Regency Centers Co. (NASDAQ:REG) CEO Sells $1,831,500.00 in Stock

Regency Centers Co. (NASDAQ:REG - Get Free Report) CEO Lisa Palmer sold 25,000 shares of the business's stock in a transaction dated 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 completion of 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Regency Centers Stock Up 1.4 %

NASDAQ:REG traded up $1.00 during mid-day trading on Monday, hitting $74.33. 876,182 shares of the company's stock traded hands, compared to its average volume of 944,642. The company has a fifty day moving average of $72.59 and a 200 day moving average of $72.64. Regency Centers Co. has a twelve month low of $56.51 and a twelve month high of $76.53. The company has a market capitalization of $13.48 billion, a P/E ratio of 35.06, a P/E/G ratio of 3.75 and a beta of 1.21. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating 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%. On average, analysts forecast that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Wednesday, March 12th. Regency Centers's dividend payout ratio is presently 133.02%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in shares of Regency Centers in the fourth quarter valued at about $26,000. National Pension Service purchased a new stake in shares of Regency Centers in the fourth quarter worth about $27,000. TD Waterhouse Canada Inc. boosted its stake in shares of Regency Centers by 48,700.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after buying an additional 487 shares during the last quarter. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Regency Centers in the fourth quarter worth about $39,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Regency Centers in the fourth quarter worth about $54,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

REG has been the topic of several recent research reports. Mizuho lifted their price target on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, January 8th. BTIG Research boosted their price target on Regency Centers from $72.00 to $79.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Robert W. Baird boosted their price target on Regency Centers from $71.00 to $78.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Wells Fargo & Company reduced their price target on Regency Centers from $81.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Finally, Evercore ISI reduced their price target on Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a research report on Tuesday, December 24th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Regency Centers has a consensus rating of "Moderate Buy" and an average target price of $78.08.

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.