Terah Devereaux Sells 1,240 Shares of Regency Centers (NASDAQ:REG) Stock

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

Regency Centers Stock Performance

NASDAQ REG opened at $78.90 on Wednesday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $14.45 billion, a P/E ratio of 27.21, a P/E/G ratio of 3.36 and a beta of 0.81. Regency Centers Corporation has a 12-month low of $66.86 and a 12-month high of $81.66. The firm has a 50-day moving average price of $78.50 and a two-hundred day moving average price of $74.95.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be paid a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, June 12th. Regency Centers’s payout ratio is 104.14%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Havemeyer Place LP acquired a new stake in shares of Regency Centers during the 4th quarter valued at $26,000. Hantz Financial Services Inc. increased its holdings in Regency Centers by 388.9% in the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after purchasing an additional 350 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in Regency Centers by 63.1% in the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 157 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in Regency Centers in the second quarter valued at about $31,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Regency Centers during the second quarter valued at about $34,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on REG shares. Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price objective for the company. in a report on Friday, May 29th. Barclays increased their target price on Regency Centers from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Scotiabank raised their price target on Regency Centers from $76.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 24th. UBS Group boosted their price target on Regency Centers from $75.00 to $81.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Finally, Morgan Stanley upped their price objective on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Regency Centers presently has an average rating of “Hold” and an average price target of $82.27.

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.