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

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 owns 139,923 shares of the company’s stock, valued at approximately $10,250,758.98. This represents a 15.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Regency Centers Stock Performance

Regency Centers stock opened at $73.28 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 firm has a market capitalization of $13.29 billion, a P/E ratio of 34.57, a price-to-earnings-growth ratio of 3.75 and a beta of 1.21. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.53. The company’s 50-day moving average is $72.65 and its 200 day moving average is $72.54.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. Research analysts forecast that Regency Centers Co. will post 4.54 EPS for the current 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 issued 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 yield of 3.85%. Regency Centers’s payout ratio is currently 133.02%.

Institutional Investors Weigh In On Regency Centers

Institutional investors and hedge funds have recently bought and sold shares of the company. Glenmede Trust Co. NA increased its stake in shares of Regency Centers by 4.4% during the third quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock valued at $244,000 after buying an additional 141 shares during the period. State of Wyoming grew its holdings in Regency Centers by 11.3% during the 4th quarter. State of Wyoming now owns 1,543 shares of the company’s stock worth $114,000 after acquiring an additional 157 shares in the last quarter. Coldstream Capital Management Inc. increased its position in Regency Centers by 4.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company’s stock valued at $286,000 after purchasing an additional 163 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Regency Centers by 3.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company’s stock valued at $356,000 after purchasing an additional 164 shares in the last quarter. Finally, Greenleaf Trust lifted its position in shares of Regency Centers by 3.8% in the 4th quarter. Greenleaf Trust now owns 4,735 shares of the company’s stock worth $350,000 after purchasing an additional 172 shares during the period. 96.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Robert W. Baird increased their price objective on shares of Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Wells Fargo & Company reduced their target price on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. BTIG Research increased their price target on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, 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 research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.08.

About Regency Centers

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.