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

Regency Centers Co. (NASDAQ:REG)’s share price traded down 0.3% during trading 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 mid-day 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 firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total value of $3,674,000.00. Following the sale, the chairman now owns 110,263 shares of the company’s stock, valued at approximately $8,102,125.24. This trade represents a 31.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Analysts Set New Price Targets

REG has been the subject of several recent analyst reports. BTIG Research upped their price objective on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Mizuho boosted their target price on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Evercore ISI reduced 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 note on Tuesday, December 24th. Finally, Wells Fargo & Company decreased their price target on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Three investment 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 data from MarketBeat.com, Regency Centers presently has an average rating of “Moderate Buy” and a consensus price target of $78.08.

Regency Centers Trading Down 2.2 %

The company has a market cap of $12.77 billion, a P/E ratio of 33.20, a PEG ratio of 3.75 and a beta of 1.23. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. The firm’s 50 day moving average is $72.85 and its two-hundred day moving average is $73.01.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. As a group, equities research analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 4.01%. Regency Centers’s dividend payout ratio (DPR) is currently 133.02%.

Institutional Investors Weigh In On Regency Centers

Several large investors have recently modified their holdings of REG. Heck Capital Advisors LLC bought a new stake in Regency Centers during the fourth quarter valued at $26,000. National Pension Service acquired a new position in shares of Regency Centers in the 4th quarter valued at about $27,000. TD Waterhouse Canada Inc. lifted 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 during the period. Canada Post Corp Registered Pension Plan bought a new stake in shares of Regency Centers during the 4th quarter valued at about $39,000. Finally, Ameriflex Group Inc. acquired a new stake in Regency Centers during the fourth quarter worth approximately $53,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.