Regency Centers Co. (NASDAQ:REG) Chairman Sells $3,674,000.00 in Stock

Regency Centers Co. (NASDAQ:REG) Chairman Martin E. Stein, Jr. sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the completion of the sale, the chairman now owns 110,263 shares of the company’s stock, valued at approximately $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Regency Centers Trading Up 1.0 %

REG opened at $71.07 on Friday. The stock has a market capitalization of $12.89 billion, a PE ratio of 33.52, a P/E/G ratio of 3.75 and a beta of 1.23. The firm’s fifty day moving average price is $72.81 and its 200 day moving average price is $73.02. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $78.18.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. As a group, research analysts expect that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.97%. Regency Centers’s dividend payout ratio (DPR) is 133.02%.

Institutional Trading of Regency Centers

Institutional investors and hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC raised its holdings in shares of Regency Centers by 104.1% during the fourth quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company’s stock worth $1,442,000 after purchasing an additional 10,221 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Regency Centers by 196.1% during the fourth quarter. Pacer Advisors Inc. now owns 36,245 shares of the company’s stock worth $2,680,000 after purchasing an additional 24,003 shares during the period. Trustmark National Bank Trust Department acquired a new stake in shares of Regency Centers during the third quarter worth $719,000. HighTower Advisors LLC raised its holdings in shares of Regency Centers by 47.3% during the third quarter. HighTower Advisors LLC now owns 29,342 shares of the company’s stock worth $2,121,000 after purchasing an additional 9,424 shares during the period. Finally, Royal London Asset Management Ltd. increased its holdings in shares of Regency Centers by 9.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 105,433 shares of the company’s stock worth $7,615,000 after acquiring an additional 8,959 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on REG. Mizuho boosted their target price on shares of Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Evercore ISI lowered their target price on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Wells Fargo & Company lowered their target price on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Finally, BTIG Research boosted their target price on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.08.

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.