Regency Centers (NASDAQ:REG) Insider Terah Devereaux Sells 1,240 Shares

Regency Centers Corporation (NASDAQ:REG) insider Terah Devereaux sold 1,240 shares of Regency Centers stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $80.14, for a total transaction of $99,373.60. Following the transaction, the insider owned 17,990 shares of the company’s stock, valued at approximately $1,441,718.60. The trade was a 6.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Regency Centers Price Performance

REG traded down $1.02 during midday trading on Monday, reaching $79.26. 2,294,900 shares of the company’s stock were exchanged, compared to its average volume of 1,411,063. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. The stock has a market capitalization of $14.51 billion, a PE ratio of 27.33, a P/E/G ratio of 3.40 and a beta of 0.81. The business’s 50-day moving average price is $78.46 and its 200 day moving average price is $74.89. Regency Centers Corporation has a 1-year low of $66.86 and a 1-year high of $81.66.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be given a dividend of $0.755 per share. The ex-dividend date is Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a yield of 3.8%. Regency Centers’s payout ratio is presently 104.14%.

Hedge Funds Weigh In On Regency Centers

A number of institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in shares of Regency Centers in the fourth quarter valued at approximately $1,183,667,000. State Street Corp increased its position in Regency Centers by 1.4% during the fourth quarter. State Street Corp now owns 12,572,876 shares of the company’s stock worth $877,261,000 after purchasing an additional 168,884 shares during the last quarter. Principal Financial Group Inc. increased its position in Regency Centers by 10.3% during the first quarter. Principal Financial Group Inc. now owns 10,004,796 shares of the company’s stock worth $756,967,000 after purchasing an additional 931,272 shares during the last quarter. Geode Capital Management LLC increased its position in Regency Centers by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock worth $338,110,000 after purchasing an additional 67,739 shares during the last quarter. Finally, Invesco Ltd. increased its position in Regency Centers by 7.2% during the fourth quarter. Invesco Ltd. now owns 4,261,437 shares of the company’s stock worth $294,167,000 after purchasing an additional 287,397 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Regency Centers in a research report on Friday, May 29th. BTIG Research restated a “buy” rating and set a $85.00 target price on shares of Regency Centers in a research report on Friday. Scotiabank lifted their target price on shares of Regency Centers from $76.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 24th. Barclays boosted their price objective on shares of Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Finally, Morgan Stanley boosted their price objective on shares of Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $82.27.

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.