Regency Centers (NASDAQ:REG) Stock Price Up 1.3% – Time to Buy?

Regency Centers Co. (NASDAQ:REG)’s stock price shot up 1.3% on Monday . The stock traded as high as $72.52 and last traded at $72.46. 214,922 shares were traded during trading, a decline of 79% from the average session volume of 1,001,942 shares. The stock had previously closed at $71.50.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BTIG Research boosted their price objective on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Mizuho upped their price target on shares of Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Evercore ISI dropped their price objective on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Finally, Wells Fargo & Company reduced their target price on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and an average target price of $78.08.

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 company has a fifty day moving average price of $72.97 and a two-hundred day moving average price of $73.00. The company has a market cap of $13.11 billion, a P/E ratio of 34.11, a PEG ratio of 3.75 and a beta of 1.23.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating 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, 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 company 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 yield of 3.90%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is currently 133.02%.

Insider Buying and Selling at Regency Centers

In related news, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders sold a total of 95,000 shares of company stock worth $6,977,500 over the last quarter. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Regency Centers

Large investors have recently modified their holdings of the stock. Heck Capital Advisors LLC acquired a new position in Regency Centers in the 4th quarter valued at about $26,000. National Pension Service bought a new stake in shares of Regency Centers during the fourth quarter worth approximately $27,000. TD Waterhouse Canada Inc. grew its position in shares of Regency Centers by 48,700.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company’s stock valued at $36,000 after purchasing an additional 487 shares during the last quarter. Canada Post Corp Registered Pension Plan bought a new position in shares of Regency Centers during the fourth quarter worth approximately $39,000. Finally, Ameriflex Group Inc. acquired a new stake in Regency Centers during the 4th quarter worth approximately $53,000. 96.07% of the stock is owned by institutional investors.

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.