Regency Centers (NASDAQ:REG) Chairman Sells $763,000.00 in Stock

Regency Centers Corporation (NASDAQ:REG) Chairman Martin Stein, Jr. sold 10,000 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $76.30, for a total transaction of $763,000.00. Following the completion of the sale, the chairman directly owned 272,133 shares in the company, valued at approximately $20,763,747.90. This represents a 3.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Regency Centers Trading Down 1.0%

Shares of REG stock traded down $0.78 on Tuesday, hitting $77.00. The company had a trading volume of 128,666 shares, compared to its average volume of 1,323,123. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.25. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $14.08 billion, a P/E ratio of 27.52, a P/E/G ratio of 3.31 and a beta of 0.94. The stock’s 50-day moving average is $71.74 and its two-hundred day moving average is $71.24.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, March 11th. Regency Centers’s dividend payout ratio is currently 107.86%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Regency Centers during the fourth quarter valued at approximately $1,183,667,000. State Street Corp increased its holdings in Regency Centers by 1.4% during the fourth quarter. State Street Corp now owns 12,572,876 shares of the company’s stock worth $877,261,000 after buying an additional 168,884 shares during the last quarter. Geode Capital Management LLC boosted its stake in Regency Centers by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock valued at $338,110,000 after acquiring an additional 67,739 shares during the last quarter. Invesco Ltd. increased its stake in shares of Regency Centers by 7.2% during the 4th 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 during the last quarter. Finally, Boston Partners raised its holdings in shares of Regency Centers by 2.1% in the 3rd 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 during the period. 96.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Regency Centers in a research report on Thursday, December 4th. Jefferies Financial Group set a $79.00 price target on Regency Centers in a report on Monday, December 15th. Barclays upgraded shares of Regency Centers from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $83.00 to $82.00 in a research note on Tuesday, November 18th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $76.00 target price (down from $81.00) on shares of Regency Centers in a research note on Thursday, December 18th. Finally, Argus upgraded shares of Regency Centers to a “strong-buy” rating in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.79.

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.