Regency Centers Co. (NASDAQ:REG) Given Consensus Rating of "Moderate Buy" by Analysts

Regency Centers Co. (NASDAQ:REG - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $78.00.

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A number of brokerages have recently issued reports on REG. Wells Fargo & Company cut their price target on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Evercore ISI reduced their price target on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a research report on Tuesday, December 24th. Finally, Mizuho upped their price target on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th.

Check Out Our Latest Stock Report on REG

Regency Centers Stock Down 1.8 %

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Regency Centers stock opened at $68.42 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average of $72.70 and a two-hundred day moving average of $72.70. Regency Centers has a twelve month low of $56.51 and a twelve month high of $78.18. The stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 3.75 and a beta of 1.03.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. As a group, research analysts expect that Regency Centers will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Wednesday, March 12th. Regency Centers's payout ratio is currently 133.02%.

Insider Activity at Regency Centers

In other news, CEO Lisa Palmer sold 25,000 shares of Regency Centers stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total value of $1,831,500.00. Following the completion of the sale, the chief executive officer now owns 139,923 shares of the company's stock, valued at $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now 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. In the last quarter, insiders sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Regency Centers

Institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC grew its stake in shares of Regency Centers by 47.3% during the 3rd quarter. HighTower Advisors LLC now owns 29,342 shares of the company's stock valued at $2,121,000 after buying an additional 9,424 shares during the period. Quantinno Capital Management LP boosted its holdings in Regency Centers by 25.0% in the third quarter. Quantinno Capital Management LP now owns 16,760 shares of the company's stock valued at $1,211,000 after acquiring an additional 3,352 shares during the last quarter. MML Investors Services LLC grew its position in Regency Centers by 14.7% during the third quarter. MML Investors Services LLC now owns 9,817 shares of the company's stock valued at $709,000 after acquiring an additional 1,258 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Regency Centers during the third quarter worth about $953,000. Finally, M&T Bank Corp raised its holdings in shares of Regency Centers by 2.2% in the 3rd quarter. M&T Bank Corp now owns 27,796 shares of the company's stock worth $2,008,000 after purchasing an additional 595 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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