Regency Centers Corp (NYSE:REG) was the target of some unusual options trading on Monday. Stock investors acquired 1,050 call options on the company. This represents an increase of approximately 1,680% compared to the average volume of 59 call options.
Regency Centers (REG) opened at $58.04 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.94 and a quick ratio of 0.63. Regency Centers has a 52 week low of $54.87 and a 52 week high of $72.05. The company has a market capitalization of $9,946.02, a PE ratio of 15.69, a price-to-earnings-growth ratio of 2.18 and a beta of 0.43.
Regency Centers (NYSE:REG) last issued its earnings results on Thursday, February 8th. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.42). Regency Centers had a net margin of 18.16% and a return on equity of 2.71%. The firm had revenue of $257.95 million during the quarter, compared to analysts’ expectations of $257.60 million. During the same quarter last year, the firm earned $0.86 EPS. equities research analysts forecast that Regency Centers will post 3.8 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Tuesday, February 20th will be paid a $0.555 dividend. The ex-dividend date is Friday, February 16th. This represents a $2.22 dividend on an annualized basis and a yield of 3.82%. This is an increase from Regency Centers’s previous quarterly dividend of $0.38. Regency Centers’s payout ratio is 255.17%.
REG has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Regency Centers from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Tuesday, November 7th. Jefferies Group set a $69.00 price target on Regency Centers and gave the company a “hold” rating in a report on Friday, December 15th. Boenning Scattergood reiterated a “hold” rating on shares of Regency Centers in a report on Monday, November 6th. BMO Capital Markets set a $68.00 price target on Regency Centers and gave the company a “hold” rating in a report on Thursday, January 11th. Finally, SunTrust Banks reiterated a “buy” rating and set a $74.00 price target on shares of Regency Centers in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $71.29.
In other news, CAO J Christian Leavitt sold 2,000 shares of Regency Centers stock in a transaction on Friday, December 8th. The stock was sold at an average price of $67.61, for a total transaction of $135,220.00. Following the transaction, the chief accounting officer now owns 14,314 shares in the company, valued at $967,769.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Chaim Katzman sold 257,076 shares of Regency Centers stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $64.33, for a total value of $16,537,699.08. The disclosure for this sale can be found here. Insiders have sold 598,762 shares of company stock worth $38,701,922 in the last quarter. 12.66% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. grew its stake in Regency Centers by 3.9% in the third quarter. Principal Financial Group Inc. now owns 5,156,883 shares of the real estate investment trust’s stock valued at $319,928,000 after purchasing an additional 193,020 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Regency Centers by 7.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,586,197 shares of the real estate investment trust’s stock valued at $98,408,000 after purchasing an additional 107,561 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Regency Centers by 3,080.1% in the third quarter. Advisors Asset Management Inc. now owns 7,505 shares of the real estate investment trust’s stock valued at $466,000 after purchasing an additional 7,269 shares in the last quarter. Honeywell International Inc. grew its stake in Regency Centers by 27.8% in the third quarter. Honeywell International Inc. now owns 56,679 shares of the real estate investment trust’s stock valued at $3,516,000 after purchasing an additional 12,312 shares in the last quarter. Finally, Swiss National Bank grew its stake in Regency Centers by 1.2% in the third quarter. Swiss National Bank now owns 651,279 shares of the real estate investment trust’s stock valued at $40,405,000 after purchasing an additional 7,700 shares in the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.
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About Regency Centers
Regency Centers Corporation is a real estate investment trust (REIT). The Company is the general partner of Regency Centers, L.P. (the Operating Partnership). The Company is engaged in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership.
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