Regency Centers Co. (NASDAQ:REG - Get Free Report)'s share price traded down 0.9% during trading on Monday . The stock traded as low as $65.98 and last traded at $68.18. 465,357 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 1,061,115 shares. The stock had previously closed at $68.77.
Analysts Set New Price Targets
REG has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Evercore ISI lowered their price objective on 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 boosted their target price 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. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Regency Centers currently has an average rating of "Moderate Buy" and a consensus price target of $78.00.
Check Out Our Latest Research Report on REG
Regency Centers Stock Up 0.8 %
The firm's 50-day moving average price is $72.70 and its 200 day moving average price is $72.70. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $12.52 billion, a price-to-earnings ratio of 32.47, a PEG ratio of 3.75 and a beta of 1.03.
Regency Centers (NASDAQ:REG - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts forecast that Regency Centers Co. will post 4.54 EPS for the current fiscal year.
Regency Centers Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a $0.705 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.09%. Regency Centers's dividend payout ratio (DPR) is currently 133.02%.
Insider Activity
In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was 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 directly owns 110,263 shares in the company, valued at approximately $8,102,125.24. This trade represents a 31.20 % 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, 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 sale, the chief financial officer now directly owns 54,020 shares in the company, valued at $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,000 shares of company stock worth $6,977,500. Corporate insiders own 1.00% of the company's stock.
Institutional Investors Weigh In On Regency Centers
Institutional investors and hedge funds have recently made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new stake in Regency Centers during the 4th quarter valued at approximately $26,000. National Pension Service bought a new stake in shares of Regency Centers in the 4th quarter valued at $27,000. TD Waterhouse Canada Inc. raised its stake in Regency Centers by 48,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after buying an additional 487 shares during the last quarter. Sentry Investment Management LLC acquired a new position in Regency Centers in the first quarter valued at $38,000. Finally, Canada Post Corp Registered Pension Plan bought a new stake in Regency Centers during the fourth quarter valued at $39,000. Institutional investors and hedge funds own 96.07% of the company's stock.
Regency Centers Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Regency Centers, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Regency Centers wasn't on the list.
While Regency Centers currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
