Insider Selling: Brian M. Smith Unloads 10,000 Shares of Regency Centers Corp Stock (REG)
Regency Centers Corp (NYSE:REG) COO Brian M. Smith sold 10,000 shares of Regency Centers Corp stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $56.81, for a total transaction of $568,100.00. Following the completion of the transaction, the chief operating officer now directly owns 103,816 shares in the company, valued at approximately $5,897,787. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Regency Centers Corp (NYSE:REG) traded up 1.01% during mid-day trading on Monday, hitting $57.03. The stock had a trading volume of 447,369 shares. Regency Centers Corp has a one year low of $45.31 and a one year high of $57.14. The stock’s 50-day moving average is $55.52 and its 200-day moving average is $52.70. The company has a market cap of $5.243 billion and a P/E ratio of 41.30.
Regency Centers Corp (NYSE:REG) last released its earnings data on Wednesday, August 6th. The company reported $0.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.67 by $0.04. During the same quarter last year, the company posted $0.67 earnings per share. Analysts expect that Regency Centers Corp will post $2.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Monday, August 18th.
Several analysts have recently commented on the stock. Analysts at Bank of America upgraded shares of Regency Centers Corp to a “neutral” rating in a research note on Monday, August 11th. Separately, analysts at RBC Capital raised their price target on shares of Regency Centers Corp from $58.00 to $60.00 in a research note on Friday, August 8th. Finally, analysts at Barclays raised their price target on shares of Regency Centers Corp from $51.00 to $53.00 in a research note on Monday, July 21st. They now have an “equal weight” rating on the stock. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $53.83.
Regency Centers Corporation, is a real estate investment trust (NYSE:REG) and is the managing general partner in Regency Centers, L.
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