Regency Centers (NASDAQ:REG) Trading Down 2% - Time to Sell?

Regency Centers Co. (NASDAQ:REG - Get Free Report) dropped 2% during mid-day trading on Thursday . The stock traded as low as $68.55 and last traded at $68.25. Approximately 163,606 shares traded hands during trading, a decline of 85% from the average daily volume of 1,070,889 shares. The stock had previously closed at $69.66.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Evercore ISI decreased 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 decreased their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Finally, Mizuho lifted their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Regency Centers presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

Regency Centers Stock Up 1.4 %

The business's 50 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 quick ratio of 0.95 and a current ratio of 0.85. The company 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.

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Regency Centers (NASDAQ:REG - Get Free Report) last released 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 return on equity of 5.91% and a net margin of 27.54%. Sell-side analysts expect that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.705 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 4.06%. Regency Centers's dividend payout ratio (DPR) is 133.02%.

Insider Activity at Regency Centers

In other news, 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 value of $1,831,500.00. Following the transaction, the chief executive officer now owns 139,923 shares of the company's stock, valued at $10,250,758.98. This trade represents a 15.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business's stock in a transaction on 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 completion of the sale, the chairman now owns 110,263 shares of the company's stock, valued at $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,000 shares of company stock valued at $6,977,500. Insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of REG. Sanctuary Advisors LLC grew its position in shares of Regency Centers by 104.1% in the fourth quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company's stock valued at $1,442,000 after purchasing an additional 10,221 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Regency Centers in the 4th quarter valued at approximately $1,499,000. Pacer Advisors Inc. increased its position in Regency Centers by 196.1% in the 4th quarter. Pacer Advisors Inc. now owns 36,245 shares of the company's stock worth $2,680,000 after buying an additional 24,003 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Regency Centers by 47.3% during 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, Y Intercept Hong Kong Ltd bought a new stake in shares of Regency Centers in the third quarter valued at approximately $953,000. Institutional investors own 96.07% of the company's stock.

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.