Insider Selling: Regency Centers Co. (NASDAQ:REG) CEO Sells $1,831,500.00 in Stock

Regency Centers Co. (NASDAQ:REG) CEO Lisa Palmer sold 25,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the completion of the sale, the chief executive officer now owns 139,923 shares in the company, valued at approximately $10,250,758.98. This trade represents a 15.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Regency Centers Price Performance

NASDAQ REG opened at $73.33 on Friday. The stock’s 50-day moving average price is $72.61 and its two-hundred day moving average price is $72.59. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The company has a market cap of $13.30 billion, a PE ratio of 34.59, a PEG ratio of 3.75 and a beta of 1.21. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $76.53.

Regency Centers (NASDAQ:REG) last released its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. On average, analysts predict that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.85%. Regency Centers’s dividend payout ratio (DPR) is presently 133.02%.

Analysts Set New Price Targets

Several brokerages have commented on REG. Evercore ISI dropped their price target on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Mizuho boosted their price target on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. BTIG Research boosted their price target on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. boosted their price target on shares of Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company dropped their price target on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.

Hedge Funds Weigh In On Regency Centers

Several institutional investors and hedge funds have recently bought and sold shares of the business. Toronto Dominion Bank grew its stake in Regency Centers by 7.5% during the 4th quarter. Toronto Dominion Bank now owns 89,182 shares of the company’s stock valued at $6,593,000 after acquiring an additional 6,186 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in Regency Centers during the 4th quarter valued at about $232,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Regency Centers by 2.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,132,494 shares of the company’s stock valued at $157,655,000 after buying an additional 56,741 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Regency Centers in the 4th quarter valued at approximately $722,000. Finally, State of Wyoming grew its stake in shares of Regency Centers by 11.3% in the 4th quarter. State of Wyoming now owns 1,543 shares of the company’s stock valued at $114,000 after buying an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

About Regency Centers

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.