Regency Centers (NASDAQ:REG) Trading 0.7% Higher – Here’s Why

Regency Centers Co. (NASDAQ:REG)’s stock price traded up 0.7% on Tuesday . The company traded as high as $72.10 and last traded at $71.96. 140,980 shares changed hands during trading, a decline of 86% from the average session volume of 999,415 shares. The stock had previously closed at $71.43.

Wall Street Analysts Forecast Growth

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

Regency Centers Price Performance

The stock’s fifty day moving average price is $72.88 and its two-hundred day moving average price is $73.02. The firm has a market capitalization of $13.07 billion, a price-to-earnings ratio of 34.00, 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.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. Equities research analysts expect that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a $0.705 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a yield of 3.91%. Regency Centers’s dividend payout ratio (DPR) is presently 133.02%.

Insider Activity at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business’s stock in a transaction on 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa Palmer sold 25,000 shares of Regency Centers stock in a transaction on Wednesday, February 19th. The shares were 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 approximately $10,250,758.98. This represents a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,000 shares of company stock valued at $6,977,500 over the last ninety days. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Heck Capital Advisors LLC acquired a new position in Regency Centers in the fourth quarter valued at $26,000. National Pension Service acquired a new position in Regency Centers during the fourth quarter worth about $27,000. TD Waterhouse Canada Inc. grew its position in Regency Centers by 48,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company’s stock worth $36,000 after buying an additional 487 shares during the period. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Regency Centers in the fourth quarter valued at about $39,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Regency Centers in the fourth quarter valued at about $54,000. 96.07% of the stock is currently 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.