Regency Centers Co. (NASDAQ:REG - Get Free Report) rose 0.1% on Thursday . The stock traded as high as $72.50 and last traded at $72.18. Approximately 139,733 shares changed hands during trading, a decline of 86% from the average daily volume of 1,000,584 shares. The stock had previously closed at $72.08.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on REG shares. BTIG Research boosted their target price on Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Evercore ISI lowered their target price 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. Wells Fargo & Company cut their price target on shares of Regency Centers from $81.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Finally, Mizuho raised their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $78.08.
Check Out Our Latest Research Report on REG
Regency Centers Stock Down 0.7 %
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 business has a 50-day moving average price of $72.97 and a 200-day moving average price of $73.00. The firm has a market cap of $12.97 billion, a P/E ratio of 33.73, a P/E/G ratio of 3.75 and a beta of 1.23.
Regency Centers (NASDAQ:REG - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping 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, equities analysts forecast that Regency Centers Co. will post 4.54 EPS for the current fiscal year.
Regency Centers Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.705 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.94%. Regency Centers's dividend payout ratio is presently 133.02%.
Insider Buying and Selling
In other news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the sale, the chairman now owns 110,263 shares in the company, valued at approximately $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 of the company's stock, 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. Insiders sold 95,000 shares of company stock worth $6,977,500 in the last three months. 1.00% of the stock is owned by insiders.
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 purchased a new position in Regency Centers in the 4th quarter worth $26,000. National Pension Service purchased a new position in shares of Regency Centers in the fourth quarter worth about $27,000. TD Waterhouse Canada Inc. lifted its holdings in shares of 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 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 valued at approximately $39,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Regency Centers in the 4th quarter worth approximately $54,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.
About Regency Centers
(
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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.
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