Regency Centers Corporation (REG) Director Sells $511,128.50 in Stock
Regency Centers Corporation (NYSE:REG) Director Mary Lou Fiala sold 7,775 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $65.74, for a total value of $511,128.50. Following the completion of the transaction, the director now directly owns 17,145 shares in the company, valued at $1,127,112.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Regency Centers Corporation (REG) opened at 65.75 on Friday. Regency Centers Corporation has a 12 month low of $58.63 and a 12 month high of $82.44. The stock’s 50 day moving average price is $65.02 and its 200-day moving average price is $64.90. The firm has a market capitalization of $11.16 billion, a price-to-earnings ratio of 109.22 and a beta of 0.56.
Regency Centers Corporation (NYSE:REG) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.03. The company had revenue of $240.42 million during the quarter, compared to analyst estimates of $248.50 million. Regency Centers Corporation had a return on equity of 2.20% and a net margin of 13.19%. During the same quarter in the prior year, the business earned $0.81 earnings per share. Equities analysts anticipate that Regency Centers Corporation will post $0.92 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th will be issued a dividend of $0.53 per share. The ex-dividend date is Monday, August 14th. This represents a $2.12 dividend on an annualized basis and a yield of 3.22%. Regency Centers Corporation’s dividend payout ratio is currently 353.34%.
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Several equities analysts have issued reports on the company. Robert W. Baird reissued a “buy” rating and issued a $72.00 price target on shares of Regency Centers Corporation in a research note on Thursday. Zacks Investment Research lowered Regency Centers Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. BidaskClub lowered Regency Centers Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. TheStreet raised Regency Centers Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $67.00 price target (down from $70.00) on shares of Regency Centers Corporation in a research note on Monday, July 10th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $74.30.
A number of hedge funds have recently bought and sold shares of REG. DnB Asset Management AS bought a new stake in Regency Centers Corporation during the first quarter worth $716,000. Nisa Investment Advisors LLC raised its stake in Regency Centers Corporation by 46.6% in the first quarter. Nisa Investment Advisors LLC now owns 21,140 shares of the real estate investment trust’s stock worth $1,403,000 after buying an additional 6,720 shares in the last quarter. Hartford Investment Management Co. bought a new stake in Regency Centers Corporation during the first quarter worth $2,228,000. Oakbrook Investments LLC raised its stake in Regency Centers Corporation by 11.3% in the first quarter. Oakbrook Investments LLC now owns 6,081 shares of the real estate investment trust’s stock worth $404,000 after buying an additional 619 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its stake in Regency Centers Corporation by 22.8% in the first quarter. Candriam Luxembourg S.C.A. now owns 23,229 shares of the real estate investment trust’s stock worth $1,542,000 after buying an additional 4,315 shares in the last quarter. Institutional investors own 88.89% of the company’s stock.
About Regency Centers Corporation
Regency Centers Corporation is a real estate investment trust (REIT). The Company is the general partner of Regency Centers, L.P. (the Operating Partnership). The Company is engaged in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership.
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