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

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

REG has been the topic of several other research reports. Barclays assumed coverage on Regency Centers in a research report on Wednesday, July 2nd. They set an "equal weight" rating and a $77.00 target price on the stock. Scotiabank dropped 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. Wells Fargo & Company cut their target price on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Finally, Truist Financial upped their target price on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $78.00.

Regency Centers Trading Down 0.5%

Shares of NASDAQ REG traded down $0.36 during trading on Friday, reaching $69.56. The company had a trading volume of 991,590 shares, compared to its average volume of 1,063,717. The company's fifty day moving average price is $71.63 and its 200-day moving average price is $72.05. 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 stock has a market cap of $12.63 billion, a P/E ratio of 32.81, a PEG ratio of 3.41 and a beta of 1.00. Regency Centers has a 12 month low of $61.64 and a 12 month high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) 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 firm had revenue of $370.35 million during the quarter, compared to analyst estimates of $364.64 million. During the same quarter last year, the business earned $1.08 EPS. As a group, research analysts expect that Regency Centers will post 4.54 earnings per share for the current year.

Insider Activity

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total transaction of $301,205.52. Following the sale, the insider directly owned 33,069 shares of the company's stock, valued at approximately $2,395,518.36. This represents a 11.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Regency Centers

A number of institutional investors have recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in shares of Regency Centers in the 1st quarter worth $25,000. Heck Capital Advisors LLC bought a new stake in Regency Centers in the 4th quarter worth about $26,000. TD Waterhouse Canada Inc. increased its holdings in Regency Centers by 48,700.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after buying an additional 487 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in Regency Centers by 42.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock worth $37,000 after buying an additional 150 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new position in Regency Centers during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

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.