Regency Centers Co. (NASDAQ:REG) Receives Average Rating of "Moderate Buy" from Analysts

Regency Centers Co. (NASDAQ:REG - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Three research 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 target price among brokerages that have issued a report on the stock in the last year is $78.08.

Several research analysts have recently weighed in on REG shares. Scotiabank reduced their price target on shares of Regency Centers from $80.00 to $76.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Mizuho upped their target price on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company dropped their price target on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th.

Insider Buying and Selling

In related news, CFO Michael J. Mas sold 20,000 shares of the business's stock in a transaction dated 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 sale, the chief financial officer now owns 54,020 shares of the company's stock, valued at $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction, the chief executive officer now owns 139,923 shares of the company's stock, valued at $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 have sold a total of 95,000 shares of company stock worth $6,977,500 in the last 90 days. 1.00% of the stock is owned by company insiders.

Institutional Trading of Regency Centers

A number of large investors have recently made changes to their positions in REG. Wayfinding Financial LLC bought a new stake in Regency Centers during the first quarter valued at approximately $25,000. Heck Capital Advisors LLC purchased a new position in shares of Regency Centers during the 4th quarter worth $26,000. National Pension Service purchased a new position in shares of Regency Centers during the 4th quarter worth $27,000. TD Waterhouse Canada Inc. grew its position in shares of Regency Centers by 48,700.0% during the 4th 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 period. Finally, Sentry Investment Management LLC purchased a new stake in shares of Regency Centers in the 1st quarter worth $38,000. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Stock Performance

Regency Centers stock opened at $72.48 on Tuesday. The stock has a 50-day simple moving average of $71.97 and a 200 day simple moving average of $72.74. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 34.19, a P/E/G ratio of 3.75 and a beta of 1.02. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. Regency Centers has a 12-month low of $58.19 and a 12-month high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.01. The firm had revenue of $370.35 million during the quarter, compared to analyst estimates of $364.64 million. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. During the same quarter in the previous year, the business earned $1.08 EPS. On average, research analysts anticipate that Regency Centers will post 4.54 earnings per share for the current fiscal year.

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.

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