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 company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $77.21, for a total value of $2,933,980.00. Following the sale, the chairman owned 157,892 shares of the company’s stock, valued at approximately $12,190,841.32. The trade was a 19.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Regency Centers Price Performance

Shares of REG stock traded down $0.49 on Wednesday, reaching $77.67. The company had a trading volume of 1,023,214 shares, compared to its average volume of 1,214,346. The business’s 50-day moving average is $73.90 and its 200 day moving average is $71.79. The stock has a market capitalization of $14.21 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 3.36 and a beta of 0.91. Regency Centers Corporation has a one year low of $63.44 and a one year high of $79.89. 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 Announces Dividend

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

Institutional Investors Weigh In On Regency Centers

Several hedge funds and other institutional investors have recently modified their holdings of the business. Havemeyer Place LP bought a new stake in Regency Centers during the 4th quarter valued at about $26,000. Hantz Financial Services Inc. increased its holdings in shares of Regency Centers by 388.9% in the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $30,000 after acquiring an additional 350 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Regency Centers by 63.1% in 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 in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Regency Centers during the 2nd quarter worth approximately $31,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Regency Centers during the 3rd quarter valued at $33,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

REG has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Tuesday, January 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $85.00 target price on shares of Regency Centers in a research note on Monday, January 5th. Mizuho restated a “neutral” rating and issued a $74.00 price objective (down from $77.00) on shares of Regency Centers in a report on Friday, January 9th. Citigroup upped their price objective on shares of Regency Centers from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Finally, Jefferies Financial Group set a $79.00 target price on Regency Centers in a research report on Monday, December 15th. One research 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 company. According to data from MarketBeat.com, Regency Centers currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.50.

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.