Regency Centers (NASDAQ:REG) Chairman Sells $10,142,951.70 in Stock

Regency Centers Corporation (NASDAQ:REG) Chairman Martin Stein, Jr. sold 129,490 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $78.33, for a total value of $10,142,951.70. Following the completion of the sale, the chairman directly owned 195,892 shares of the company’s stock, valued at approximately $15,344,220.36. This trade represents a 39.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Regency Centers Trading Up 0.0%

REG opened at $76.58 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.68. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $79.89. The business’s 50 day moving average is $74.40 and its two-hundred day moving average is $71.90. The firm has a market cap of $14.01 billion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 3.29 and a beta of 0.91.

Regency Centers Announces Dividend

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

Analyst Upgrades and Downgrades

REG has been the topic of several research reports. JPMorgan Chase & Co. reissued a “neutral” rating and set a $76.00 price objective (down from $81.00) on shares of Regency Centers in a research report on Thursday, December 18th. Scotiabank reduced their target price on shares of Regency Centers from $78.00 to $76.00 and set a “sector perform” rating for the company in a report on Wednesday, January 14th. Jefferies Financial Group set a $79.00 target price on shares of Regency Centers in a research note on Monday, December 15th. UBS Group set a $76.00 price target on Regency Centers in a report on Wednesday, January 14th. Finally, Weiss Ratings upgraded Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.50.

Institutional Investors Weigh In On Regency Centers

A number of hedge funds and other institutional investors have recently modified their holdings of REG. Norges Bank acquired a new stake in shares of Regency Centers in the 4th quarter worth approximately $1,183,667,000. State Street Corp increased its stake in Regency Centers by 1.4% in the 4th quarter. State Street Corp now owns 12,572,876 shares of the company’s stock valued at $877,261,000 after purchasing an additional 168,884 shares in the last quarter. Geode Capital Management LLC raised its holdings in Regency Centers by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock worth $338,110,000 after purchasing an additional 67,739 shares during the last quarter. Invesco Ltd. boosted its position in Regency Centers by 7.2% during the fourth quarter. Invesco Ltd. now owns 4,261,437 shares of the company’s stock worth $294,167,000 after purchasing an additional 287,397 shares in the last quarter. Finally, Boston Partners boosted its position in Regency Centers by 2.1% during the third quarter. Boston Partners now owns 3,540,137 shares of the company’s stock worth $258,062,000 after purchasing an additional 72,584 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.