Wells Fargo & Company Has Lowered Expectations for Regency Centers (NASDAQ:REG) Stock Price

Regency Centers (NASDAQ:REG) had its price target reduced by stock analysts at Wells Fargo & Company from $80.00 to $79.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 9.45% from the company’s current price.

Other analysts have also issued reports about the stock. Evercore ISI cut their target price on shares of 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 raised their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Mizuho boosted their target price 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. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.00.

Regency Centers Stock Performance

NASDAQ:REG opened at $72.18 on Wednesday. Regency Centers has a 52 week low of $56.51 and a 52 week high of $78.18. The company has a fifty day simple moving average of $73.03 and a two-hundred day simple moving average of $73.00. 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 $13.09 billion, a price-to-earnings ratio of 34.05, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23.

Regency Centers (NASDAQ:REG) last released its earnings results 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%. As a group, equities analysts anticipate that Regency Centers will post 4.54 earnings per share for the current fiscal year.

Insider Activity

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the transaction, the chief financial officer now directly owns 54,020 shares of the company’s stock, valued at approximately $3,975,872. This trade represents a 27.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the completion of the sale, the chairman now directly owns 110,263 shares of the company’s stock, valued at $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 95,000 shares of company stock valued at $6,977,500. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Regency Centers

Institutional investors have recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC acquired a new stake in Regency Centers during the 4th quarter worth approximately $26,000. National Pension Service acquired a new stake in shares of Regency Centers during the fourth quarter worth $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 buying an additional 487 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new position in Regency Centers in the 4th quarter valued at $39,000. Finally, Ameriflex Group Inc. acquired a new position in Regency Centers in the 4th quarter valued at $53,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.