Regency Centers Co. (NASDAQ:REG - Get Free Report) traded up 0.7% during mid-day trading on Wednesday . The stock traded as high as $73.04 and last traded at $72.68. 58,811 shares were traded during trading, a decline of 94% from the average session volume of 1,002,353 shares. The stock had previously closed at $72.18.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Wells Fargo & Company reduced their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday. Mizuho lifted 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 decreased 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 research note on Tuesday, December 24th. Three equities research 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $78.00.
Check Out Our Latest Stock Report on Regency Centers
Regency Centers Price 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 fifty day simple moving average is $73.12 and its 200 day simple moving average is $72.98. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23.
Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS 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%. Research analysts predict that Regency Centers Co. will post 4.54 EPS for the current fiscal year.
Regency Centers Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Wednesday, March 12th. Regency Centers's dividend payout ratio (DPR) is currently 133.02%.
Insider Buying and Selling
In related news, CEO Lisa Palmer sold 25,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total value of $1,831,500.00. Following the completion of the sale, the chief executive officer now directly owns 139,923 shares of the company's stock, valued at $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the transaction, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. This represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,000 shares of company stock worth $6,977,500. Insiders own 1.00% of the company's stock.
Institutional Trading of Regency Centers
Several institutional investors have recently added to or reduced their stakes in REG. Heck Capital Advisors LLC bought a new stake in shares of Regency Centers during the 4th quarter valued at about $26,000. National Pension Service bought a new position in shares of Regency Centers during the fourth quarter valued at approximately $27,000. TD Waterhouse Canada Inc. raised its position in shares of Regency Centers by 48,700.0% during the 4th 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 acquired a new stake in shares of Regency Centers during the 4th quarter worth approximately $39,000. Finally, Ameriflex Group Inc. bought a new stake in shares of Regency Centers in the 4th quarter worth approximately $53,000. Institutional investors 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.
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