Regency Centers Corp (NYSE:REG) Insider Sells $197,220.00 in Stock

Regency Centers Corp (NYSE:REG) insider Alan Todd Roth sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $65.74, for a total transaction of $197,220.00. Following the sale, the insider now directly owns 8,001 shares of the company’s stock, valued at approximately $525,985.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of REG stock traded up $0.54 during trading hours on Monday, hitting $65.73. 626,940 shares of the company were exchanged, compared to its average volume of 856,138. The firm has a market cap of $10.92 billion, a P/E ratio of 17.81, a P/E/G ratio of 2.50 and a beta of 0.37. Regency Centers Corp has a fifty-two week low of $55.50 and a fifty-two week high of $70.26. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 0.87. The company has a 50 day simple moving average of $66.49 and a two-hundred day simple moving average of $66.51.

Regency Centers (NYSE:REG) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.01). Regency Centers had a net margin of 23.19% and a return on equity of 3.86%. The business had revenue of $268.43 million during the quarter, compared to analyst estimates of $271.87 million. During the same period in the previous year, the business posted $0.28 EPS. As a group, sell-side analysts expect that Regency Centers Corp will post 3.78 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Monday, August 12th will be given a $0.585 dividend. This represents a $2.34 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Friday, August 9th. Regency Centers’s payout ratio is currently 63.41%.

A number of hedge funds and other institutional investors have recently bought and sold shares of REG. Nuveen Asset Management LLC grew its position in Regency Centers by 122.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,856,520 shares of the real estate investment trust’s stock valued at $190,644,000 after purchasing an additional 1,575,165 shares during the period. PGGM Investments grew its position in Regency Centers by 54.0% in the 2nd quarter. PGGM Investments now owns 4,070,645 shares of the real estate investment trust’s stock valued at $271,675,000 after purchasing an additional 1,427,645 shares during the period. Vanguard Group Inc. grew its position in Regency Centers by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 26,661,698 shares of the real estate investment trust’s stock valued at $1,779,402,000 after purchasing an additional 1,427,631 shares during the period. Invesco Ltd. grew its position in Regency Centers by 12.7% in the 2nd quarter. Invesco Ltd. now owns 4,092,710 shares of the real estate investment trust’s stock valued at $273,146,000 after purchasing an additional 461,012 shares during the period. Finally, Brookfield Asset Management Inc. grew its position in Regency Centers by 23.0% in the 2nd quarter. Brookfield Asset Management Inc. now owns 2,005,316 shares of the real estate investment trust’s stock valued at $133,835,000 after purchasing an additional 374,516 shares during the period. 93.87% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on REG. Citigroup set a $76.00 price objective on shares of Regency Centers and gave the stock a “buy” rating in a research report on Monday, May 20th. BMO Capital Markets set a $64.00 price objective on shares of Regency Centers and gave the stock a “hold” rating in a research report on Friday, August 2nd. Scotiabank raised shares of Regency Centers from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $68.00 to $72.00 in a research report on Friday. Finally, Compass Point began coverage on shares of Regency Centers in a research report on Thursday. They set a “neutral” rating and a $67.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $69.12.

Regency Centers Company Profile

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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.

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Insider Buying and Selling by Quarter for Regency Centers (NYSE:REG)

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