Insider Selling: Regency Centers (NASDAQ:REG) Chairman Sells $2,933,980.00 in Stock

Regency Centers Corporation (NASDAQ:REG) Chairman Martin Stein, Jr. sold 38,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $77.21, for a total transaction of $2,933,980.00. Following the completion of the transaction, the chairman directly owned 157,892 shares of the company’s stock, valued at approximately $12,190,841.32. This trade represents a 19.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Regency Centers Stock Up 0.0%

Shares of NASDAQ REG opened at $76.58 on Friday. 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 Corporation has a 12-month low of $63.44 and a 12-month high of $79.89. The firm’s 50-day moving average price is $74.40 and its 200-day moving average price is $71.90. The stock has a market capitalization of $14.01 billion, a price-to-earnings ratio of 27.35, a P/E/G ratio of 3.29 and a beta of 0.91.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be given a dividend of $0.755 per share. The ex-dividend date is Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a yield of 3.9%. Regency Centers’s dividend payout ratio is 107.86%.

Hedge Funds Weigh In On Regency Centers

Several institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC boosted its position in Regency Centers by 111.6% during the 4th quarter. Corient Private Wealth LLC now owns 16,478 shares of the company’s stock valued at $1,138,000 after acquiring an additional 8,691 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Regency Centers by 1,057.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 891 shares of the company’s stock worth $62,000 after acquiring an additional 814 shares in the last quarter. Tobam lifted its stake in shares of Regency Centers by 4,422.0% during the 4th quarter. Tobam now owns 12,119 shares of the company’s stock worth $837,000 after purchasing an additional 11,851 shares during the last quarter. Pacer Advisors Inc. boosted its position in Regency Centers by 112.5% during the fourth quarter. Pacer Advisors Inc. now owns 27,697 shares of the company’s stock valued at $1,912,000 after purchasing an additional 14,665 shares in the last quarter. Finally, Kera Capital Partners Inc. bought a new stake in Regency Centers during the fourth quarter valued at about $308,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on REG shares. Mizuho restated a “neutral” rating and issued a $74.00 target price (down from $77.00) on shares of Regency Centers in a report on Friday, January 9th. Weiss Ratings upgraded Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $76.00 price target (down from $81.00) on shares of Regency Centers in a report on Thursday, December 18th. Jefferies Financial Group set a $79.00 price objective on Regency Centers in a report on Monday, December 15th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Regency Centers in a research note on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $79.50.

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.