Regency Centers Corp (NYSE:REG) Director Thomas G. Wattles sold 2,073 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $65.47, for a total transaction of $135,719.31. Following the completion of the transaction, the director now owns 49,085 shares in the company, valued at approximately $3,213,594.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Regency Centers stock traded up $0.54 on Monday, hitting $65.73. The stock had a trading volume of 626,940 shares, compared to its average volume of 856,138. The stock’s 50-day simple moving average is $66.49 and its two-hundred day simple moving average is $66.51. Regency Centers Corp has a one year low of $55.50 and a one year high of $70.26. The stock has a market cap of $10.92 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 2.50 and a beta of 0.37. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.57.
Regency Centers (NYSE:REG) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.01). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The business had revenue of $268.43 million during the quarter, compared to analysts’ expectations of $271.87 million. During the same period in the previous year, the business earned $0.28 EPS. As a group, equities analysts predict that Regency Centers Corp will post 3.78 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in Regency Centers by 14.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,519 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 194 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in Regency Centers by 1.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 17,805 shares of the real estate investment trust’s stock worth $1,188,000 after acquiring an additional 204 shares during the period. ETF Managers Group LLC lifted its stake in Regency Centers by 9.0% in the first quarter. ETF Managers Group LLC now owns 2,473 shares of the real estate investment trust’s stock worth $167,000 after acquiring an additional 205 shares during the period. Advisor Partners LLC lifted its stake in Regency Centers by 4.6% in the first quarter. Advisor Partners LLC now owns 4,975 shares of the real estate investment trust’s stock worth $336,000 after acquiring an additional 218 shares during the period. Finally, Conning Inc. lifted its stake in Regency Centers by 5.5% in the first quarter. Conning Inc. now owns 4,221 shares of the real estate investment trust’s stock worth $285,000 after acquiring an additional 220 shares during the period. 93.87% of the stock is owned by institutional investors.
Several research analysts have recently issued reports on the stock. Citigroup set a $76.00 target price on shares of Regency Centers and gave the stock a “buy” rating in a report on Monday, May 20th. Compass Point assumed coverage on shares of Regency Centers in a report on Thursday. They issued a “neutral” rating and a $67.00 target price on the stock. BMO Capital Markets set a $64.00 target price on shares of Regency Centers and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, Scotiabank upgraded shares of Regency Centers from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $68.00 to $72.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $69.12.
Regency Centers Company Profile
Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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.
Receive News & Ratings for Regency Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regency Centers and related companies with MarketBeat.com's FREE daily email newsletter.