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

Regency Centers Corporation (NASDAQ:REG) insider Terah Devereaux sold 1,240 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $80.14, for a total transaction of $99,373.60. Following the completion of the transaction, the insider directly owned 17,990 shares in the company, valued at approximately $1,441,718.60. The trade was a 6.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Regency Centers Stock Down 1.3%

Shares of REG stock opened at $79.26 on Tuesday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a 12 month low of $66.86 and a 12 month high of $81.66. The stock has a market cap of $14.51 billion, a P/E ratio of 27.33, a P/E/G ratio of 3.40 and a beta of 0.81. The company has a 50 day simple moving average of $78.46 and a two-hundred day simple moving average of $74.89.

Regency Centers Announces Dividend

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

Institutional Investors Weigh In On Regency Centers

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Regency Centers during the fourth quarter worth about $1,183,667,000. State Street Corp raised its stake in Regency Centers by 1.4% during 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 during the period. Principal Financial Group Inc. lifted its holdings in Regency Centers by 10.3% in the 1st quarter. Principal Financial Group Inc. now owns 10,004,796 shares of the company’s stock worth $756,967,000 after purchasing an additional 931,272 shares in the last quarter. Geode Capital Management LLC boosted its stake in Regency Centers by 1.4% in the 4th 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 period. Finally, Invesco Ltd. boosted its stake in Regency Centers by 7.2% in 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 period. 96.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

REG has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Evercore set a $80.00 price objective on Regency Centers in a research report on Friday, May 1st. BTIG Research reiterated a “buy” rating and set a $85.00 price objective on shares of Regency Centers in a research note on Friday. UBS Group increased their target price on shares of Regency Centers from $75.00 to $81.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Finally, Scotiabank raised their target price on shares of Regency Centers from $76.00 to $82.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, 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.