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Regency Centers Corp (NYSE:REG) COO Brian M. Smith sold 10,000 shares of the stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $56.81, for a total value of $568,100.00. Following the completion of the sale, 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 is available at this link.

Shares of Regency Centers Corp (NYSE:REG) traded down 0.19% during mid-day trading on Wednesday, hitting $57.40. 189,707 shares of the company’s stock traded hands. Regency Centers Corp has a 52 week low of $45.31 and a 52 week high of $57.56. The stock’s 50-day moving average is $55.62 and its 200-day moving average is $52.90. The company has a market cap of $5.277 billion and a P/E ratio of 42.07.

Regency Centers Corp (NYSE:REG) last announced its earnings results on Wednesday, August 6th. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.04. During the same quarter in the prior year, the company posted $0.67 earnings per share. On average, analysts predict that Regency Centers Corp will post $2.78 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Monday, August 18th.

A number of research firms have recently commented on REG. 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Regency Centers Corp currently has a consensus 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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