Regency Centers (NASDAQ:REG) Trading Up 0.9% – Here’s What Happened

Regency Centers Co. (NASDAQ:REG)’s share price was up 0.9% during trading on Friday . The stock traded as high as $71.46 and last traded at $71.05. Approximately 163,361 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 1,006,041 shares. The stock had previously closed at $70.39.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company dropped their price objective on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. BTIG Research increased their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Mizuho lifted their price objective 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 dropped 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 report 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 assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $78.08.

Regency Centers Trading Up 0.6 %

The stock’s fifty day moving average is $72.85 and its 200 day moving average is $73.01. 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 stock has a market cap of $12.84 billion, a P/E ratio of 33.39, a P/E/G ratio of 3.75 and a beta of 1.23.

Regency Centers (NASDAQ:REG) last announced its earnings results 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%. As a group, equities research analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The company 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 $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s dividend payout ratio is currently 133.02%.

Insider Transactions at Regency Centers

In other news, CEO Lisa Palmer sold 25,000 shares of Regency Centers stock in a transaction that occurred on 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 sale, the chief executive officer now 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers 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 directly owns 110,263 shares of the company’s stock, valued at approximately $8,102,125.24. This trade represents a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,000 shares of company stock worth $6,977,500. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Regency Centers

Several hedge funds and other institutional investors have recently bought and sold shares of REG. Heck Capital Advisors LLC purchased a new stake in shares of Regency Centers during the fourth quarter valued at about $26,000. National Pension Service bought a new position in shares of Regency Centers during the 4th quarter worth approximately $27,000. TD Waterhouse Canada Inc. lifted its position in Regency Centers by 48,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company’s stock valued at $36,000 after acquiring an additional 487 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in Regency Centers in the fourth quarter valued at approximately $39,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Regency Centers during the 4th quarter valued at $53,000. Institutional investors 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.