Regency Centers (NASDAQ:REG) Shares Down 0.3% After Insider Selling

Regency Centers Co. (NASDAQ:REG)’s share price fell 0.3% on Thursday following insider selling activity. The stock traded as low as $71.78 and last traded at $71.78. 201,540 shares traded hands during trading, a decline of 80% from the average session volume of 1,003,878 shares. The stock had previously closed at $72.00.

Specifically, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were 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 of the company’s stock, valued at $8,102,125.24. This represents a 31.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on REG shares. Mizuho upped their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Evercore ISI dropped their price target on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. Wells Fargo & Company cut 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. Finally, BTIG Research lifted their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Regency Centers currently has a consensus rating of “Moderate Buy” and an average price target of $78.08.

Regency Centers Price Performance

The business has a fifty day moving average of $72.85 and a 200-day moving average of $73.01. 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 cap of $12.77 billion, a PE ratio of 33.20, a PEG ratio of 3.75 and a beta of 1.23.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. As a group, research analysts predict that Regency Centers Co. will post 4.54 earnings per share 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. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 4.01%. Regency Centers’s dividend payout ratio (DPR) is presently 133.02%.

Hedge Funds Weigh In On Regency Centers

Large investors have recently modified their holdings of the company. Heck Capital Advisors LLC bought a new position in Regency Centers during the fourth quarter valued at approximately $26,000. National Pension Service purchased a new stake in shares of Regency Centers in the 4th quarter valued at $27,000. TD Waterhouse Canada Inc. boosted its stake in shares of Regency Centers by 48,700.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company’s stock valued at $36,000 after purchasing an additional 487 shares in the last quarter. Canada Post Corp Registered Pension Plan bought a new position in shares of Regency Centers during the 4th quarter valued at $39,000. Finally, Ameriflex Group Inc. purchased a new position in Regency Centers in the 4th quarter worth $53,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

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.