Insider Selling: Regency Centers Co. (NASDAQ:REG) CEO Sells 25,000 Shares of Stock

Regency Centers Co. (NASDAQ:REG) CEO Lisa Palmer sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the completion of the sale, the chief executive officer now directly owns 139,923 shares of the company’s stock, valued at approximately $10,250,758.98. The trade was a 15.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Regency Centers Stock Performance

Shares of NASDAQ REG opened at $73.33 on Friday. The business has a fifty day simple moving average of $72.61 and a 200 day simple moving average of $72.59. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $13.30 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 3.75 and a beta of 1.21. Regency Centers Co. has a one year low of $56.51 and a one year high of $76.53.

Regency Centers (NASDAQ:REG) last issued its earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. Sell-side analysts expect that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a $0.705 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.85%. Regency Centers’s payout ratio is 133.02%.

Institutional Trading of Regency Centers

A number of large investors have recently bought and sold shares of REG. Creative Planning grew its position in Regency Centers by 6.5% in the third quarter. Creative Planning now owns 13,276 shares of the company’s stock valued at $959,000 after acquiring an additional 816 shares during the period. Blue Trust Inc. grew its position in Regency Centers by 310.1% in the third quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock valued at $249,000 after acquiring an additional 2,602 shares during the period. Greenleaf Trust grew its position in Regency Centers by 5.5% in the third quarter. Greenleaf Trust now owns 4,563 shares of the company’s stock valued at $330,000 after acquiring an additional 238 shares during the period. International Assets Investment Management LLC grew its position in Regency Centers by 7,209.8% in the third quarter. International Assets Investment Management LLC now owns 18,567 shares of the company’s stock valued at $1,341,000 after acquiring an additional 18,313 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Regency Centers by 43.7% in the third quarter. Assenagon Asset Management S.A. now owns 6,817 shares of the company’s stock valued at $492,000 after acquiring an additional 2,073 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on REG. JPMorgan Chase & Co. boosted their target price on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Wells Fargo & Company reduced their target price on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Robert W. Baird boosted their target price on Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Mizuho upped their price target on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Finally, Evercore ISI cut their price target on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Three research 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. Based on data from MarketBeat.com, Regency Centers has an average rating of “Moderate Buy” and a consensus price target of $78.08.

Regency Centers Company Profile

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.