Regency Centers Co. (NASDAQ:REG) Chairman Sells $3,674,000.00 in Stock

Regency Centers Co. (NASDAQ:REG) Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the transaction, the chairman now directly owns 110,263 shares in the company, valued at $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Regency Centers Stock Performance

Shares of REG opened at $71.07 on Friday. 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 stock has a market cap of $12.89 billion, a P/E ratio of 33.52, a PEG ratio of 3.75 and a beta of 1.23. The company has a 50-day moving average of $72.81 and a two-hundred day moving average of $73.02. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $78.18.

Regency Centers (NASDAQ:REG) last announced its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping 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, research analysts predict that Regency Centers Co. will post 4.54 EPS for the current fiscal 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 given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s payout ratio is currently 133.02%.

Wall Street Analyst Weigh In

REG has been the topic of several analyst reports. Evercore ISI lowered their target price on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Wells Fargo & Company lowered their target price on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. BTIG Research lifted their target price on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Mizuho lifted their target price on shares of Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $78.08.

Hedge Funds Weigh In On Regency Centers

A number of institutional investors have recently modified their holdings of REG. Heck Capital Advisors LLC acquired a new position in shares of Regency Centers in the fourth quarter valued at approximately $26,000. National Pension Service acquired a new position in shares of Regency Centers in the fourth quarter valued at approximately $27,000. TD Waterhouse Canada Inc. raised its position in shares of Regency Centers by 48,700.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company’s stock valued at $36,000 after buying an additional 487 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new position in shares of Regency Centers in the fourth quarter valued at approximately $39,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Regency Centers in the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.