Regency Centers Co. (NASDAQ:REG) Chairman Martin E. Stein, Jr. Sells 50,000 Shares

Regency Centers Co. (NASDAQ:REG) Chairman Martin E. Stein, Jr. sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total value of $3,674,000.00. Following the sale, the chairman now directly owns 110,263 shares in the company, valued at approximately $8,102,125.24. The trade was a 31.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Regency Centers Stock Down 2.2 %

REG stock opened at $70.39 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The firm has a market capitalization of $12.77 billion, a P/E ratio of 33.20, a P/E/G ratio of 3.75 and a beta of 1.23. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $78.18. The company’s 50 day simple moving average is $72.85 and its 200-day simple moving average is $73.01.

Regency Centers (NASDAQ:REG) last released 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 return on equity of 5.91% and a net margin of 27.54%. As a group, equities research analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current 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 given a $0.705 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a yield of 4.01%. Regency Centers’s payout ratio is 133.02%.

Institutional Investors Weigh In On Regency Centers

A number of institutional investors have recently modified their holdings of REG. Glenmede Trust Co. NA raised its holdings in shares of Regency Centers by 4.4% during the third quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock worth $244,000 after acquiring an additional 141 shares in the last quarter. State of Wyoming increased its position in 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 purchasing an additional 157 shares during the last quarter. Coldstream Capital Management Inc. raised its stake 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 worth $286,000 after purchasing an additional 163 shares in the last quarter. Smartleaf Asset Management LLC raised its stake 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 worth $356,000 after purchasing an additional 164 shares in the last quarter. Finally, Greenleaf Trust lifted its holdings in shares of 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 last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on REG. Wells Fargo & Company dropped their price objective on Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Mizuho boosted their price target on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Evercore ISI reduced their price objective on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Finally, BTIG Research boosted their target price on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Regency Centers currently has an average rating of “Moderate Buy” and an average 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.