Regency Centers (NASDAQ:REG) Chairman Sells $21,529,816.00 in Stock

Regency Centers Corporation (NASDAQ:REG) Chairman Martin Stein, Jr. sold 274,615 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $78.40, for a total value of $21,529,816.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Regency Centers Trading Up 0.2%

Shares of NASDAQ:REG traded up $0.14 during midday trading on Tuesday, reaching $78.89. 1,260,758 shares of the company’s stock were exchanged, compared to its average volume of 1,504,426. The firm’s 50 day simple moving average is $77.88 and its two-hundred day simple moving average is $73.37. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.06 and a quick ratio of 1.05. The stock has a market cap of $14.44 billion, a price-to-earnings ratio of 27.20, a P/E/G ratio of 3.38 and a beta of 0.82. Regency Centers Corporation has a fifty-two week low of $66.86 and a fifty-two week high of $81.66.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were paid a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Wednesday, March 11th. Regency Centers’s dividend payout ratio (DPR) is presently 104.14%.

Institutional Investors Weigh In On Regency Centers

Several large investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Regency Centers during the fourth quarter worth approximately $1,183,667,000. State Street Corp raised its stake in shares of 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. raised its stake in shares of 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 raised its stake in shares of 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. raised its stake in shares of 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. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on REG. Citigroup boosted their target price on Regency Centers from $76.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday. UBS Group set a $76.00 target price on Regency Centers in a research note on Wednesday, January 14th. Barclays boosted their target price on Regency Centers from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Mizuho restated a “neutral” rating and set a $74.00 target price (down from $77.00) on shares of Regency Centers in a research note on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Regency Centers presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.00.

About Regency Centers

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.