Regency Centers Corporation Sees Unusually High Options Volume (REG)

Regency Centers Corporation (NYSE:REG) saw unusually large options trading activity on Monday. Stock investors bought 3,527 call options on the stock. This represents an increase of approximately Infinity compared to the average daily volume of 0 call options.

In other news, Director Mary Lou Fiala sold 7,775 shares of Regency Centers Corporation stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $65.74, for a total transaction of $511,128.50. Following the completion of the sale, the director now owns 17,145 shares in the company, valued at approximately $1,127,112.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Chaim Katzman sold 1,055,758 shares of Regency Centers Corporation stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $64.30, for a total transaction of $67,885,239.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,068,033 shares of company stock valued at $68,404,918. 12.66% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Regency Centers Corporation by 0.5% in the second quarter. Vanguard Group Inc. now owns 25,977,087 shares of the real estate investment trust’s stock valued at $1,627,206,000 after buying an additional 125,593 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Regency Centers Corporation by 109.7% in the second quarter. Daiwa Securities Group Inc. now owns 5,350,352 shares of the real estate investment trust’s stock valued at $335,146,000 after buying an additional 2,799,040 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Regency Centers Corporation 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 buying an additional 193,020 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Regency Centers Corporation by 15.1% in the second quarter. JPMorgan Chase & Co. now owns 4,274,814 shares of the real estate investment trust’s stock valued at $267,775,000 after buying an additional 560,110 shares during the period. Finally, Cbre Clarion Securities LLC boosted its holdings in shares of Regency Centers Corporation by 9.0% in the second quarter. Cbre Clarion Securities LLC now owns 4,059,624 shares of the real estate investment trust’s stock valued at $254,295,000 after buying an additional 334,961 shares during the period. Institutional investors own 90.65% of the company’s stock.

A number of research analysts recently issued reports on the stock. Boenning Scattergood restated a “hold” rating on shares of Regency Centers Corporation in a report on Monday, August 7th. TheStreet upgraded shares of Regency Centers Corporation from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. BidaskClub upgraded shares of Regency Centers Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Royal Bank Of Canada upgraded shares of Regency Centers Corporation from an “outperform” rating to a “top pick” rating and boosted their price objective for the company from $72.00 to $75.00 in a report on Thursday, August 17th. Finally, Jefferies Group LLC cut shares of Regency Centers Corporation from a “buy” rating to a “hold” rating and decreased their price objective for the company from $74.00 to $67.00 in a report on Friday, September 15th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $70.86.

Regency Centers Corporation (NYSE REG) opened at $66.87 on Thursday. The firm has a market cap of $11,433.13, a P/E ratio of 18.46, a PEG ratio of 2.24 and a beta of 0.55. Regency Centers Corporation has a 1-year low of $58.63 and a 1-year high of $72.05. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.53.

Regency Centers Corporation (NYSE:REG) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.04. The company had revenue of $262.14 million during the quarter, compared to analysts’ expectations of $254.04 million. Regency Centers Corporation had a net margin of 17.59% and a return on equity of 2.82%. During the same quarter in the prior year, the company earned $0.81 earnings per share. sell-side analysts expect that Regency Centers Corporation will post 3.68 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Tuesday, November 14th. Regency Centers Corporation’s dividend payout ratio (DPR) is presently 235.56%.

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Regency Centers Corporation Company Profile

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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