Regency Centers Co. (NASDAQ:REG) Short Interest Update

Regency Centers Co. (NASDAQ:REG) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 2,640,000 shares, an increase of 19.5% from the September 30th total of 2,210,000 shares. Based on an average daily volume of 957,500 shares, the short-interest ratio is presently 2.8 days.

Wall Street Analyst Weigh In

REG has been the topic of a number of recent analyst reports. KeyCorp started coverage on Regency Centers in a research report on Friday, October 25th. They set an “overweight” rating and a $80.00 price target on the stock. Truist Financial raised their price target on Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Wells Fargo & Company upped their price objective on shares of Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Mizuho upped their target price on Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Finally, Compass Point upped their target price on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Regency Centers currently has an average rating of “Moderate Buy” and a consensus target price of $76.55.

Insider Buying and Selling at Regency Centers

In other news, VP Michael R. Herman sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Michael R. Herman sold 1,000 shares of Regency Centers 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the transaction, the chairman now directly owns 307,199 shares in the company, valued at approximately $21,503,930. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Regency Centers by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company’s stock valued at $1,749,520,000 after buying an additional 830,572 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Regency Centers by 10.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company’s stock worth $547,995,000 after buying an additional 873,062 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Regency Centers by 4.2% during the second quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company’s stock valued at $555,009,000 after buying an additional 357,091 shares in the last quarter. Boston Partners lifted its position in shares of Regency Centers by 4.1% in the first quarter. Boston Partners now owns 4,192,951 shares of the company’s stock worth $253,902,000 after buying an additional 166,354 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Regency Centers by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,641,921 shares of the company’s stock worth $164,327,000 after acquiring an additional 117,368 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

NASDAQ REG traded up $0.23 during trading hours on Wednesday, reaching $72.66. The company’s stock had a trading volume of 1,406,989 shares, compared to its average volume of 1,086,318. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. Regency Centers has a fifty-two week low of $56.51 and a fifty-two week high of $75.26. The company’s 50-day moving average is $72.09 and its two-hundred day moving average is $65.97. The stock has a market cap of $13.19 billion, a PE ratio of 34.00, a PEG ratio of 4.42 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). The business had revenue of $360.27 million for the quarter, compared to analysts’ expectations of $355.17 million. Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. During the same period in the prior year, the company earned $1.02 EPS. Analysts forecast that Regency Centers will post 4.24 EPS for the current year.

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.