Regency Centers (NASDAQ:REG) Trading 3.3% Higher - Time to Buy?

Regency Centers Co. (NASDAQ:REG - Get Free Report)'s stock price shot up 3.3% during trading on Tuesday . The stock traded as high as $74.25 and last traded at $74.15. 85,415 shares were traded during mid-day trading, a decline of 92% from the average session volume of 1,078,391 shares. The stock had previously closed at $71.75.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Scotiabank upped their target price on Regency Centers from $65.00 to $75.00 and gave the company a "sector perform" rating in a report on Monday, August 26th. Compass Point lifted their target price on shares of Regency Centers from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. boosted their target price on shares of Regency Centers from $71.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, August 8th. Mizuho raised their price target on shares of Regency Centers from $67.00 to $73.00 and gave the stock an "outperform" rating in a report on Monday, August 19th. Finally, Evercore ISI cut Regency Centers from an "outperform" rating to an "inline" rating and upped their price objective for the company from $72.00 to $75.00 in a report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $76.55.

Regency Centers Price Performance

The company has a fifty day moving average of $72.05 and a 200-day moving average of $65.87. The stock has a market cap of $13.15 billion, a PE ratio of 35.48, a P/E/G ratio of 4.42 and a beta of 1.21. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.50). Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. The business had revenue of $360.27 million for the quarter, compared to analysts' expectations of $355.17 million. During the same quarter last year, the company earned $1.02 earnings per share. Sell-side analysts expect that Regency Centers Co. will post 4.24 EPS for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were given a $0.67 dividend. The ex-dividend date was Thursday, September 12th. This represents a $2.68 annualized dividend and a yield of 3.70%. Regency Centers's dividend payout ratio is presently 128.23%.

Insiders Place Their Bets

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the stock in a transaction dated 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 owns 13,010 shares of the company's stock, valued at $905,105.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Chairman Martin E. Stein, Jr. sold 25,000 shares of Regency Centers 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 transaction, the chairman now directly owns 307,199 shares in the company, valued at $21,503,930. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Michael R. Herman sold 1,000 shares of the company's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the transaction, the vice president now owns 13,010 shares of the company's stock, valued at approximately $905,105.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Regency Centers by 18.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 312,155 shares of the company's stock valued at $18,904,000 after acquiring an additional 49,188 shares during the period. FORA Capital LLC boosted its holdings in Regency Centers by 493.7% during the first quarter. FORA Capital LLC now owns 25,061 shares of the company's stock worth $1,518,000 after buying an additional 20,840 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Regency Centers by 10.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company's stock worth $547,995,000 after buying an additional 873,062 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in Regency Centers by 14.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 116,726 shares of the company's stock valued at $6,998,000 after buying an additional 14,410 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Regency Centers by 5.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 309,182 shares of the company's stock valued at $18,725,000 after acquiring an additional 15,621 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

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.