Insider Selling: Regency Centers Co. (NASDAQ:REG) CEO Sells 25,000 Shares of Stock

Regency Centers Co. (NASDAQ:REG) CEO Lisa Palmer sold 25,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total value of $1,831,500.00. Following the sale, the chief executive officer now owns 139,923 shares in the company, valued at $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Regency Centers Trading Down 0.4 %

Shares of REG stock traded down $0.31 on Thursday, hitting $73.13. The stock had a trading volume of 296,116 shares, compared to its average volume of 934,270. The firm has a market cap of $13.26 billion, a P/E ratio of 34.48, a PEG ratio of 3.72 and a beta of 1.21. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. Regency Centers Co. has a twelve month low of $56.51 and a twelve month high of $76.53. The company has a fifty day moving average price of $72.69 and a two-hundred day moving average price of $72.53.

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

Regency Centers Dividend Announcement

The business 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 is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.86%. Regency Centers’s payout ratio is presently 133.02%.

Hedge Funds Weigh In On Regency Centers

Hedge funds have recently modified their holdings of the business. Glenmede Trust Co. NA increased its stake in Regency Centers by 4.4% in the third quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock valued at $244,000 after purchasing an additional 141 shares in the last quarter. State of Wyoming increased its holdings 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 worth $114,000 after buying an additional 157 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of Regency Centers by 4.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company’s stock valued at $286,000 after purchasing an additional 163 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Regency Centers by 3.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company’s stock valued at $356,000 after purchasing an additional 164 shares during the last quarter. Finally, Greenleaf Trust boosted its position in Regency Centers by 3.8% during the 4th quarter. Greenleaf Trust now owns 4,735 shares of the company’s stock valued at $350,000 after buying an additional 172 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on REG shares. Robert W. Baird increased their price target on Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. KeyCorp began coverage on Regency Centers in a report on Friday, October 25th. They issued an “overweight” rating and a $80.00 target price for the company. JPMorgan Chase & Co. increased their target price on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Mizuho increased their target price on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company reduced their target price on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.08.

Regency Centers Company Profile

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.