ:REG) last released 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%. Equities analysts predict that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a $0.705 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.77%. Regency Centers’s payout ratio is presently 133.02%.

Insider Transactions 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 transaction of $3,674,000.00. Following the sale, the chairman now directly owns 110,263 shares in the company, valued at approximately $8,102,125.24. The trade was a 31.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the firm’s stock in a transaction dated 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 owns 54,020 shares of the company’s stock, valued at approximately $3,975,872. This represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,000 shares of company stock worth $6,977,500. 1.00% of the stock is owned by company insiders.

Institutional Trading of Regency Centers

Several institutional investors and hedge funds have recently bought and sold shares of REG. Heck Capital Advisors LLC bought a new position in shares of Regency Centers in the fourth quarter worth $26,000. National Pension Service bought a new position in Regency Centers in the 4th quarter worth about $27,000. TD Waterhouse Canada Inc. raised its holdings in shares of Regency Centers by 48,700.0% in 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 in the last quarter. Canada Post Corp Registered Pension Plan bought a new stake in shares of Regency Centers during the 4th quarter valued at about $39,000. Finally, Ameriflex Group Inc. purchased a new position in shares of Regency Centers during the fourth quarter worth about $53,000. 96.07% of the stock is currently owned by hedge funds and other 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.