Regency Centers (NASDAQ:REG) Trading Up 0.6% – What’s Next?

Regency Centers Co. (NASDAQ:REG) shares traded up 0.6% during mid-day trading on Monday . The stock traded as high as $73.49 and last traded at $73.34. 213,089 shares traded hands during trading, a decline of 80% from the average session volume of 1,044,557 shares. The stock had previously closed at $72.87.

Analysts Set New Price Targets

A number of analysts have commented on the company. Wells Fargo & Company reduced their price objective on Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Mizuho raised their target price on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Finally, Evercore ISI lowered their price target on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

Regency Centers Trading Down 0.3 %

The firm has a market cap of $13.35 billion, a P/E ratio of 34.70, a price-to-earnings-growth 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 company’s fifty day moving average price is $73.20 and its two-hundred day moving average price is $72.94.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, topping 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%. As a group, sell-side analysts predict that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.705 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.83%. Regency Centers’s payout ratio is 133.02%.

Insiders Place Their Bets

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total value of $3,674,000.00. Following the completion of the transaction, the chairman now directly owns 110,263 shares of the company’s stock, valued at approximately $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 54,020 shares in the company, valued at $3,975,872. This trade represents a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Regency Centers

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cerity Partners LLC increased its position in Regency Centers by 46.2% in the third quarter. Cerity Partners LLC now owns 9,722 shares of the company’s stock worth $702,000 after purchasing an additional 3,074 shares during the period. Glenmede Trust Co. NA grew its position in shares of Regency Centers by 4.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock worth $244,000 after buying an additional 141 shares during the period. Public Sector Pension Investment Board grew its position in shares of Regency Centers by 26.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 28,421 shares of the company’s stock worth $2,053,000 after buying an additional 5,939 shares during the period. Martingale Asset Management L P bought a new stake in shares of Regency Centers during the third quarter worth approximately $332,000. Finally, Verition Fund Management LLC lifted its holdings in Regency Centers by 138.1% in the third quarter. Verition Fund Management LLC now owns 13,694 shares of the company’s stock valued at $989,000 after buying an additional 7,942 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

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.