Regency Centers (NASDAQ:REG) Chairman Martin Stein, Jr. Sells 10,000 Shares

Regency Centers Corporation (NASDAQ:REG) Chairman Martin Stein, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $76.30, for a total value of $763,000.00. Following the sale, the chairman directly owned 272,133 shares in the company, valued at $20,763,747.90. The trade was a 3.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Regency Centers Price Performance

NASDAQ:REG opened at $77.27 on Wednesday. The firm has a market capitalization of $14.13 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 3.35 and a beta of 0.94. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50 day simple moving average of $71.94 and a 200-day simple moving average of $71.27. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $78.25.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a $0.755 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.02 annualized dividend and a dividend yield of 3.9%. Regency Centers’s dividend payout ratio is currently 107.86%.

Institutional Investors Weigh In On Regency Centers

Several hedge funds have recently made changes to their positions in REG. Norinchukin Bank The increased its stake in shares of Regency Centers by 0.8% during the third quarter. Norinchukin Bank The now owns 17,730 shares of the company’s stock valued at $1,293,000 after buying an additional 147 shares during the period. Park Avenue Securities LLC increased its position in Regency Centers by 5.2% during the 3rd quarter. Park Avenue Securities LLC now owns 3,040 shares of the company’s stock valued at $222,000 after purchasing an additional 149 shares during the period. Telos Capital Management Inc. raised its holdings in shares of Regency Centers by 2.9% in the 4th quarter. Telos Capital Management Inc. now owns 5,378 shares of the company’s stock valued at $371,000 after purchasing an additional 153 shares in the last quarter. Atria Investments Inc raised its holdings in shares of Regency Centers by 3.3% in the 2nd quarter. Atria Investments Inc now owns 4,847 shares of the company’s stock valued at $345,000 after purchasing an additional 156 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Regency Centers by 63.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 157 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on REG. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $76.00 price objective (down from $81.00) on shares of Regency Centers in a research report on Thursday, December 18th. Scotiabank cut their target price on Regency Centers from $78.00 to $76.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 14th. Robert W. Baird set a $84.00 price target on Regency Centers in a research note on Tuesday, February 10th. KeyCorp restated a “sector weight” rating on shares of Regency Centers in a report on Thursday, December 4th. Finally, Citigroup increased their target price on Regency Centers from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Regency Centers currently has a consensus rating of “Moderate Buy” and an average price target of $78.79.

Regency Centers Company Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.