Regency Centers (NASDAQ:REG) Trading Down 0.3% – Should You Sell?

Regency Centers Co. (NASDAQ:REG)’s stock price was down 0.3% during mid-day trading on Tuesday . The company traded as low as $73.79 and last traded at $73.71. Approximately 170,792 shares changed hands during trading, a decline of 83% from the average daily volume of 1,007,408 shares. The stock had previously closed at $73.94.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on REG shares. Mizuho increased their price objective on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Evercore ISI reduced their price target on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. BTIG Research increased their price target on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company cut their price target on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.08.

Regency Centers Stock Performance

The company has a market cap of $13.38 billion, a PE ratio of 34.79, a PEG ratio of 3.75 and a beta of 1.23. 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 business’s 50 day moving average is $72.93 and its two-hundred day moving average is $73.02.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.09 EPS for the quarter, beating 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, equities research analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders 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 3.82%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is currently 133.02%.

Insider Activity

In other news, CEO Lisa Palmer sold 25,000 shares of the firm’s 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 completion of the transaction, the chief executive officer now owns 139,923 shares in the company, valued at $10,250,758.98. This trade represents a 15.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of the business’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 sale, the chief financial officer now owns 54,020 shares in the company, valued at $3,975,872. This represents a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of REG. US Bancorp DE lifted its position in Regency Centers by 8.8% during the third quarter. US Bancorp DE now owns 8,036 shares of the company’s stock valued at $580,000 after purchasing an additional 647 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Regency Centers by 7.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 9,486 shares of the company’s stock valued at $685,000 after buying an additional 696 shares in the last quarter. Versor Investments LP bought a new position in shares of Regency Centers in the 3rd quarter valued at about $523,000. Entropy Technologies LP purchased a new position in Regency Centers in the third quarter worth about $591,000. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its stake in Regency Centers by 25.2% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 68,631 shares of the company’s stock worth $4,957,000 after acquiring an additional 13,812 shares during the last quarter. 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.