Martin Stein, Jr. Sells 129,490 Shares of Regency Centers (NASDAQ:REG) Stock

Regency Centers Corporation (NASDAQ:REG) Chairman Martin Stein, Jr. sold 129,490 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $78.33, for a total value of $10,142,951.70. Following the completion of the transaction, the chairman owned 195,892 shares of the company’s stock, valued at $15,344,220.36. This represents a 39.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Regency Centers Stock Performance

NASDAQ:REG opened at $76.55 on Friday. The stock has a market cap of $14.00 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 3.34 and a beta of 0.91. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. The stock’s 50-day moving average is $74.22 and its 200-day moving average is $71.87. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year high of $79.89.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be issued a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, March 11th. Regency Centers’s payout ratio is presently 107.86%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Havemeyer Place LP acquired a new position in shares of Regency Centers during the fourth quarter valued at about $26,000. Brown Brothers Harriman & Co. grew its stake in shares of Regency Centers by 63.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after buying an additional 157 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Regency Centers in the 2nd quarter valued at about $31,000. Hantz Financial Services Inc. increased its position in Regency Centers by 388.9% in the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $30,000 after buying an additional 350 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in Regency Centers during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Morgan Stanley reiterated an “overweight” rating and set a $85.00 price target on shares of Regency Centers in a report on Monday, January 5th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $76.00 price objective (down from $81.00) on shares of Regency Centers in a report on Thursday, December 18th. Truist Financial raised their target price on Regency Centers from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Mizuho reaffirmed a “neutral” rating and set a $74.00 target price (down from $77.00) on shares of Regency Centers in a report on Friday, January 9th. Finally, Jefferies Financial Group set a $79.00 price target on Regency Centers in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Regency Centers presently has an average rating of “Moderate Buy” and a consensus target price of $79.50.

About Regency Centers

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.