Wells Fargo & Company Has Lowered Expectations for Regency Centers (NASDAQ:REG) Stock Price

Regency Centers (NASDAQ:REG) had its target price cut by investment analysts at Wells Fargo & Company from $80.00 to $79.00 in a report issued on Wednesday, Marketbeat.com reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 9.13% from the company’s previous close.

REG has been the topic of several other research reports. Evercore ISI lowered their price target on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. BTIG Research upped their target price on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Mizuho raised their price target on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $78.00.

Regency Centers Stock Performance

NASDAQ REG opened at $72.39 on Wednesday. Regency Centers has a 52-week low of $56.51 and a 52-week high of $78.18. The firm has a market capitalization of $13.13 billion, a price-to-earnings ratio of 34.15, a P/E/G ratio of 3.75 and a beta of 1.23. The company’s fifty day moving average is $73.08 and its two-hundred day moving average is $72.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. Equities research analysts forecast that Regency Centers will post 4.54 EPS for the current year.

Insiders Place Their Bets

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total value of $3,674,000.00. Following the completion of the transaction, the chairman now directly owns 110,263 shares of the company’s stock, valued at approximately $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the sale, the chief financial officer now directly owns 54,020 shares in the company, valued at $3,975,872. This trade represents a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Regency Centers

Several institutional investors and hedge funds have recently added to or reduced their stakes in REG. Sanctuary Advisors LLC grew its position in shares of Regency Centers by 104.1% during the 4th quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company’s stock worth $1,442,000 after buying an additional 10,221 shares during the period. Pacer Advisors Inc. boosted its stake in Regency Centers by 196.1% in the fourth quarter. Pacer Advisors Inc. now owns 36,245 shares of the company’s stock valued at $2,680,000 after acquiring an additional 24,003 shares during the last quarter. HighTower Advisors LLC grew its holdings in Regency Centers by 47.3% during the 3rd quarter. HighTower Advisors LLC now owns 29,342 shares of the company’s stock worth $2,121,000 after acquiring an additional 9,424 shares during the period. Royal London Asset Management Ltd. raised its position in shares of Regency Centers by 9.3% during the 3rd quarter. Royal London Asset Management Ltd. now owns 105,433 shares of the company’s stock valued at $7,615,000 after acquiring an additional 8,959 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Regency Centers in the 3rd quarter valued at $953,000. 96.07% of the stock is 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.