Nicholas Andrew Wibbenmeyer Sells 7,927 Shares of Regency Centers (NASDAQ:REG) Stock

Regency Centers Corporation (NASDAQ:REG) insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total value of $626,708.62. Following the sale, the insider directly owned 33,069 shares in the company, valued at $2,614,435.14. This trade represents a 19.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Regency Centers Trading Down 1.0%

NASDAQ:REG opened at $78.29 on Thursday. The stock has a fifty day simple moving average of $77.91 and a 200 day simple moving average of $73.42. The company has a quick ratio of 1.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $14.34 billion, a price-to-earnings ratio of 26.99, a price-to-earnings-growth ratio of 3.35 and a beta of 0.82. Regency Centers Corporation has a 1-year low of $66.86 and a 1-year high of $81.66.

Institutional Investors Weigh In On Regency Centers

Several institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new position in Regency Centers in the fourth quarter worth approximately $1,183,667,000. State Street Corp grew its position in Regency Centers by 1.4% in the fourth quarter. State Street Corp now owns 12,572,876 shares of the company’s stock worth $877,261,000 after acquiring an additional 168,884 shares in the last quarter. Principal Financial Group Inc. grew its position in Regency Centers by 10.3% in the first quarter. Principal Financial Group Inc. now owns 10,004,796 shares of the company’s stock worth $756,967,000 after acquiring an additional 931,272 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Regency Centers by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock worth $338,110,000 after purchasing an additional 67,739 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Regency Centers by 7.2% during the 4th quarter. Invesco Ltd. now owns 4,261,437 shares of the company’s stock valued at $294,167,000 after purchasing an additional 287,397 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on REG shares. UBS Group set a $76.00 price target on shares of Regency Centers in a research report on Wednesday, January 14th. Morgan Stanley raised their target price on Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Citigroup upped their price target on Regency Centers from $76.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft raised Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Tuesday, January 20th. Finally, Wells Fargo & Company lifted their target price on Regency Centers from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.00.

About Regency Centers

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.