Regency Centers (NASDAQ:REG) Trading Down 0.7% - Should You Sell?

Regency Centers Co. (NASDAQ:REG - Get Free Report)'s stock price fell 0.7% during mid-day trading on Friday . The company traded as low as $70.76 and last traded at $71.54. 430,871 shares were traded during trading, a decline of 57% from the average session volume of 1,001,258 shares. The stock had previously closed at $72.04.

Wall Street Analyst Weigh In

REG has been the topic of several recent research reports. Mizuho raised 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. BTIG Research lifted their price objective on Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Wells Fargo & Company reduced their price objective on shares of Regency Centers from $81.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 29th. Finally, Evercore ISI lowered their price target on Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $78.08.

Regency Centers Trading Up 1.2 %

The business's fifty day moving average is $72.97 and its 200-day moving average is $73.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The firm has a market cap of $13.12 billion, a P/E ratio of 34.11, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23.

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Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.705 per share. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.90%. Regency Centers's payout ratio is 133.02%.

Insider Activity

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of Regency Centers stock in a transaction dated Wednesday, February 19th. The stock was 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. The trade was a 15.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chairman now owns 110,263 shares in the company, valued at $8,102,125.24. This represents a 31.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,000 shares of company stock worth $6,977,500 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Regency Centers

A number of hedge funds and other institutional investors have recently modified their holdings of REG. Heck Capital Advisors LLC bought a new stake in Regency Centers in the fourth quarter worth about $26,000. National Pension Service purchased a new position in Regency Centers in the fourth quarter valued at approximately $27,000. TD Waterhouse Canada Inc. grew its holdings in Regency Centers by 48,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 487 shares during the period. Canada Post Corp Registered Pension Plan purchased a new stake in Regency Centers in the fourth quarter worth $39,000. Finally, Ameriflex Group Inc. purchased a new stake in Regency Centers in the fourth quarter worth $53,000. Hedge funds and other institutional investors 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.