Regency Centers Co. (NASDAQ:REG) COO James D. Thompson Sells 15,000 Shares

Regency Centers Co. (NASDAQ:REG) COO James D. Thompson sold 15,000 shares of the company’s stock in a transaction on Tuesday, June 8th. The shares were sold at an average price of $67.86, for a total value of $1,017,900.00. Following the completion of the sale, the chief operating officer now owns 11,584 shares in the company, valued at $786,090.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of REG opened at $68.06 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.60. Regency Centers Co. has a 12-month low of $33.29 and a 12-month high of $68.40. The firm has a market capitalization of $11.56 billion, a price-to-earnings ratio of 77.34, a PEG ratio of 2.38 and a beta of 1.14. The firm’s fifty day moving average price is $62.71.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Thursday, May 6th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.28). Regency Centers had a net margin of 15.03% and a return on equity of 2.74%. During the same period last year, the business posted $0.98 EPS. As a group, equities analysts predict that Regency Centers Co. will post 3.38 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 6th. Stockholders of record on Tuesday, June 15th will be paid a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Monday, June 14th. Regency Centers’s dividend payout ratio (DPR) is presently 80.68%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Schroder Investment Management Group lifted its stake in Regency Centers by 23.9% in the first quarter. Schroder Investment Management Group now owns 30,134 shares of the company’s stock valued at $1,709,000 after buying an additional 5,804 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Regency Centers in the first quarter valued at about $126,000. Eaton Vance Management lifted its stake in Regency Centers by 47.1% in the first quarter. Eaton Vance Management now owns 14,965 shares of the company’s stock valued at $849,000 after buying an additional 4,793 shares during the period. Amundi Asset Management US Inc. lifted its stake in Regency Centers by 27.7% in the first quarter. Amundi Asset Management US Inc. now owns 455,011 shares of the company’s stock valued at $25,804,000 after buying an additional 98,678 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new position in Regency Centers in the first quarter valued at about $32,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have weighed in on REG shares. Wells Fargo & Company upped their price target on Regency Centers from $52.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, March 16th. Argus reiterated a “hold” rating on shares of Regency Centers in a research report on Wednesday, March 10th. Robert W. Baird reiterated a “neutral” rating on shares of Regency Centers in a research report on Monday, April 19th. BTIG Research upped their price target on Regency Centers from $58.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, April 21st. Finally, Zacks Investment Research upgraded Regency Centers from a “sell” rating to a “hold” rating and set a $60.00 price target on the stock in a research report on Monday, March 22nd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Regency Centers presently has an average rating of “Hold” and a consensus target price of $58.64.

About Regency Centers

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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.

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