Regency Centers Co. (NASDAQ:REG) Receives $78.00 Average PT from Brokerages

Shares of Regency Centers Co. (NASDAQ:REG) have been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat reports. Three 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 company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $78.00.

Several equities analysts have weighed in on the stock. Mizuho lifted 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 target on 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. Finally, Wells Fargo & Company reduced their price target on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th.

Regency Centers Stock Performance

REG opened at $69.40 on Friday. The company’s 50 day moving average is $72.66 and its 200 day moving average is $72.70. The company has a market cap of $12.60 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 3.75 and a beta of 1.03. Regency Centers has a 12-month low of $56.51 and a 12-month high of $78.18. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66.

Regency Centers (NASDAQ:REG) last released its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate 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, equities research analysts predict that Regency Centers will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a $0.705 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 4.06%. Regency Centers’s dividend payout ratio (DPR) is presently 133.02%.

Insider Buying and Selling

In other news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the transaction, the chairman now owns 110,263 shares of the company’s stock, valued at approximately $8,102,125.24. This represents a 31.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction 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 directly owns 54,020 shares in the company, valued at $3,975,872. This trade represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,000 shares of company stock valued at $6,977,500. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Regency Centers

Institutional investors have recently bought and sold shares of the company. State of Wyoming boosted its holdings in Regency Centers by 11.3% in the fourth quarter. State of Wyoming now owns 1,543 shares of the company’s stock worth $114,000 after acquiring an additional 157 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Regency Centers by 4.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company’s stock worth $286,000 after buying an additional 163 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Regency Centers by 3.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company’s stock worth $356,000 after buying an additional 164 shares during the period. Greenleaf Trust grew its holdings in shares of Regency Centers by 3.8% during the fourth quarter. Greenleaf Trust now owns 4,735 shares of the company’s stock valued at $350,000 after buying an additional 172 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Regency Centers by 27.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company’s stock valued at $74,000 after acquiring an additional 219 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.