Regency Centers (NASDAQ:REG) Chairman Martin Stein, Jr. Sells 15,000 Shares

Regency Centers Corporation (NASDAQ:REG) Chairman Martin Stein, Jr. sold 15,000 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $70.02, for a total transaction of $1,050,300.00. Following the completion of the sale, the chairman owned 272,958 shares in the company, valued at $19,112,519.16. The trade was a 5.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Regency Centers Stock Down 1.8%

Shares of NASDAQ REG opened at $70.00 on Thursday. The business has a 50-day moving average of $71.28 and a two-hundred day moving average of $71.42. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 32.26, a price-to-earnings-growth ratio of 2.87 and a beta of 1.07. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $78.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.13.

Regency Centers (NASDAQ:REG) last issued its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, hitting the consensus estimate of $1.15. The business had revenue of $387.57 million for the quarter, compared to analyst estimates of $374.83 million. Regency Centers had a return on equity of 6.14% and a net margin of 27.04%.During the same quarter last year, the company earned $1.07 EPS. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. On average, analysts forecast that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be issued a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, December 15th. This is a positive change from Regency Centers’s previous quarterly dividend of $0.71. Regency Centers’s dividend payout ratio (DPR) is currently 139.17%.

Wall Street Analyst Weigh In

REG has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Regency Centers in a research report on Wednesday, October 8th. Robert W. Baird lifted their target price on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Argus raised Regency Centers to a “strong-buy” rating in a research report on Wednesday, November 5th. Mizuho raised their price target on Regency Centers from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Finally, Wall Street Zen upgraded Regency Centers from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Regency Centers currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.

Hedge Funds Weigh In On Regency Centers

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CYBER HORNET ETFs LLC acquired a new stake in Regency Centers during the 2nd quarter worth approximately $31,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Regency Centers during the third quarter worth $33,000. MUFG Securities EMEA plc acquired a new stake in shares of Regency Centers during the second quarter worth $34,000. Caitong International Asset Management Co. Ltd grew its position in Regency Centers by 42.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company’s stock valued at $37,000 after buying an additional 150 shares during the last quarter. Finally, Financial Consulate Inc. acquired a new position in Regency Centers in the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.