Regency Centers (NASDAQ:REG) Stock Price Up 3.3% – Still a Buy?

Regency Centers Co. (NASDAQ:REG)’s share price rose 3.3% during mid-day trading on Tuesday . The stock traded as high as $74.25 and last traded at $74.15. Approximately 85,415 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 1,078,391 shares. The stock had previously closed at $71.75.

Analyst Ratings Changes

REG has been the topic of a number of research reports. Evercore ISI raised shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Wells Fargo & Company boosted their price objective on shares of Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. increased their target price on shares of Regency Centers from $71.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Mizuho boosted their price target on Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a “buy” rating to a “hold” rating and raised their price objective for the stock from $70.00 to $75.00 in a research report on Thursday, September 26th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $76.55.

Regency Centers Price Performance

The company has a 50-day moving average of $72.13 and a 200 day moving average of $66.01. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $13.19 billion, a P/E ratio of 34.13, a P/E/G ratio of 4.42 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. The company had revenue of $360.27 million for the quarter, compared to the consensus estimate of $355.17 million. During the same period in the previous year, the business posted $1.02 earnings per share. On average, sell-side analysts anticipate that Regency Centers Co. will post 4.24 EPS for the current year.

Insider Buying and Selling at Regency Centers

In other news, VP Michael R. Herman sold 1,000 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 13,010 shares of the company’s stock, valued at approximately $905,105.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $69.57, for a total value of $69,570.00. Following the transaction, the vice president now owns 13,010 shares of the company’s stock, valued at approximately $905,105.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the firm’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 sale, the chairman now owns 307,199 shares of the company’s stock, valued at approximately $21,503,930. This trade 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

Large investors have recently modified their holdings of the stock. Fidelis Capital Partners LLC bought a new position in Regency Centers in the 1st quarter worth approximately $27,000. Quest Partners LLC raised its position in shares of Regency Centers by 25,250.0% during the second quarter. Quest Partners LLC now owns 507 shares of the company’s stock worth $32,000 after acquiring an additional 505 shares during the last quarter. Family Firm Inc. bought a new stake in shares of Regency Centers during the second quarter worth $44,000. Blue Trust Inc. lifted its stake in shares of Regency Centers by 582.1% during the second quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after acquiring an additional 716 shares during the period. Finally, EntryPoint Capital LLC bought a new position in Regency Centers in the first quarter valued at about $52,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.