Chaim Katzman Sells 52,771 Shares of Regency Centers Corp (REG) Stock

Regency Centers Corp (NYSE:REG) Vice Chairman Chaim Katzman sold 52,771 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $64.14, for a total transaction of $3,384,731.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Chaim Katzman also recently made the following trade(s):

  • On Tuesday, January 23rd, Chaim Katzman sold 257,076 shares of Regency Centers stock. The stock was sold at an average price of $64.33, for a total transaction of $16,537,699.08.
  • On Friday, January 19th, Chaim Katzman sold 17,600 shares of Regency Centers stock. The stock was sold at an average price of $64.06, for a total transaction of $1,127,456.00.
  • On Tuesday, January 16th, Chaim Katzman sold 47,230 shares of Regency Centers stock. The stock was sold at an average price of $64.32, for a total transaction of $3,037,833.60.
  • On Thursday, January 11th, Chaim Katzman sold 204,602 shares of Regency Centers stock. The stock was sold at an average price of $64.90, for a total transaction of $13,278,669.80.

Shares of Regency Centers Corp (NYSE REG) opened at $61.83 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53. Regency Centers Corp has a 12-month low of $58.63 and a 12-month high of $72.05. The stock has a market cap of $10,744.18, a price-to-earnings ratio of 68.70, a PEG ratio of 2.09 and a beta of 0.58.

Regency Centers (NYSE:REG) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.04. Regency Centers had a net margin of 17.59% and a return on equity of 2.82%. The company had revenue of $262.14 million during the quarter, compared to the consensus estimate of $254.04 million. During the same quarter in the prior year, the firm earned $0.81 earnings per share. research analysts expect that Regency Centers Corp will post 3.7 EPS for the current fiscal year.

REG has been the topic of several analyst reports. Boenning Scattergood reiterated a “hold” rating on shares of Regency Centers in a report on Monday, November 6th. Jefferies Group set a $71.00 price objective on shares of Regency Centers and gave the stock a “hold” rating in a research report on Friday, January 12th. Zacks Investment Research downgraded shares of Regency Centers from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. BTIG Research raised shares of Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Monday. Finally, Robert W. Baird reissued a “buy” rating on shares of Regency Centers in a research report on Friday, November 3rd. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $71.29.

A number of institutional investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC bought a new position in Regency Centers in the second quarter valued at $124,000. Phocas Financial Corp. grew its position in Regency Centers by 3.5% in the second quarter. Phocas Financial Corp. now owns 7,558 shares of the real estate investment trust’s stock valued at $473,000 after purchasing an additional 254 shares in the last quarter. Westwood Holdings Group Inc. grew its position in Regency Centers by 1.5% in the second quarter. Westwood Holdings Group Inc. now owns 19,115 shares of the real estate investment trust’s stock valued at $1,197,000 after purchasing an additional 284 shares in the last quarter. Kemper Corp Master Retirement Trust grew its position in Regency Centers by 7.2% in the second quarter. Kemper Corp Master Retirement Trust now owns 5,595 shares of the real estate investment trust’s stock valued at $350,000 after purchasing an additional 375 shares in the last quarter. Finally, Advisor Group Inc. grew its position in Regency Centers by 15.6% in the second quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock valued at $188,000 after purchasing an additional 404 shares in the last quarter. 92.40% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This piece was first reported by Transcript Daily and is owned by of Transcript Daily. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://transcriptdaily.com/2018/01/31/chaim-katzman-sells-52771-shares-of-regency-centers-corp-reg-stock.html.

Regency Centers Company Profile

Regency Centers Corporation is a real estate investment trust (REIT). The Company is the general partner of Regency Centers, L.P. (the Operating Partnership). The Company is engaged in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership.

Insider Buying and Selling by Quarter for Regency Centers (NYSE:REG)

Receive News & Ratings for Regency Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regency Centers and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply