Regency Centers Co. (NASDAQ:REG - Get Free Report) Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction 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 directly owns 110,263 shares in the company, valued at $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Regency Centers Price Performance
Shares of Regency Centers stock opened at $70.39 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The company has a market cap of $12.77 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23. The firm has a fifty day moving average price of $72.85 and a two-hundred day moving average price of $73.01. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $78.18.
Regency Centers (NASDAQ:REG - Get Free Report) last released 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%. Analysts expect that Regency Centers Co. will post 4.54 EPS for the current year.
Regency Centers Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Wednesday, March 12th. Regency Centers's dividend payout ratio is presently 133.02%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on REG. BTIG Research increased their price objective on Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Wells Fargo & Company lowered their price target on Regency Centers from $81.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Evercore ISI dropped their price target on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 24th. Finally, Mizuho upped their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $78.08.
Read Our Latest Stock Analysis on Regency Centers
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new stake in Regency Centers during the fourth quarter worth $26,000. National Pension Service acquired a new stake in shares of Regency Centers during the 4th quarter valued at about $27,000. TD Waterhouse Canada Inc. increased its stake in Regency Centers by 48,700.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after acquiring an additional 487 shares during the period. Canada Post Corp Registered Pension Plan acquired a new position in Regency Centers in the fourth quarter worth about $39,000. Finally, Catalyst Capital Advisors LLC bought a new position in Regency Centers during the fourth quarter worth about $54,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.
Regency Centers Company Profile
(
Get Free Report)
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.
Further Reading
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