Regency Centers (NASDAQ:REG) Trading Down 0.8% - What's Next?

Regency Centers Co. (NASDAQ:REG - Get Free Report) dropped 0.8% during mid-day trading on Wednesday . The company traded as low as $70.90 and last traded at $70.87. Approximately 82,219 shares were traded during trading, a decline of 92% from the average daily volume of 1,000,249 shares. The stock had previously closed at $71.42.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. BTIG Research increased their target price on Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Wells Fargo & Company decreased their price objective on Regency Centers from $81.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Mizuho increased their price target on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, January 8th. Finally, 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 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 given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.08.

Regency Centers Stock Performance

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 business's 50-day moving average is $72.97 and its 200-day moving average is $73.00. The company has a market capitalization of $12.97 billion, a PE ratio of 33.73, a PEG ratio of 3.75 and a beta of 1.23.

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Regency Centers (NASDAQ:REG - Get Free Report) last released its 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%. On average, research analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date is Wednesday, March 12th. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Insider Buying and Selling

In related news, CFO Michael J. Mas sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total transaction 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. The trade was a 27.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lisa Palmer sold 25,000 shares of Regency Centers stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 139,923 shares in the company, valued at $10,250,758.98. This represents a 15.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,000 shares of company stock valued at $6,977,500 over the last 90 days. Company insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in REG. Sanctuary Advisors LLC lifted its holdings in shares of Regency Centers by 104.1% in the 4th quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company's stock valued at $1,442,000 after acquiring an additional 10,221 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Regency Centers by 196.1% during the 4th quarter. Pacer Advisors Inc. now owns 36,245 shares of the company's stock valued at $2,680,000 after purchasing an additional 24,003 shares during the last quarter. Trustmark National Bank Trust Department purchased a new stake in Regency Centers during the 3rd quarter valued at $719,000. HighTower Advisors LLC lifted its position in Regency Centers by 47.3% in the third quarter. HighTower Advisors LLC now owns 29,342 shares of the company's stock worth $2,121,000 after buying an additional 9,424 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its stake in shares of Regency Centers by 9.3% in the third quarter. Royal London Asset Management Ltd. now owns 105,433 shares of the company's stock valued at $7,615,000 after acquiring an additional 8,959 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

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.