Wall Street Zen Downgrades Regency Centers (NASDAQ:REG) to Sell

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 report issued to clients and investors on Saturday.

REG has been the subject of several other research reports. Wells Fargo & Company lowered their price target on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Scotiabank reduced their price objective on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. Finally, Truist Financial lifted their price objective on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $78.08.

Regency Centers Stock Down 0.4%

Shares of REG traded down $0.26 during trading hours on Friday, hitting $70.14. The company had a trading volume of 1,390,884 shares, compared to its average volume of 1,056,954. The firm has a fifty day moving average price of $71.66 and a 200-day moving average price of $72.43. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $12.73 billion, a price-to-earnings ratio of 33.09, a P/E/G ratio of 3.43 and a beta of 1.01. Regency Centers has a 52-week low of $60.64 and a 52-week high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last posted 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. The firm had revenue of $370.35 million during the quarter, compared to analyst estimates of $364.64 million. Regency Centers had a return on equity of 5.98% and a net margin of 27.21%. During the same quarter in the previous year, the firm earned $1.08 EPS. On average, equities research analysts forecast that Regency Centers will post 4.54 EPS for the current fiscal year.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was 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 $2,395,518.36. The trade was a 11.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On Regency Centers

Large investors have recently made changes to their positions in the company. Empowered Funds LLC bought a new position in shares of Regency Centers during the 4th quarter valued at approximately $395,000. Principal Securities Inc. grew its stake in shares of Regency Centers by 29.0% during the 4th quarter. Principal Securities Inc. now owns 1,360 shares of the company's stock valued at $101,000 after acquiring an additional 306 shares during the period. Sheaff Brock Investment Advisors LLC bought a new position in shares of Regency Centers during the 4th quarter valued at approximately $634,000. Principal Financial Group Inc. grew its stake in shares of Regency Centers by 4.2% during the 4th quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company's stock valued at $678,873,000 after acquiring an additional 366,427 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Regency Centers during the 4th quarter valued at approximately $54,000. 96.07% of the stock is currently owned by 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.