Regency Centers (NASDAQ:REG) Trading 0.7% Higher – Here’s Why

Shares of Regency Centers Co. (NASDAQ:REG) were up 0.7% during trading on Wednesday . The stock traded as high as $73.04 and last traded at $72.68. Approximately 58,811 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 1,002,353 shares. The stock had previously closed at $72.18.

Analyst Ratings Changes

Several research analysts recently issued reports on REG shares. Evercore ISI cut their price objective on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Mizuho boosted their price target on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company decreased 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. Three investment 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 company. According to MarketBeat.com, Regency Centers has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Regency Centers Stock Up 0.7 %

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 $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. The firm’s 50-day moving average is $73.08 and its 200 day moving average is $72.99.

Regency Centers (NASDAQ:REG) last released 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%. Sell-side analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 3.87%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is presently 133.02%.

Insider Transactions at Regency Centers

In other news, CFO Michael J. Mas sold 20,000 shares of the business’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 transaction, the chief financial officer now directly owns 54,020 shares of the company’s stock, valued at approximately $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lisa Palmer sold 25,000 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 139,923 shares of the company’s stock, valued at approximately $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. 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 quarter. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Quest Partners LLC increased its holdings in Regency Centers by 84.8% during the 3rd quarter. Quest Partners LLC now owns 937 shares of the company’s stock worth $68,000 after purchasing an additional 430 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Regency Centers by 21.3% in the third quarter. PNC Financial Services Group Inc. now owns 18,121 shares of the company’s stock worth $1,309,000 after buying an additional 3,188 shares during the last quarter. Cerity Partners LLC raised its holdings in Regency Centers by 46.2% in the third quarter. Cerity Partners LLC now owns 9,722 shares of the company’s stock valued at $702,000 after acquiring an additional 3,074 shares in the last quarter. Brooklyn Investment Group bought a new position in Regency Centers during the 3rd quarter valued at $96,000. Finally, Glenmede Trust Co. NA grew its holdings in Regency Centers by 4.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock worth $244,000 after acquiring an additional 141 shares in 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.