Regency Centers Co. (NASDAQ:REG) Given Average Rating of “Moderate Buy” by Analysts

Regency Centers Co. (NASDAQ:REG) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $76.20.

A number of equities research analysts recently weighed in on REG shares. Scotiabank lifted their price objective on shares of Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and lifted their price objective for the company from $70.00 to $75.00 in a report on Thursday, September 26th. JPMorgan Chase & Co. lifted their price objective on shares of Regency Centers from $71.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Compass Point boosted their price target on shares of Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Raymond James boosted their price target on shares of Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, August 16th.

Insider Activity at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the transaction, the chairman now directly owns 307,199 shares in the company, valued at $21,503,930. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the transaction, the vice president now directly owns 13,010 shares in the company, valued at approximately $905,105.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the transaction, the chairman now directly owns 307,199 shares in the company, valued at approximately $21,503,930. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Regency Centers

Several hedge funds and other institutional investors have recently modified their holdings of REG. Assenagon Asset Management S.A. increased its position in Regency Centers by 3.3% during the second quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock worth $295,000 after purchasing an additional 152 shares during the last quarter. Azzad Asset Management Inc. ADV increased its position in Regency Centers by 4.3% during the third quarter. Azzad Asset Management Inc. ADV now owns 4,543 shares of the company’s stock worth $328,000 after purchasing an additional 189 shares during the last quarter. Naviter Wealth LLC increased its position in Regency Centers by 2.0% during the first quarter. Naviter Wealth LLC now owns 10,901 shares of the company’s stock worth $667,000 after purchasing an additional 218 shares during the last quarter. V Square Quantitative Management LLC increased its position in Regency Centers by 7.6% during the second quarter. V Square Quantitative Management LLC now owns 3,829 shares of the company’s stock worth $238,000 after purchasing an additional 269 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in Regency Centers by 0.3% during the first quarter. State of Alaska Department of Revenue now owns 104,027 shares of the company’s stock worth $6,298,000 after purchasing an additional 305 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Stock Performance

Shares of NASDAQ:REG opened at $72.00 on Friday. Regency Centers has a 52 week low of $56.51 and a 52 week high of $75.26. The stock has a market capitalization of $13.30 billion, a P/E ratio of 35.12, a PEG ratio of 4.43 and a beta of 1.21. The firm has a fifty day simple moving average of $71.80 and a two-hundred day simple moving average of $65.16. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.48). Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. The business had revenue of $357.25 million during the quarter, compared to analysts’ expectations of $361.56 million. During the same period in the previous year, the business earned $1.03 earnings per share. On average, analysts expect that Regency Centers will post 4.24 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Thursday, September 12th. Regency Centers’s dividend payout ratio is currently 130.73%.

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.