Regency Centers (NASDAQ:REG) Price Target Cut to $75.00 by Analysts at Scotiabank

Regency Centers (NASDAQ:REG - Get Free Report) had its price objective cut by equities research analysts at Scotiabank from $76.00 to $75.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "sector perform" rating on the stock. Scotiabank's price target would indicate a potential upside of 2.22% from the stock's previous close.

Separately, Wells Fargo & Company dropped their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $78.00.

Regency Centers Trading Up 1.4%

NASDAQ:REG traded up $0.99 on Monday, reaching $73.37. 134,710 shares of the stock traded hands, compared to its average volume of 1,038,935. The firm has a market capitalization of $13.32 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 3.75 and a beta of 1.02. The company's 50 day moving average is $71.61 and its 200-day moving average is $72.74. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. Regency Centers has a 1-year low of $58.19 and a 1-year high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.14 by $0.01. The company had revenue of $370.35 million during the quarter, compared to the consensus estimate 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 last year, the firm posted $1.08 EPS. Equities research analysts anticipate that Regency Centers will post 4.54 EPS for the current fiscal year.

Insider Buying and Selling at Regency Centers

In related news, CEO Lisa Palmer sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the completion of the transaction, the chief executive officer now owns 139,923 shares in the company, valued at $10,250,758.98. This represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the sale, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. The trade was a 27.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,000 shares of company stock worth $6,977,500. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Regency Centers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new stake in shares of Regency Centers in the first quarter worth $25,000. Heck Capital Advisors LLC bought a new position in Regency Centers in the fourth quarter valued at about $26,000. National Pension Service bought a new position in Regency Centers in the fourth quarter valued at 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 valued at $36,000 after acquiring an additional 487 shares during the period. Finally, Sentry Investment Management LLC bought a new position in shares of Regency Centers in the first quarter worth about $38,000. 96.07% of the stock is 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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