Martin Stein, Jr. Sells 10,000 Shares of Regency Centers (NASDAQ:REG) Stock

Regency Centers Corporation (NASDAQ:REG) Chairman Martin Stein, Jr. sold 10,000 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $76.30, for a total value of $763,000.00. Following the transaction, the chairman directly owned 272,133 shares in the company, valued at $20,763,747.90. This represents a 3.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Regency Centers Stock Performance

Shares of REG stock traded down $0.78 during trading on Tuesday, reaching $77.00. 128,666 shares of the company’s stock traded hands, compared to its average volume of 1,323,123. The firm’s 50-day moving average is $71.74 and its 200 day moving average is $71.24. The company has a market capitalization of $14.08 billion, a P/E ratio of 27.52, a PEG ratio of 3.31 and a beta of 0.94. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $78.25. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be issued a $0.755 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.02 annualized dividend and a dividend yield of 3.9%. Regency Centers’s dividend payout ratio is presently 107.86%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Havemeyer Place LP purchased a new position in shares of Regency Centers during the fourth quarter valued at approximately $26,000. Hantz Financial Services Inc. boosted its holdings in Regency Centers by 388.9% in the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $30,000 after acquiring an additional 350 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in Regency Centers by 63.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 157 shares during the period. CYBER HORNET ETFs LLC purchased a new position in Regency Centers during the 2nd quarter valued at $31,000. Finally, Steigerwald Gordon & Koch Inc. bought a new position in Regency Centers in the 3rd quarter worth $33,000. Institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Argus raised shares of Regency Centers to a “strong-buy” rating in a research note on Wednesday, November 5th. KeyCorp reaffirmed a “sector weight” rating on shares of Regency Centers in a report on Thursday, December 4th. Robert W. Baird set a $84.00 price target on Regency Centers in a research report on Tuesday, February 10th. Truist Financial cut their price objective on Regency Centers from $81.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, November 18th. Finally, Scotiabank decreased their price objective on Regency Centers from $78.00 to $76.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Regency Centers currently has an average rating of “Moderate Buy” and an average target price of $78.79.

Regency Centers Company Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.