Regency Centers (NASDAQ:REG) Stock Rating Lowered by Wall Street Zen

Regency Centers (NASDAQ:REG - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

REG has been the subject of several other reports. Barclays began coverage on Regency Centers in a report on Wednesday, July 2nd. They set an "equal weight" rating and a $77.00 target price on the stock. Scotiabank lowered their price objective on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. Truist Financial upped their target price on Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a report on Monday, May 19th. Finally, Wells Fargo & Company lowered their price target 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Regency Centers currently has a consensus rating of "Moderate Buy" and an average price target of $78.00.

Regency Centers Trading Down 1.2%

Shares of REG stock traded down $0.87 during mid-day trading on Friday, reaching $69.92. 1,095,582 shares of the stock traded hands, compared to its average volume of 1,062,712. The stock's fifty day simple moving average is $71.67 and its two-hundred day simple moving average is $72.07. Regency Centers has a 1-year low of $61.34 and a 1-year high of $78.18. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.70. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 3.45 and a beta of 1.00.

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 analysts' consensus estimates of $1.14 by $0.01. The firm had revenue of $370.35 million for the quarter, compared to analyst estimates of $364.64 million. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. During the same period in the previous year, the firm posted $1.08 EPS. On average, research analysts anticipate that Regency Centers will post 4.54 EPS for the current fiscal year.

Insider Activity at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total value of $301,205.52. Following the transaction, the insider directly owned 33,069 shares in the company, valued at $2,395,518.36. This trade represents a 11.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Regency Centers

A number of hedge funds and other institutional investors have recently made changes to their positions in REG. Wayfinding Financial LLC purchased a new position in Regency Centers in the 1st quarter valued at approximately $25,000. Heck Capital Advisors LLC bought a new position in Regency Centers in the fourth quarter valued at $26,000. TD Waterhouse Canada Inc. raised its position in Regency Centers by 48,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 487 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Regency Centers by 42.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock valued at $37,000 after purchasing an additional 150 shares during the last quarter. Finally, Sentry Investment Management LLC bought a new stake in shares of Regency Centers in the 1st quarter worth approximately $38,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

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.