Regency Centers Corp (NYSE:REG) Director John C. Schweitzer sold 7,136 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $58.36, for a total value of $416,456.96. Following the completion of the sale, the director now directly owns 45,847 shares in the company, valued at approximately $2,675,630.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Regency Centers Corp (NYSE REG) opened at $57.91 on Wednesday. Regency Centers Corp has a fifty-two week low of $54.87 and a fifty-two week high of $72.05. The firm has a market capitalization of $9,850.00, a P/E ratio of 66.56, a PEG ratio of 2.21 and a beta of 0.43. The company has a current ratio of 0.94, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53.
Regency Centers (NYSE:REG) last announced its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.42). Regency Centers had a return on equity of 5.14% and a net margin of 23.96%. The firm had revenue of $257.95 million for the quarter, compared to analyst estimates of $257.60 million. During the same period in the previous year, the business posted $0.86 EPS. research analysts expect that Regency Centers Corp will post 3.8 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Friday, February 16th. This is a positive change from Regency Centers’s previous quarterly dividend of $0.38. Regency Centers’s dividend payout ratio (DPR) is presently 255.17%.
A number of analysts have issued reports on REG shares. Zacks Investment Research lowered Regency Centers from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Robert W. Baird reaffirmed a “buy” rating on shares of Regency Centers in a report on Friday, November 3rd. Boenning Scattergood reaffirmed a “hold” rating on shares of Regency Centers in a report on Monday, November 6th. SunTrust Banks reaffirmed a “buy” rating and issued a $74.00 target price on shares of Regency Centers in a report on Friday, December 1st. Finally, Jefferies Group set a $69.00 target price on Regency Centers and gave the company a “hold” rating in a report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $70.71.
Several large investors have recently made changes to their positions in REG. Xact Kapitalforvaltning AB lifted its position in shares of Regency Centers by 2.5% during the 4th quarter. Xact Kapitalforvaltning AB now owns 75,555 shares of the real estate investment trust’s stock worth $5,227,000 after buying an additional 1,856 shares during the period. MetLife Investment Advisors LLC bought a new position in shares of Regency Centers during the 4th quarter worth approximately $3,167,000. Gotham Asset Management LLC lifted its position in shares of Regency Centers by 11.3% during the 4th quarter. Gotham Asset Management LLC now owns 22,519 shares of the real estate investment trust’s stock worth $1,558,000 after buying an additional 2,289 shares during the period. Macquarie Group Ltd. lifted its position in shares of Regency Centers by 9.5% during the 4th quarter. Macquarie Group Ltd. now owns 468,067 shares of the real estate investment trust’s stock worth $29,725,000 after buying an additional 40,732 shares during the period. Finally, Verition Fund Management LLC lifted its position in shares of Regency Centers by 104.3% during the 4th quarter. Verition Fund Management LLC now owns 11,571 shares of the real estate investment trust’s stock worth $800,000 after buying an additional 5,906 shares during the period. 91.74% of the stock is currently owned by institutional investors.
About Regency Centers
Regency Centers Corporation is a real estate investment trust (REIT). The Company is the general partner of Regency Centers, L.P. (the Operating Partnership). The Company is engaged in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership.
Receive News & Ratings for Regency Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regency Centers and related companies with MarketBeat.com's FREE daily email newsletter.