Insider Buying: Regency Centers Corp (REG) Director Acquires 1,739 Shares of Stock

Regency Centers Corp (NYSE:REG) Director Bryce Blair purchased 1,739 shares of the firm’s stock in a transaction dated Monday, March 19th. The stock was purchased at an average cost of $57.50 per share, with a total value of $99,992.50. Following the acquisition, the director now directly owns 10,842 shares in the company, valued at $623,415. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bryce Blair also recently made the following trade(s):

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  • On Monday, March 5th, Bryce Blair purchased 1,709 shares of Regency Centers stock. The stock was purchased at an average cost of $58.50 per share, with a total value of $99,976.50.

Regency Centers stock traded down $0.95 on Monday, reaching $57.32. 1,264,773 shares of the company traded hands, compared to its average volume of 1,203,347. The company has a market cap of $9,952.20, a PE ratio of 65.89, a P/E/G ratio of 2.19 and a beta of 0.49. Regency Centers Corp has a 1-year low of $54.87 and a 1-year high of $70.64. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.53.

Regency Centers (NYSE:REG) last posted its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.42). Regency Centers had a net margin of 18.16% and a return on equity of 2.71%. The company had revenue of $257.95 million during the quarter, compared to the consensus estimate of $257.60 million. During the same period in the prior year, the firm posted $0.86 earnings per share. equities research analysts predict that Regency Centers Corp will post 3.8 EPS for the current fiscal year.

Regency Centers announced that its Board of Directors has approved a stock repurchase program on Thursday, February 8th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Tuesday, February 20th were given a dividend of $0.555 per share. The ex-dividend date of this dividend was Friday, February 16th. This is a boost from Regency Centers’s previous quarterly dividend of $0.38. This represents a $2.22 annualized dividend and a yield of 3.87%. Regency Centers’s payout ratio is 255.17%.

A number of large investors have recently modified their holdings of the business. Xact Kapitalforvaltning AB lifted its position in 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 in the last quarter. MetLife Investment Advisors LLC bought a new stake in Regency Centers during the 4th quarter worth about $3,167,000. Gotham Asset Management LLC lifted its position in 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 in the last quarter. Macquarie Group Ltd. lifted its position in 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 in the last quarter. Finally, Verition Fund Management LLC lifted its position in 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 in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on REG shares. Jefferies Group set a $69.00 price target on shares of Regency Centers and gave the company a “hold” rating in a report on Friday, December 15th. Zacks Investment Research cut shares of Regency Centers from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. BMO Capital Markets set a $68.00 price objective on shares of Regency Centers and gave the company a “hold” rating in a research report on Thursday, January 11th. SunTrust Banks reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Regency Centers in a research report on Friday, December 1st. Finally, BTIG Research raised shares of Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Monday, January 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $69.65.

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Regency Centers Company Profile

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.

Insider Buying and Selling by Quarter for Regency Centers (NYSE:REG)

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