Regency Centers Corporation (REG) Vice Chairman Chaim Katzman Sells 1,055,758 Shares
Regency Centers Corporation (NYSE:REG) Vice Chairman Chaim Katzman sold 1,055,758 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $64.30, for a total transaction of $67,885,239.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Regency Centers Corporation (REG) traded down 0.44% on Wednesday, hitting $63.64. 946,939 shares of the stock traded hands. The stock has a market capitalization of $10.80 billion, a P/E ratio of 105.71 and a beta of 0.56. Regency Centers Corporation has a 12-month low of $58.63 and a 12-month high of $79.96. The company’s 50 day moving average price is $65.42 and its 200-day moving average price is $64.35.
Regency Centers Corporation (NYSE:REG) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.03. The company had revenue of $240.42 million during the quarter, compared to analysts’ expectations of $248.50 million. Regency Centers Corporation had a return on equity of 2.20% and a net margin of 13.19%. During the same period in the prior year, the business posted $0.81 EPS. Analysts predict that Regency Centers Corporation will post $0.89 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th were paid a $0.53 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.33%. Regency Centers Corporation’s dividend payout ratio (DPR) is presently 353.34%.
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REG has been the subject of a number of recent analyst reports. BidaskClub raised shares of Regency Centers Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Citigroup Inc. set a $70.00 price objective on shares of Regency Centers Corporation and gave the stock a “hold” rating in a report on Monday, August 14th. Barclays PLC reissued an “equal weight” rating and set a $73.00 price objective (up from $72.00) on shares of Regency Centers Corporation in a report on Monday, July 10th. Royal Bank Of Canada upgraded shares of Regency Centers Corporation from an “outperform” rating to a “top pick” rating and raised their price target for the stock from $72.00 to $75.00 in a research report on Thursday, August 17th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $74.00 price target on shares of Regency Centers Corporation in a research report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Regency Centers Corporation currently has an average rating of “Buy” and a consensus price target of $72.13.
Several hedge funds have recently made changes to their positions in REG. BlackRock Inc. increased its stake in shares of Regency Centers Corporation by 4,387.0% in the 1st quarter. BlackRock Inc. now owns 14,817,817 shares of the real estate investment trust’s stock valued at $983,755,000 after acquiring an additional 14,487,580 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Regency Centers Corporation by 59.5% in the 1st quarter. Vanguard Group Inc. now owns 25,851,494 shares of the real estate investment trust’s stock valued at $1,716,282,000 after acquiring an additional 9,643,138 shares during the last quarter. State Street Corp increased its stake in shares of Regency Centers Corporation by 61.9% in the 1st quarter. State Street Corp now owns 8,575,865 shares of the real estate investment trust’s stock valued at $569,344,000 after acquiring an additional 3,280,070 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Regency Centers Corporation by 109.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,350,352 shares of the real estate investment trust’s stock valued at $335,146,000 after acquiring an additional 2,799,040 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Regency Centers Corporation by 82.4% in the 1st quarter. Principal Financial Group Inc. now owns 4,940,581 shares of the real estate investment trust’s stock valued at $328,071,000 after acquiring an additional 2,231,928 shares during the last quarter. 91.52% of the stock is owned by institutional investors.
Regency Centers Corporation 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.
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