Lisa Palmer Sells 25,000 Shares of Regency Centers Co. (NASDAQ:REG) Stock

Regency Centers Co. (NASDAQ:REG) CEO Lisa Palmer sold 25,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the sale, the chief executive officer now directly owns 139,923 shares in the company, valued at $10,250,758.98. This trade represents a 15.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Regency Centers Trading Up 0.1 %

Shares of Regency Centers stock opened at $73.33 on Friday. The firm has a 50-day simple moving average of $72.61 and a two-hundred day simple moving average of $72.57. The company has a market cap of $13.30 billion, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 3.75 and a beta of 1.21. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $76.53. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share 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, equities analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of REG. Heck Capital Advisors LLC acquired a new position in shares of Regency Centers during the 4th quarter worth about $26,000. National Pension Service acquired a new position in shares of Regency Centers during the 4th quarter worth about $27,000. TD Waterhouse Canada Inc. raised its position in shares of Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company’s stock worth $36,000 after purchasing an additional 487 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new position in shares of Regency Centers during the 4th quarter worth about $39,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Regency Centers during the 4th quarter worth about $54,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on REG shares. KeyCorp started coverage on shares of Regency Centers in a report on Friday, October 25th. They set an “overweight” rating and a $80.00 price objective on the stock. Evercore ISI dropped their price objective on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Mizuho boosted 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. Robert W. Baird boosted their price objective on shares of Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, BTIG Research boosted their target price on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Three investment 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 MarketBeat, Regency Centers presently has a consensus 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.