Insider Selling: Regency Centers (NASDAQ:REG) Insider Sells $99,373.60 in Stock

Regency Centers Corporation (NASDAQ:REG) insider Terah Devereaux sold 1,240 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $80.14, for a total transaction of $99,373.60. Following the completion of the transaction, the insider owned 17,990 shares in the company, valued at $1,441,718.60. The trade was a 6.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Regency Centers Trading Down 1.9%

NASDAQ REG opened at $77.37 on Thursday. Regency Centers Corporation has a one year low of $66.86 and a one year high of $81.66. The company’s 50 day moving average price is $78.51 and its 200 day moving average price is $74.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a market capitalization of $14.17 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 3.35 and a beta of 0.81.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be issued a $0.755 dividend. The ex-dividend date is Friday, June 12th. This represents a $3.02 annualized dividend and a yield of 3.9%. Regency Centers’s dividend payout ratio (DPR) is presently 104.14%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on REG. Evercore set a $80.00 price target on shares of Regency Centers in a report on Friday, May 1st. Scotiabank raised their price target on shares of Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a report on Tuesday, March 24th. UBS Group raised their price target on shares of Regency Centers from $75.00 to $81.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price target on the stock. in a report on Friday, May 29th. Finally, Barclays raised their price target on shares of Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Regency Centers has a consensus rating of “Hold” and an average price target of $82.27.

Institutional Trading of Regency Centers

A number of hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Regency Centers during the fourth quarter valued at approximately $1,183,667,000. State Street Corp increased its stake in shares of Regency Centers by 1.4% in the fourth quarter. State Street Corp now owns 12,572,876 shares of the company’s stock worth $877,261,000 after buying an additional 168,884 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Regency Centers by 10.3% in the first quarter. Principal Financial Group Inc. now owns 10,004,796 shares of the company’s stock worth $756,967,000 after buying an additional 931,272 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Regency Centers by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock worth $338,110,000 after buying an additional 67,739 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Regency Centers by 7.2% in the fourth quarter. Invesco Ltd. now owns 4,261,437 shares of the company’s stock worth $294,167,000 after buying an additional 287,397 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

About Regency Centers

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.