Regency Centers Co. (NASDAQ:REG) Short Interest Update

Regency Centers Co. (NASDAQ:REG) saw a large growth in short interest in October. As of October 15th, there was short interest totalling 2,640,000 shares, a growth of 19.5% from the September 30th total of 2,210,000 shares. Based on an average daily volume of 957,500 shares, the days-to-cover ratio is presently 2.8 days.

Insider Transactions at Regency Centers

In other news, VP Michael R. Herman sold 1,000 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the completion of the transaction, the vice president now owns 13,010 shares in the company, valued at approximately $905,105.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Michael R. Herman sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $69.57, for a total value of $69,570.00. Following the sale, the vice president now directly owns 13,010 shares in the company, valued at approximately $905,105.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the sale, the chairman now directly owns 307,199 shares in the company, valued at approximately $21,503,930. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Institutional Trading of Regency Centers

A number of hedge funds have recently modified their holdings of the company. Naviter Wealth LLC raised its holdings in Regency Centers by 2.0% in the first quarter. Naviter Wealth LLC now owns 10,901 shares of the company’s stock worth $667,000 after purchasing an additional 218 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Regency Centers by 29.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 953,192 shares of the company’s stock worth $57,725,000 after acquiring an additional 219,582 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Regency Centers by 0.3% in the first quarter. State of Alaska Department of Revenue now owns 104,027 shares of the company’s stock valued at $6,298,000 after acquiring an additional 305 shares during the period. Norden Group LLC acquired a new position in Regency Centers in the first quarter valued at about $321,000. Finally, Van ECK Associates Corp increased its holdings in shares of Regency Centers by 3.5% in the first quarter. Van ECK Associates Corp now owns 71,689 shares of the company’s stock worth $4,342,000 after acquiring an additional 2,396 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Trading Up 0.5 %

NASDAQ REG traded up $0.34 during trading hours on Wednesday, hitting $72.77. The company’s stock had a trading volume of 1,603,889 shares, compared to its average volume of 1,086,914. The stock has a fifty day moving average of $72.09 and a 200 day moving average of $65.97. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. Regency Centers has a twelve month low of $56.51 and a twelve month high of $75.26. The firm has a market capitalization of $13.21 billion, a P/E ratio of 34.00, a PEG ratio of 4.42 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.50). Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. The company had revenue of $360.27 million during the quarter, compared to the consensus estimate of $355.17 million. During the same quarter in the prior year, the business earned $1.02 earnings per share. Equities research analysts forecast that Regency Centers will post 4.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on REG shares. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and upped their price objective for the stock from $70.00 to $75.00 in a research note on Thursday, September 26th. Truist Financial lifted their price objective on Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, August 16th. KeyCorp assumed coverage on Regency Centers in a research note on Friday, October 25th. They issued an “overweight” rating and a $80.00 target price for the company. Evercore ISI downgraded shares of Regency Centers from an “outperform” rating to an “inline” rating and upped their price target for the stock from $72.00 to $75.00 in a research report on Monday, September 16th. Finally, Mizuho raised their price objective on shares of Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $76.55.

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.