Regency Centers Corp (NYSE:REG) insider Lisa Palmer sold 15,000 shares of the stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $64.80, for a total transaction of $972,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Regency Centers stock opened at $64.18 on Friday. The stock has a market cap of $10.87 billion, a P/E ratio of 17.39, a PEG ratio of 2.50 and a beta of 0.37. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.57. Regency Centers Corp has a 12-month low of $55.38 and a 12-month high of $67.10.
Regency Centers (NYSE:REG) last announced its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.48). The firm had revenue of $277.07 million for the quarter, compared to analyst estimates of $269.96 million. Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. During the same quarter last year, the business earned $0.92 EPS. As a group, equities research analysts forecast that Regency Centers Corp will post 3.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Monday, February 25th will be given a dividend of $0.585 per share. The ex-dividend date is Friday, February 22nd. This represents a $2.34 dividend on an annualized basis and a dividend yield of 3.65%. This is a boost from Regency Centers’s previous quarterly dividend of $0.56. Regency Centers’s dividend payout ratio (DPR) is 60.16%.
REG has been the subject of a number of recent research reports. SunTrust Banks restated a “buy” rating and issued a $69.00 price objective on shares of Regency Centers in a research note on Monday, November 19th. Royal Bank of Canada cut shares of Regency Centers from a “top pick” rating to an “outperform” rating and set a $62.30 price objective for the company. in a research note on Friday, December 14th. Jefferies Financial Group restated a “hold” rating and issued a $66.00 price objective on shares of Regency Centers in a research note on Monday, December 17th. Zacks Investment Research upgraded shares of Regency Centers from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Tuesday, January 29th. Finally, Barclays upgraded shares of Regency Centers from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $63.00 to $69.00 in a research report on Monday, February 4th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Regency Centers currently has a consensus rating of “Buy” and an average price target of $69.12.
Institutional investors have recently made changes to their positions in the stock. Cohen & Steers Inc. increased its position in Regency Centers by 170.4% in the 3rd quarter. Cohen & Steers Inc. now owns 10,944,435 shares of the real estate investment trust’s stock valued at $707,777,000 after acquiring an additional 6,896,949 shares in the last quarter. Deutsche Bank AG increased its position in Regency Centers by 828.0% in the 3rd quarter. Deutsche Bank AG now owns 2,656,966 shares of the real estate investment trust’s stock valued at $171,822,000 after acquiring an additional 2,370,654 shares in the last quarter. Alliancebernstein L.P. increased its position in Regency Centers by 181.1% in the 3rd quarter. Alliancebernstein L.P. now owns 2,102,264 shares of the real estate investment trust’s stock valued at $135,953,000 after acquiring an additional 1,354,319 shares in the last quarter. BlackRock Inc. increased its position in Regency Centers by 7.6% in the 3rd quarter. BlackRock Inc. now owns 16,535,804 shares of the real estate investment trust’s stock valued at $1,069,372,000 after acquiring an additional 1,163,234 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Regency Centers by 31.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,292,020 shares of the real estate investment trust’s stock valued at $277,565,000 after acquiring an additional 1,032,217 shares in the last quarter. Institutional investors and hedge funds own 93.87% of the company’s stock.
About Regency Centers
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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