Insider Selling: Regency Centers Corporation (REG) Director Sells $174,725.00 in Stock
Regency Centers Corporation (NYSE:REG) Director Alan Todd Roth sold 2,500 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $69.89, for a total value of $174,725.00. Following the completion of the sale, the director now directly owns 7,453 shares in the company, valued at $520,890.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Regency Centers Corporation (NYSE REG) traded down $0.99 during trading hours on Thursday, hitting $68.01. The stock had a trading volume of 713,400 shares, compared to its average volume of 1,152,401. Regency Centers Corporation has a 1 year low of $58.63 and a 1 year high of $72.05. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $11,737.62, a P/E ratio of 18.96, a P/E/G ratio of 2.32 and a beta of 0.58.
Regency Centers (NYSE:REG) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Regency Centers had a return on equity of 2.82% and a net margin of 17.59%. The company had revenue of $262.14 million for the quarter, compared to the consensus estimate of $254.04 million. During the same quarter in the prior year, the company earned $0.81 earnings per share. sell-side analysts expect that Regency Centers Corporation will post 3.69 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of REG. IHT Wealth Management LLC bought a new position in shares of Regency Centers in the second quarter worth about $124,000. Perigon Wealth Management LLC raised its stake in shares of Regency Centers by 93.2% in the second quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 1,025 shares during the period. Global X Management Co. LLC bought a new position in shares of Regency Centers in the second quarter worth about $179,000. Advisor Group Inc. raised its stake in shares of Regency Centers by 15.6% in the second quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock worth $188,000 after buying an additional 404 shares during the period. Finally, Riverhead Capital Management LLC raised its stake in shares of Regency Centers by 342.9% in the second quarter. Riverhead Capital Management LLC now owns 3,100 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 2,400 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.
REG has been the topic of a number of recent research reports. Argus cut their target price on Regency Centers from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, August 31st. Robert W. Baird reissued a “buy” rating and issued a $72.00 target price on shares of Regency Centers in a research note on Thursday, August 24th. Zacks Investment Research raised Regency Centers from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Thursday, September 14th. SunTrust Banks reissued a “buy” rating and issued a $74.00 target price on shares of Regency Centers in a research note on Friday, December 1st. Finally, Jefferies Group cut Regency Centers from a “buy” rating to a “hold” rating and cut their target price for the stock from $74.00 to $67.00 in a research note on Friday, September 15th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Regency Centers has an average rating of “Hold” and an average target price of $70.77.
About Regency Centers
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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