Regency Centers (NASDAQ:REG) Lowered to Sell Rating 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 report issued on Saturday.

REG has been the subject of several other reports. Wells Fargo & Company cut their target price 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. 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 report on Monday, May 19th. Finally, Scotiabank cut their target price on shares of 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $78.08.

Regency Centers Trading Down 1.1%

Regency Centers stock opened at $70.25 on Friday. The stock has a market cap of $12.75 billion, a P/E ratio of 33.14, a PEG ratio of 3.75 and a beta of 1.01. Regency Centers has a fifty-two week low of $60.64 and a fifty-two week high of $78.18. The firm's fifty day moving average price is $71.55 and its 200-day moving average price is $72.53. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85.

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 for the quarter, topping the consensus estimate of $1.14 by $0.01. The firm had revenue of $370.35 million for the quarter, compared to analysts' expectations of $364.64 million. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. During the same quarter in the prior year, the firm posted $1.08 earnings per share. Equities research analysts forecast that Regency Centers will post 4.54 earnings per share for the current fiscal year.

Insider Activity

In other 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 completion of the sale, the insider now directly owns 33,069 shares in the company, valued at approximately $2,395,518.36. This represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

Institutional Trading of Regency Centers

Institutional investors have recently modified their holdings of the company. Wayfinding Financial LLC purchased a new stake in Regency Centers in the first quarter worth about $25,000. Heck Capital Advisors LLC purchased a new stake in Regency Centers in the fourth quarter worth about $26,000. National Pension Service purchased a new stake in Regency Centers in the fourth quarter worth about $27,000. TD Waterhouse Canada Inc. lifted its holdings in Regency Centers by 48,700.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after buying an additional 487 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Regency Centers by 42.3% in the first 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 period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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.

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