Regency Centers (NASDAQ:REG) Shares Down 0.8% – Here’s Why

Regency Centers Co. (NASDAQ:REG)’s stock price was down 0.8% on Wednesday . The stock traded as low as $70.90 and last traded at $70.87. Approximately 82,219 shares traded hands during trading, a decline of 92% from the average daily volume of 1,000,249 shares. The stock had previously closed at $71.42.

Analysts Set New Price Targets

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

Regency Centers Price Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The firm’s 50-day moving average is $72.84 and its two-hundred day moving average is $73.02. The company has a market cap of $12.93 billion, a P/E ratio of 33.64, a PEG ratio of 3.75 and a beta of 1.23.

Regency Centers (NASDAQ:REG) last announced its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is 133.02%.

Insider Activity at Regency Centers

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 139,923 shares in the company, valued at $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael J. Mas sold 20,000 shares of the firm’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 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,000 shares of company stock worth $6,977,500. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Regency Centers

Hedge funds have recently bought and sold shares of the business. Heck Capital Advisors LLC bought a new position in Regency Centers in the 4th quarter valued at $26,000. National Pension Service bought a new position in Regency Centers in the 4th quarter valued at $27,000. TD Waterhouse Canada Inc. grew its position in 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 during the last quarter. Canada Post Corp Registered Pension Plan bought a new position in Regency Centers in the 4th quarter valued at $39,000. Finally, Ameriflex Group Inc. bought a new position in Regency Centers in the 4th quarter valued at $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.