Regency Centers Corporation (NASDAQ:REG - Get Free Report) has received a consensus rating of "Moderate Buy" from the twelve brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $78.08.
Several research analysts recently issued reports on the stock. Truist Financial upped their price target on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. 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 research report on Wednesday, March 26th. Wall Street Zen downgraded shares of Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Finally, Scotiabank reduced their price target on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a research report on Monday, May 12th.
Read Our Latest Report on REG
Insider Activity
In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total value of $301,205.52. Following the completion of the sale, the insider now directly owns 33,069 shares of the company's stock, valued at $2,395,518.36. This represents a 11.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.
Institutional Trading of Regency Centers
Institutional investors and hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC increased its stake in Regency Centers by 104.1% during the 4th quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company's stock worth $1,442,000 after purchasing an additional 10,221 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Regency Centers during the 4th quarter worth approximately $1,499,000. Farther Finance Advisors LLC increased its stake in Regency Centers by 43.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,435 shares of the company's stock worth $106,000 after purchasing an additional 432 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Regency Centers by 8.6% during the 4th quarter. Ameriprise Financial Inc. now owns 59,776 shares of the company's stock worth $4,431,000 after purchasing an additional 4,734 shares in the last quarter. Finally, CX Institutional bought a new stake in Regency Centers during the 1st quarter worth approximately $122,000. 96.07% of the stock is owned by institutional investors.
Regency Centers Price Performance
Shares of REG traded down $1.63 during trading hours on Wednesday, hitting $70.03. The stock had a trading volume of 1,049,242 shares, compared to its average volume of 1,056,070. The company's fifty day moving average is $71.82 and its two-hundred day moving average is $72.31. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. Regency Centers has a 52 week low of $60.64 and a 52 week high of $78.18. The stock has a market capitalization of $12.71 billion, a price-to-earnings ratio of 33.03, a P/E/G ratio of 3.49 and a beta of 1.01.
Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.01. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. The business had revenue of $370.35 million for the quarter, compared to analyst estimates of $364.64 million. During the same quarter in the prior year, the firm earned $1.08 EPS. On average, analysts anticipate that Regency Centers will post 4.54 EPS for the current year.
Regency Centers Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be paid a $0.705 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.03%. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.
About Regency Centers
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Get Free ReportRegency 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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