Regency Centers (NASDAQ:REG) Trading 0.7% Higher - Should You Buy?

Regency Centers Co. (NASDAQ:REG - Get Free Report)'s share price rose 0.7% during mid-day trading on Thursday . The stock traded as high as $73.32 and last traded at $73.33. Approximately 91,015 shares were traded during trading, a decline of 91% from the average daily volume of 1,001,140 shares. The stock had previously closed at $72.83.

Analyst Ratings Changes

Several equities research analysts have recently commented on REG shares. Wells Fargo & Company reduced their target price 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. Mizuho boosted 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 cut 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 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

Regency Centers Trading Up 0.7 %

The company has a market capitalization of $13.23 billion, a price-to-earnings ratio of 34.37, a P/E/G ratio of 3.75 and a beta of 1.23. 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 50-day simple moving average is $73.12 and its 200-day simple moving average is $72.96.

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Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping 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%. On average, research analysts expect that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given 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 133.02%.

Insider Activity at Regency Centers

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the company'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 owns 54,020 shares in the company, valued at approximately $3,975,872. This represents a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Regency Centers

A number of hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC raised its holdings in Regency Centers by 104.1% in the 4th quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company's stock valued at $1,442,000 after acquiring an additional 10,221 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Regency Centers during the fourth quarter worth approximately $1,499,000. Pacer Advisors Inc. lifted its holdings in Regency Centers by 196.1% during the 4th quarter. Pacer Advisors Inc. now owns 36,245 shares of the company's stock worth $2,680,000 after purchasing an additional 24,003 shares during the last quarter. HighTower Advisors LLC boosted its stake in Regency Centers by 47.3% in the 3rd quarter. HighTower Advisors LLC now owns 29,342 shares of the company's stock valued at $2,121,000 after purchasing an additional 9,424 shares during the period. Finally, Royal London Asset Management Ltd. boosted its stake in Regency Centers by 9.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 105,433 shares of the company's stock valued at $7,615,000 after purchasing an additional 8,959 shares during the period. 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.