Short Interest in Regency Centers Co. (NASDAQ:REG) Grows By 19.5%

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on REG. Evercore ISI downgraded Regency Centers from an “outperform” rating to an “inline” rating and raised their price target for the company from $72.00 to $75.00 in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and raised their target price for the company from $70.00 to $75.00 in a research note on Thursday, September 26th. Mizuho increased their price target on shares of Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Compass Point lifted their price objective on shares of Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of Regency Centers from $71.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $76.55.

Insider Transactions at Regency Centers

In related news, VP Michael R. Herman sold 1,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the completion of the transaction, the vice president now directly owns 13,010 shares of the company’s stock, valued at approximately $905,105.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value of $69,570.00. Following the sale, the vice president now directly owns 13,010 shares in the company, valued at $905,105.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $1,750,000.00. Following the completion of the transaction, the chairman now directly owns 307,199 shares of the company’s stock, 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. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. James J. Burns & Company LLC acquired a new position in Regency Centers in the 3rd quarter worth about $216,000. QRG Capital Management Inc. lifted its holdings in Regency Centers by 11.4% during the 3rd quarter. QRG Capital Management Inc. now owns 72,727 shares of the company’s stock worth $5,253,000 after buying an additional 7,424 shares during the period. Asset Management One Co. Ltd. grew its position in shares of Regency Centers by 3.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 366,702 shares of the company’s stock valued at $26,487,000 after buying an additional 13,863 shares during the last quarter. Intact Investment Management Inc. increased its stake in shares of Regency Centers by 6.1% in the third quarter. Intact Investment Management Inc. now owns 86,650 shares of the company’s stock valued at $6,259,000 after buying an additional 5,000 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Regency Centers by 11.2% in the third quarter. Van ECK Associates Corp now owns 77,755 shares of the company’s stock worth $5,616,000 after acquiring an additional 7,802 shares during the period. Institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Performance

Shares of NASDAQ REG traded up $0.34 during trading hours on Wednesday, reaching $72.77. 1,603,889 shares of the stock were exchanged, compared to its average volume of 1,086,914. The stock’s fifty day simple moving average is $72.09 and its 200 day simple moving average is $65.97. The firm has a market capitalization of $13.21 billion, a price-to-earnings ratio of 34.00, a P/E/G ratio of 4.42 and a beta of 1.21. Regency Centers has a 52 week low of $56.51 and a 52 week high of $75.26. 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 (NASDAQ:REG) last released its earnings results on Monday, October 28th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.50). Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. The business had revenue of $360.27 million for the quarter, compared to the consensus estimate of $355.17 million. During the same quarter in the previous year, the company earned $1.02 earnings per share. Sell-side analysts predict that Regency Centers will post 4.24 EPS for the current year.

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.