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

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

A number of other research firms have also recently weighed in on REG. Truist Financial increased their price objective 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 lowered their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Barclays assumed coverage on shares of Regency Centers in a research report on Wednesday. They set an "equal weight" rating and a $77.00 price objective for the company. Finally, Scotiabank reduced their target price on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $78.00.

Regency Centers Trading Down 0.0%

Shares of Regency Centers stock traded down $0.01 during mid-day trading on Friday, hitting $70.80. The stock had a trading volume of 684,262 shares, compared to its average volume of 1,060,930. The firm has a 50-day moving average of $71.71 and a two-hundred day moving average of $72.10. Regency Centers has a 12-month low of $61.34 and a 12-month 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 firm has a market cap of $12.85 billion, a P/E ratio of 33.39, 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 quarterly earnings data 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 during the quarter, compared to analysts' expectations of $364.64 million. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. During the same quarter last year, the company posted $1.08 EPS. Sell-side analysts forecast that Regency Centers will post 4.54 earnings per share for the current year.

Insider Buying and Selling at Regency Centers

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total value of $301,205.52. Following the sale, the insider directly owned 33,069 shares in the company, valued at approximately $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 can be accessed through this link. Insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On Regency Centers

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wayfinding Financial LLC acquired a new stake in Regency Centers during the 1st quarter worth $25,000. Heck Capital Advisors LLC acquired a new stake in Regency Centers during the 4th quarter worth $26,000. TD Waterhouse Canada Inc. raised its stake in Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after acquiring an additional 487 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Regency Centers by 42.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock worth $37,000 after acquiring an additional 150 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in Regency Centers during the 1st quarter worth $38,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.