Insider Selling: Regency Centers (NASDAQ:REG) Chairman Sells $21,529,816.00 in Stock

Regency Centers Corporation (NASDAQ:REGGet Free Report) Chairman Martin Stein, Jr. sold 274,615 shares of Regency Centers stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $78.40, for a total value of $21,529,816.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Regency Centers Trading Down 1.5%

REG opened at $77.86 on Friday. The firm has a market cap of $14.26 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 3.36 and a beta of 0.82. Regency Centers Corporation has a 52 week low of $66.86 and a 52 week high of $81.66. The business’s 50 day moving average is $77.92 and its two-hundred day moving average is $73.46. The company has a quick ratio of 1.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.72.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be given a dividend of $0.755 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.02 annualized dividend and a yield of 3.9%. Regency Centers’s payout ratio is 104.14%.

Wall Street Analyst Weigh In

REG has been the topic of several analyst reports. Royal Bank Of Canada upgraded Regency Centers to a “sector perform” rating in a research note on Friday, January 9th. Weiss Ratings upgraded Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Wells Fargo & Company lifted their target price on Regency Centers from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Citigroup lifted their target price on Regency Centers from $76.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Mizuho reiterated a “neutral” rating and issued a $74.00 target price (down from $77.00) on shares of Regency Centers in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.00.

Check Out Our Latest Research Report on Regency Centers

Hedge Funds Weigh In On Regency Centers

Hedge funds and other institutional investors have recently bought and sold shares of the company. Havemeyer Place LP acquired a new position in Regency Centers during the fourth quarter worth $26,000. Brown Brothers Harriman & Co. raised its holdings in Regency Centers by 63.1% during the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 157 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Regency Centers during the second quarter worth $31,000. Hantz Financial Services Inc. raised its holdings in Regency Centers by 388.9% during the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after purchasing an additional 350 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in Regency Centers during the third quarter worth $33,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers News Summary

Here are the key news stories impacting Regency Centers this week:

About Regency Centers

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Regency Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regency Centers and related companies with MarketBeat.com's FREE daily email newsletter.