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 firm’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 transaction of $3,674,000.00. Following the transaction, the chairman now owns 110,263 shares in the company, valued at approximately $8,102,125.24. This trade represents a 31.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Regency Centers Price Performance

Shares of NASDAQ REG traded down $1.26 during trading on Thursday, reaching $70.74. The company had a trading volume of 520,854 shares, compared to its average volume of 1,005,151. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. Regency Centers Co. has a twelve month low of $56.51 and a twelve month high of $78.18. The stock has a 50-day moving average price of $72.88 and a two-hundred day moving average price of $73.03. The stock has a market capitalization of $12.83 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23.

Regency Centers (NASDAQ:REG) last announced its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. As a group, sell-side analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.705 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.99%. Regency Centers’s payout ratio is currently 133.02%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Crossmark Global Holdings Inc. increased its stake in Regency Centers by 7.9% in the third quarter. Crossmark Global Holdings Inc. now owns 9,486 shares of the company’s stock valued at $685,000 after purchasing an additional 696 shares during the last quarter. Versor Investments LP purchased a new position in shares of Regency Centers during the 3rd quarter worth about $523,000. Entropy Technologies LP acquired a new stake in shares of Regency Centers in the third quarter worth approximately $591,000. KBC Group NV boosted its position in shares of Regency Centers by 303.3% in the third quarter. KBC Group NV now owns 169,927 shares of the company’s stock worth $12,274,000 after acquiring an additional 127,796 shares during the last quarter. Finally, Metis Global Partners LLC grew its holdings in Regency Centers by 21.3% in the third quarter. Metis Global Partners LLC now owns 22,217 shares of the company’s stock valued at $1,605,000 after purchasing an additional 3,902 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

REG has been the subject of a number of recent research reports. BTIG Research increased their price objective on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Mizuho lifted their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Evercore ISI cut 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, Wells Fargo & Company reduced their target price on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and an average target price of $78.08.

About Regency Centers

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.