Regency Centers (NASDAQ:REG) Stock Price Down 0.5% – What’s Next?

Regency Centers Co. (NASDAQ:REG) traded down 0.5% during trading on Tuesday . The stock traded as low as $72.70 and last traded at $73.42. 183,456 shares were traded during mid-day trading, a decline of 82% from the average session volume of 1,005,690 shares. The stock had previously closed at $73.76.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on REG shares. Wells Fargo & Company lowered their target price on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Evercore ISI dropped their price objective on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Finally, Mizuho lifted 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 analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Regency Centers Trading Up 1.6 %

The firm has a 50 day moving average of $73.27 and a 200-day moving average of $72.95. 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 firm has a market capitalization of $13.57 billion, a P/E ratio of 35.25, a PEG ratio of 3.75 and a beta of 1.23.

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

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a dividend of $0.705 per share. The ex-dividend date was Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.77%. Regency Centers’s dividend payout ratio is currently 133.02%.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. This trade represents a 27.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers 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 sale, the chairman now directly owns 110,263 shares in the company, 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. Insiders have sold a total of 95,000 shares of company stock worth $6,977,500 over the last 90 days. Insiders own 1.00% of the company’s stock.

Institutional Trading of Regency Centers

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in Regency Centers by 185.9% during the fourth quarter. Wellington Management Group LLP now owns 42,642 shares of the company’s stock worth $3,153,000 after buying an additional 27,725 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Regency Centers by 11.6% in the 4th quarter. California State Teachers Retirement System now owns 250,988 shares of the company’s stock worth $18,556,000 after acquiring an additional 26,175 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Regency Centers by 9.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,906 shares of the company’s stock valued at $511,000 after purchasing an additional 619 shares during the period. Comprehensive Money Management Services LLC acquired a new stake in Regency Centers during the fourth quarter worth approximately $345,000. Finally, Siemens Fonds Invest GmbH bought a new stake in Regency Centers in the fourth quarter worth approximately $170,000. Institutional investors and hedge funds 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.