Regency Centers Corp (REG) Director Sells $101,262,832.92 in Stock

Regency Centers Corp (NYSE:REG) Director Chaim Katzman sold 1,759,257 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $57.56, for a total transaction of $101,262,832.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Chaim Katzman also recently made the following trade(s):

  • On Friday, January 26th, Chaim Katzman sold 52,771 shares of Regency Centers stock. The stock was sold at an average price of $64.14, for a total transaction of $3,384,731.94.
  • On Tuesday, January 23rd, Chaim Katzman sold 257,076 shares of Regency Centers stock. The stock was sold at an average price of $64.33, for a total transaction of $16,537,699.08.
  • On Friday, January 19th, Chaim Katzman sold 17,600 shares of Regency Centers stock. The stock was sold at an average price of $64.06, for a total transaction of $1,127,456.00.
  • On Tuesday, January 16th, Chaim Katzman sold 47,230 shares of Regency Centers stock. The stock was sold at an average price of $64.32, for a total transaction of $3,037,833.60.
  • On Thursday, January 11th, Chaim Katzman sold 204,602 shares of Regency Centers stock. The stock was sold at an average price of $64.90, for a total transaction of $13,278,669.80.

Regency Centers Corp (REG) traded up $0.02 during midday trading on Tuesday, reaching $58.06. The company’s stock had a trading volume of 2,551,471 shares, compared to its average volume of 1,182,152. The company has a current ratio of 0.94, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53. The firm has a market cap of $9,946.02, a P/E ratio of 66.74, a PEG ratio of 2.18 and a beta of 0.43. Regency Centers Corp has a 12-month low of $54.87 and a 12-month high of $72.05.

Regency Centers (NYSE:REG) last released its earnings results 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 net margin of 18.16% and a return on equity of 2.71%. The business had revenue of $257.95 million for the quarter, compared to analysts’ expectations of $257.60 million. During the same period last year, the firm earned $0.86 EPS. research analysts forecast that Regency Centers Corp will post 3.8 earnings per share for the current fiscal year.

Regency Centers declared that its board has authorized a stock buyback plan 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 reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 3.82%. The ex-dividend date is Friday, February 16th. This is a boost from Regency Centers’s previous quarterly dividend of $0.38. Regency Centers’s payout ratio is 243.68%.

A number of large investors have recently added to or reduced their stakes in the business. Norinchukin Bank The grew its stake in Regency Centers by 8.5% during the 3rd quarter. Norinchukin Bank The now owns 11,012 shares of the real estate investment trust’s stock valued at $683,000 after acquiring an additional 861 shares in the last quarter. Retirement Systems of Alabama grew its stake in Regency Centers by 1.2% during the 3rd quarter. Retirement Systems of Alabama now owns 71,787 shares of the real estate investment trust’s stock valued at $4,454,000 after acquiring an additional 869 shares in the last quarter. Aperio Group LLC grew its stake in Regency Centers by 1.7% during the 4th quarter. Aperio Group LLC now owns 54,445 shares of the real estate investment trust’s stock valued at $3,767,000 after acquiring an additional 934 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in Regency Centers by 3.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 29,981 shares of the real estate investment trust’s stock valued at $2,074,000 after acquiring an additional 950 shares in the last quarter. Finally, Lenox Wealth Management Inc. grew its stake in Regency Centers by 11.0% during the 4th quarter. Lenox Wealth Management Inc. now owns 11,053 shares of the real estate investment trust’s stock valued at $765,000 after acquiring an additional 1,095 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors.

Several brokerages have commented on REG. Zacks Investment Research cut shares of Regency Centers from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Robert W. Baird restated a “buy” rating on shares of Regency Centers in a report on Friday, November 3rd. Boenning Scattergood restated a “hold” rating on shares of Regency Centers in a report on Monday, November 6th. BTIG Research upgraded Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Monday, January 29th. Finally, BMO Capital Markets set a $68.00 price objective on Regency Centers and gave the stock a “hold” rating in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $71.29.

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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.

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

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