Regency Centers (NASDAQ:REG) Trading Down 0.5% - Should You Sell?

Shares of Regency Centers Co. (NASDAQ:REG - Get Free Report) traded down 0.5% on Tuesday . The stock traded as low as $72.70 and last traded at $73.42. 183,456 shares traded hands during trading, a decline of 82% from the average session volume of 1,005,690 shares. The stock had previously closed at $73.76.

Analyst Ratings Changes

Several brokerages have weighed in on REG. Evercore ISI dropped 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. Wells Fargo & Company dropped their price target on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Finally, Mizuho increased their target price on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $78.00.

Regency Centers Price Performance

The business's 50-day simple moving average is $73.29 and its two-hundred day simple moving average is $72.95. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 32.44, 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 results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Wednesday, March 12th. Regency Centers's dividend payout ratio is presently 133.02%.

Insider Activity at Regency Centers

In other news, CEO Lisa Palmer sold 25,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total transaction 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 represents a 15.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael J. Mas sold 20,000 shares of the business's stock in a transaction that occurred on 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 owns 54,020 shares of the company's stock, valued at approximately $3,975,872. This represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock worth $6,977,500 over the last quarter. Company insiders own 1.00% of the company's stock.

Institutional Trading of Regency Centers

Several hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Regency Centers in the fourth quarter valued at $1,262,425,000. State Street Corp boosted its stake in Regency Centers by 1.1% during the 3rd quarter. State Street Corp now owns 11,768,052 shares of the company's stock valued at $857,892,000 after purchasing an additional 131,300 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Regency Centers by 0.5% during the 4th quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company's stock worth $823,711,000 after purchasing an additional 51,424 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Regency Centers by 1.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,440,384 shares of the company's stock worth $771,859,000 after purchasing an additional 171,047 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Regency Centers by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company's stock valued at $678,873,000 after purchasing an additional 366,427 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Company Profile

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.