Regency Centers Co. (NASDAQ:REG) CEO Sells $1,831,500.00 in Stock

Regency Centers Co. (NASDAQ:REG) CEO Lisa Palmer sold 25,000 shares of Regency Centers stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total value of $1,831,500.00. Following the transaction, the chief executive officer now owns 139,923 shares in the company, valued at approximately $10,250,758.98. This represents a 15.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Regency Centers Trading Down 0.4 %

REG traded down $0.31 during mid-day trading on Thursday, reaching $73.13. The stock had a trading volume of 296,116 shares, compared to its average volume of 934,270. The stock has a market capitalization of $13.26 billion, a P/E ratio of 34.48, a P/E/G ratio of 3.72 and a beta of 1.21. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The firm’s fifty day simple moving average is $72.69 and its two-hundred day simple moving average is $72.53. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $76.53.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. On average, equities analysts predict that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s dividend payout ratio is presently 133.02%.

Institutional Investors Weigh In On Regency Centers

Several institutional investors and hedge funds have recently added to or reduced their stakes in REG. Heck Capital Advisors LLC acquired a new stake in Regency Centers during the 4th quarter worth about $26,000. National Pension Service purchased a new position in shares of Regency Centers during the 4th quarter valued at $27,000. TD Waterhouse Canada Inc. grew its position in Regency Centers by 48,700.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company’s stock worth $36,000 after acquiring an additional 487 shares in the last quarter. Canada Post Corp Registered Pension Plan bought a new stake in Regency Centers in the fourth quarter worth $39,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Regency Centers during the fourth quarter valued at about $54,000. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on REG. Robert W. Baird boosted their price target on shares of Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. BTIG Research increased their price target on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. increased their price objective on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. KeyCorp began coverage on Regency Centers in a research note on Friday, October 25th. They set an “overweight” rating and a $80.00 price objective on the stock. Finally, Mizuho raised their price target on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.08.

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.