Key Points
- Regency Centers Chairman Martin Stein, Jr. sold 38,000 shares on March 11 at an average price of $77.21 for roughly $2.93M, cutting his stake by 19.40% to 157,892 shares valued at about $12.19M.
- The company declared a quarterly dividend of $0.755 per share (annualized $3.02, yield ≈3.9%) payable April 1 with an ex‑dividend/record date of March 11, while the dividend payout ratio is an elevated 107.86%.
- Regency has a consensus analyst rating of "Moderate Buy" with an average target of $79.50; the stock trades near $77.67 and the company has a market cap of about $14.2B and a PE of ~27.7.
Regency Centers Corporation (NASDAQ:REG - Get Free Report) Chairman Martin Stein, Jr. sold 38,000 shares of the firm's stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $77.21, for a total value of $2,933,980.00. Following the completion of the sale, the chairman owned 157,892 shares of the company's stock, valued at approximately $12,190,841.32. This represents a 19.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Regency Centers Price Performance
Regency Centers stock opened at $77.67 on Thursday. The firm has a 50-day moving average price of $74.07 and a 200-day moving average price of $71.83. The firm has a market capitalization of $14.21 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 3.36 and a beta of 0.91. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. Regency Centers Corporation has a 12-month low of $63.44 and a 12-month high of $79.89.
Regency Centers Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a dividend of $0.755 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.9%. Regency Centers's dividend payout ratio is currently 107.86%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in REG. Corient Private Wealth LLC lifted its stake in shares of Regency Centers by 111.6% during the 4th quarter. Corient Private Wealth LLC now owns 16,478 shares of the company's stock worth $1,138,000 after purchasing an additional 8,691 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Regency Centers by 1,057.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 891 shares of the company's stock valued at $62,000 after buying an additional 814 shares in the last quarter. Tobam grew its position in shares of Regency Centers by 4,422.0% in the 4th quarter. Tobam now owns 12,119 shares of the company's stock worth $837,000 after buying an additional 11,851 shares during the last quarter. Pacer Advisors Inc. lifted its position in Regency Centers by 112.5% during the fourth quarter. Pacer Advisors Inc. now owns 27,697 shares of the company's stock valued at $1,912,000 after acquiring an additional 14,665 shares during the last quarter. Finally, Kera Capital Partners Inc. acquired a new stake in Regency Centers in the fourth quarter valued at approximately $308,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have commented on REG shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $76.00 price objective (down from $81.00) on shares of Regency Centers in a research report on Thursday, December 18th. Robert W. Baird set a $84.00 price target on shares of Regency Centers in a report on Tuesday, February 10th. KeyCorp reiterated a "sector weight" rating on shares of Regency Centers in a report on Thursday, December 4th. Mizuho restated a "neutral" rating and issued a $74.00 target price (down from $77.00) on shares of Regency Centers in a research note on Friday, January 9th. Finally, Royal Bank Of Canada raised shares of Regency Centers to a "sector perform" rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Regency Centers has a consensus rating of "Moderate Buy" and an average target price of $79.50.
View Our Latest Analysis on REG
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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