Regency Centers Co. (NASDAQ:REG - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $78.00.
A number of equities research analysts recently commented on the company. Wells Fargo & Company dropped their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Mizuho upped their price target on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. Finally, Evercore ISI reduced 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 note on Tuesday, December 24th.
View Our Latest Research Report on REG
Insiders Place Their Bets
In other news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the 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 transaction, the chairman now directly owns 110,263 shares in the company, valued at $8,102,125.24. This represents a 31.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the sale, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. This represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,000 shares of company stock worth $6,977,500. Corporate insiders own 1.00% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of REG. Heck Capital Advisors LLC bought a new position in shares of Regency Centers in the fourth quarter valued at $26,000. National Pension Service acquired a new stake in Regency Centers in the fourth quarter valued at $27,000. TD Waterhouse Canada Inc. grew its position in shares of 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 acquiring an additional 487 shares during the period. Sentry Investment Management LLC acquired a new position in shares of Regency Centers during the 1st quarter worth about $38,000. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of Regency Centers in the 4th quarter valued at about $39,000. 96.07% of the stock is currently owned by institutional investors.
Regency Centers Trading Up 1.4 %
Shares of NASDAQ REG traded up $0.98 during mid-day trading on Friday, hitting $69.40. The company's stock had a trading volume of 908,517 shares, compared to its average volume of 1,068,965. Regency Centers has a one year low of $56.51 and a one year high of $78.18. The company's fifty day simple moving average is $72.66 and its 200-day simple moving average is $72.68. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The stock has a market cap of $12.60 billion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03.
Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Regency Centers will post 4.54 earnings per share for the current fiscal year.
Regency Centers Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date was Wednesday, March 12th. Regency Centers's payout ratio is presently 133.02%.
About Regency Centers
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Get Free ReportRegency 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.
Further Reading
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