Regency Centers (NASDAQ:REG) Rating Lowered to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Regency Centers (NASDAQ:REG) from a hold rating to a sell rating in a research note published on Saturday morning.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company dropped their price objective on Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Scotiabank dropped their price objective on Regency Centers from $76.00 to $75.00 and set a “sector perform” rating on the stock in a report on Monday, May 12th. Finally, Truist Financial lifted their price objective on Regency Centers from $78.00 to $79.00 and gave the stock a “buy” rating in a report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.08.

Regency Centers Stock Performance

NASDAQ REG opened at $70.25 on Friday. The firm has a market capitalization of $12.75 billion, a P/E ratio of 33.14, a P/E/G ratio of 3.75 and a beta of 1.01. Regency Centers has a 1-year low of $60.64 and a 1-year high of $78.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The business’s 50-day simple moving average is $71.55 and its 200-day simple moving average is $72.51.

Regency Centers (NASDAQ:REG) last announced its earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.14 by $0.01. The business had revenue of $370.35 million for the quarter, compared to the consensus estimate of $364.64 million. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. During the same period last year, the business posted $1.08 EPS. Equities analysts predict that Regency Centers will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be paid a dividend of $0.705 per share. The ex-dividend date is Wednesday, June 11th. This represents a $2.82 annualized dividend and a dividend yield of 4.01%. Regency Centers’s dividend payout ratio (DPR) is presently 133.02%.

Insider Transactions at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total transaction of $301,205.52. Following the completion of the transaction, the insider now owns 33,069 shares of the company’s stock, valued at approximately $2,395,518.36. The trade was a 11.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Regency Centers

Several large investors have recently added to or reduced their stakes in REG. Wayfinding Financial LLC acquired a new position in shares of Regency Centers in the 1st quarter worth approximately $25,000. Heck Capital Advisors LLC acquired a new position in shares of Regency Centers in the 4th quarter worth approximately $26,000. National Pension Service acquired a new position in shares of Regency Centers in the 4th quarter worth approximately $27,000. TD Waterhouse Canada Inc. raised its holdings in shares of Regency Centers by 48,700.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company’s stock worth $36,000 after buying an additional 487 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Regency Centers by 42.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company’s stock worth $37,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.