Alan Todd Roth Sells 1,658 Shares of Regency Centers Corp (REG) Stock

Regency Centers Corp (NYSE:REG) insider Alan Todd Roth sold 1,658 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $65.15, for a total value of $108,018.70. Following the transaction, the insider now owns 11,001 shares in the company, valued at $716,715.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

NYSE REG opened at $64.34 on Wednesday. Regency Centers Corp has a fifty-two week low of $55.38 and a fifty-two week high of $67.10. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $10.96 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37.

Regency Centers (NYSE:REG) last released its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.48). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The business had revenue of $277.07 million during the quarter, compared to analysts’ expectations of $269.96 million. During the same quarter last year, the business posted $0.92 EPS. As a group, research analysts expect that Regency Centers Corp will post 3.78 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Monday, February 25th were issued a $0.585 dividend. The ex-dividend date of this dividend was Friday, February 22nd. This represents a $2.34 annualized dividend and a yield of 3.64%. This is a boost from Regency Centers’s previous quarterly dividend of $0.56. Regency Centers’s dividend payout ratio (DPR) is 63.41%.

Several equities analysts recently issued reports on REG shares. Zacks Investment Research upgraded Regency Centers from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Tuesday, January 29th. Citigroup set a $75.00 price target on Regency Centers and gave the stock a “buy” rating in a research report on Friday, February 22nd. SunTrust Banks reiterated a “buy” rating and issued a $70.00 price objective on shares of Regency Centers in a report on Friday, February 22nd. BMO Capital Markets set a $64.00 price objective on Regency Centers and gave the stock a “hold” rating in a report on Thursday, February 14th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $66.00 price objective on shares of Regency Centers in a report on Monday, December 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $69.12.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REG. First Trust Advisors LP lifted its stake in shares of Regency Centers by 267.0% in the 3rd quarter. First Trust Advisors LP now owns 88,782 shares of the real estate investment trust’s stock valued at $5,742,000 after purchasing an additional 64,589 shares during the period. US Bancorp DE lifted its stake in shares of Regency Centers by 7.0% in the 3rd quarter. US Bancorp DE now owns 15,346 shares of the real estate investment trust’s stock valued at $992,000 after purchasing an additional 1,007 shares during the period. Comerica Bank lifted its stake in shares of Regency Centers by 48.3% in the 3rd quarter. Comerica Bank now owns 62,151 shares of the real estate investment trust’s stock valued at $3,900,000 after purchasing an additional 20,251 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Regency Centers by 10.5% in the 3rd quarter. Wells Fargo & Company MN now owns 265,025 shares of the real estate investment trust’s stock valued at $17,139,000 after purchasing an additional 25,246 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Regency Centers by 6.2% in the 3rd quarter. SG Americas Securities LLC now owns 29,735 shares of the real estate investment trust’s stock valued at $1,923,000 after purchasing an additional 1,744 shares during the period. Institutional investors and hedge funds own 93.87% of the company’s stock.

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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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