Regency Centers (NASDAQ:REG) Insider Terah Devereaux Sells 1,240 Shares

Regency Centers Corporation (NASDAQ:REG) insider Terah Devereaux sold 1,240 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $80.14, for a total transaction of $99,373.60. Following the completion of the sale, the insider directly owned 17,990 shares of the company’s stock, valued at $1,441,718.60. The trade was a 6.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Regency Centers Stock Performance

Shares of NASDAQ:REG traded down $1.02 during midday trading on Monday, hitting $79.26. The stock had a trading volume of 2,294,900 shares, compared to its average volume of 1,411,063. The company has a market capitalization of $14.51 billion, a PE ratio of 27.33, a P/E/G ratio of 3.40 and a beta of 0.81. The stock has a 50 day moving average price of $78.46 and a two-hundred day moving average price of $74.89. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a 1 year low of $66.86 and a 1 year high of $81.66.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be issued a $0.755 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.02 annualized dividend and a dividend yield of 3.8%. Regency Centers’s payout ratio is presently 104.14%.

Institutional Trading of Regency Centers

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Havemeyer Place LP acquired a new stake in shares of Regency Centers in the fourth quarter valued at about $26,000. Brown Brothers Harriman & Co. lifted its stake in shares of Regency Centers by 63.1% in the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 157 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of Regency Centers in the second quarter valued at about $31,000. Hantz Financial Services Inc. lifted its stake in shares of Regency Centers by 388.9% in the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $30,000 after purchasing an additional 350 shares during the period. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Regency Centers in the second quarter valued at about $34,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Evercore set a $80.00 target price on shares of Regency Centers in a report on Friday, May 1st. UBS Group lifted their target price on shares of Regency Centers from $75.00 to $81.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Wells Fargo & Company lifted their target price on shares of Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Regency Centers in a report on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 target price on the stock. in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $82.27.

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.