Regency Centers (NASDAQ:REG) Trading Up 0.6% - Here's Why

Regency Centers Co. (NASDAQ:REG - Get Free Report) rose 0.6% on Monday . The stock traded as high as $73.49 and last traded at $73.34. Approximately 213,089 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 1,044,557 shares. The stock had previously closed at $72.87.

Wall Street Analysts Forecast Growth

REG has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Mizuho lifted their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. Finally, Evercore ISI cut their target price on Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a research note on Tuesday, December 24th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Regency Centers has an average rating of "Moderate Buy" and a consensus target price of $78.00.

Regency Centers Price Performance

The company has a fifty day moving average price of $73.27 and a two-hundred day moving average price of $72.95. 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 firm has a market cap of $13.09 billion, a P/E ratio of 34.00, a PEG ratio of 3.75 and a beta of 1.23.

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Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. Equities analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Wednesday, March 12th. Regency Centers's dividend payout ratio is 133.02%.

Insider Transactions at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business's stock in a transaction 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of the firm's stock in a transaction 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 approximately $3,975,872. This trade represents a 27.02 % 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 three months. Company insiders own 1.00% of the company's stock.

Institutional Trading of Regency Centers

Hedge funds and other institutional investors have recently modified their holdings of the stock. Glenmede Trust Co. NA grew its stake in Regency Centers by 4.4% in the third quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company's stock valued at $244,000 after purchasing an additional 141 shares in the last quarter. State of Wyoming increased its holdings in Regency Centers by 11.3% during the fourth quarter. State of Wyoming now owns 1,543 shares of the company's stock worth $114,000 after buying an additional 157 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in Regency Centers by 4.3% during the third quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company's stock worth $286,000 after buying an additional 163 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Regency Centers by 3.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company's stock worth $356,000 after acquiring an additional 164 shares in the last quarter. Finally, Greenleaf Trust lifted its stake in Regency Centers by 3.8% in the fourth quarter. Greenleaf Trust now owns 4,735 shares of the company's stock valued at $350,000 after acquiring an additional 172 shares during the last quarter. Institutional investors and hedge funds 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.