Regency Centers Co. (NASDAQ:REG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Regency Centers Co. (NASDAQ:REG) have been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $78.08.

A number of research analysts have issued reports on REG shares. Mizuho upped their price objective on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. BTIG Research upped their price objective on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Wells Fargo & Company reduced 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. Finally, Evercore ISI reduced their price objective 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.

Regency Centers Trading Up 1.0 %

Shares of Regency Centers stock opened at $71.07 on Monday. The stock has a fifty day simple moving average of $72.81 and a 200 day simple moving average of $73.03. Regency Centers has a 12-month low of $56.51 and a 12-month high of $78.18. The company has a market capitalization of $12.89 billion, a P/E ratio of 33.52, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23. 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 announced its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping 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, sell-side analysts anticipate that Regency Centers will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is currently 133.02%.

Insiders Place Their Bets

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total value of $1,831,500.00. Following the completion of the transaction, the chief executive officer now owns 139,923 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total value of $3,674,000.00. Following the completion of 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 disclosure for this sale can be found here. Insiders sold a total of 95,000 shares of company stock worth $6,977,500 in the last quarter. 1.00% of the stock is owned by company insiders.

Institutional Trading of Regency Centers

A number of large investors have recently modified their holdings of REG. Norges Bank bought a new stake in shares of Regency Centers during the 4th quarter valued at about $1,262,425,000. Invesco Ltd. boosted its position in shares of Regency Centers by 121.2% during the 4th quarter. Invesco Ltd. now owns 5,374,450 shares of the company’s stock valued at $397,333,000 after acquiring an additional 2,944,854 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Regency Centers by 1,138.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company’s stock valued at $149,932,000 after acquiring an additional 1,908,153 shares during the last quarter. Northern Trust Corp boosted its position in shares of Regency Centers by 64.1% during the 4th quarter. Northern Trust Corp now owns 2,781,614 shares of the company’s stock valued at $205,645,000 after acquiring an additional 1,086,797 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Regency Centers by 51.7% during the 4th quarter. Prudential Financial Inc. now owns 2,155,589 shares of the company’s stock valued at $159,363,000 after acquiring an additional 734,210 shares during the last quarter. 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.