Insider Selling: Regency Centers Corp Director Sells 1,000 Shares of Stock (REG)
Regency Centers Corp (NYSE:REG) Director Dan M. Chandler III unloaded 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $57.06, for a total transaction of $57,060.00. Following the transaction, the director now directly owns 10,890 shares of the company’s stock, valued at approximately $621,383. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Regency Centers Corp (NYSE:REG) traded up 0.12% on Wednesday, hitting $57.48. The stock had a trading volume of 355,338 shares. Regency Centers Corp has a 52 week low of $45.31 and a 52 week high of $57.99. The stock has a 50-day moving average of $56.03 and a 200-day moving average of $53.45. The company has a market cap of $5.285 billion and a price-to-earnings ratio of 42.00.
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 declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Shareholders 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target 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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