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

Shares of Regency Centers Co. (NASDAQ:REG - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $78.08.

REG has been the topic of several recent research reports. Scotiabank lowered their target price on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. Truist Financial raised their target price on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Finally, Wells Fargo & Company dropped their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th.

Insiders Place Their Bets

In other news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the chairman now directly owns 110,263 shares of the company's stock, valued at approximately $8,102,125.24. The trade was a 31.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total transaction of $301,205.52. Following the completion of the sale, the insider now directly owns 33,069 shares in the company, valued at approximately $2,395,518.36. This represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On Regency Centers

Institutional investors have recently added to or reduced their stakes in the business. Strs Ohio acquired a new position in shares of Regency Centers in the 1st quarter valued at $5,503,000. Intrua Financial LLC purchased a new stake in Regency Centers in the first quarter valued at $460,000. Intech Investment Management LLC boosted its stake in Regency Centers by 47.6% in the first quarter. Intech Investment Management LLC now owns 20,011 shares of the company's stock valued at $1,476,000 after acquiring an additional 6,451 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Regency Centers by 81.5% during the first quarter. Jane Street Group LLC now owns 8,247 shares of the company's stock worth $608,000 after purchasing an additional 3,702 shares during the last quarter. Finally, SCS Capital Management LLC acquired a new stake in shares of Regency Centers during the first quarter worth about $2,139,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Regency Centers Price Performance

Regency Centers stock traded down $0.63 during midday trading on Friday, reaching $71.76. The company had a trading volume of 2,067,620 shares, compared to its average volume of 1,054,657. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. Regency Centers has a 12-month low of $60.00 and a 12-month high of $78.18. The company has a market capitalization of $13.03 billion, a P/E ratio of 33.85, a P/E/G ratio of 3.75 and a beta of 1.02. The firm's fifty day simple moving average is $71.52 and its 200-day simple moving average is $72.70.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.14 by $0.01. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. The firm had revenue of $370.35 million during the quarter, compared to analysts' expectations of $364.64 million. During the same period in the previous year, the business earned $1.08 earnings per share. As a group, equities analysts anticipate 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 will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be given a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 3.93%. The ex-dividend date is Wednesday, June 11th. Regency Centers's dividend payout ratio is currently 133.02%.

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.