Key Points
- Regency Centers Chairman Martin Stein Jr. sold 10,000 shares on Feb. 20 at an average price of $76.30 for $763,000, trimming his stake by 3.54% to 272,133 shares; the transaction was disclosed in an SEC filing.
- Regency declared a quarterly dividend of $0.755 per share (annualized $3.02, yield ~3.9%), with record/ex-dividend dates on March 11 and payment on April 1; the dividend payout ratio is about 107.9%.
- Shares trade near $77 (12‑month range $63.44–$78.25) with a $14.13B market cap and a consensus analyst target of $78.79 (average rating: "Moderate Buy"), and institutional investors own roughly 96% of the stock.
Regency Centers Corporation (NASDAQ:REG - Get Free Report) Chairman Martin Stein, Jr. sold 10,000 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $76.30, for a total value of $763,000.00. Following the sale, the chairman directly owned 272,133 shares in the company, valued at $20,763,747.90. This trade represents a 3.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Regency Centers Trading Down 0.7%
REG opened at $77.27 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. The firm has a market cap of $14.13 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 3.35 and a beta of 0.94. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $78.25. The stock has a fifty day moving average price of $71.94 and a 200-day moving average price of $71.27.
Regency Centers Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be given a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, March 11th. Regency Centers's dividend payout ratio is presently 107.86%.
Analysts Set New Price Targets
A number of equities research analysts recently commented on REG shares. KeyCorp reissued a "sector weight" rating on shares of Regency Centers in a research report on Thursday, December 4th. Royal Bank Of Canada upgraded Regency Centers to a "sector perform" rating in a report on Friday, January 9th. Scotiabank dropped their target price on Regency Centers from $78.00 to $76.00 and set a "sector perform" rating on the stock in a research note on Wednesday, January 14th. Argus upgraded Regency Centers to a "strong-buy" rating in a research note on Wednesday, November 5th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $85.00 price target on shares of Regency Centers in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Regency Centers currently has an average rating of "Moderate Buy" and a consensus target price of $78.79.
Check Out Our Latest Research Report on Regency Centers
Institutional Trading of Regency Centers
A number of institutional investors and hedge funds have recently added to or reduced their stakes in REG. Wolverine Asset Management LLC acquired a new stake in Regency Centers during the 3rd quarter valued at approximately $1,083,000. Inspire Investing LLC raised its holdings in shares of Regency Centers by 441.4% during the third quarter. Inspire Investing LLC now owns 21,736 shares of the company's stock worth $1,585,000 after purchasing an additional 17,721 shares during the last quarter. Pacific Heights Asset Management LLC lifted its position in Regency Centers by 50.0% during the third quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company's stock valued at $16,402,000 after purchasing an additional 75,000 shares during the period. Geode Capital Management LLC lifted its position in Regency Centers by 1.4% during the second quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company's stock valued at $339,669,000 after purchasing an additional 65,719 shares during the period. Finally, Rakuten Investment Management Inc. purchased a new stake in Regency Centers in the third quarter valued at $1,031,000. Institutional investors and hedge funds own 96.07% of the company's stock.
About Regency Centers
(
Get Free Report)
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.
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