Regency Centers Corporation (REG) VP James D. Thompson Sells 14,983 Shares

Regency Centers Corporation (NYSE:REG) VP James D. Thompson sold 14,983 shares of Regency Centers stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $68.45, for a total value of $1,025,586.35. Following the completion of the transaction, the vice president now directly owns 48,976 shares in the company, valued at approximately $3,352,407.20. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Regency Centers Corporation (NYSE:REG) traded up $0.44 during trading on Thursday, hitting $69.20. The stock had a trading volume of 912,011 shares, compared to its average volume of 1,148,022. The firm has a market cap of $11,667.88, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 2.31 and a beta of 0.58. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53. Regency Centers Corporation has a fifty-two week low of $58.63 and a fifty-two week high of $72.05.

Regency Centers (NYSE:REG) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.04. The business had revenue of $262.14 million during the quarter, compared to analyst estimates of $254.04 million. Regency Centers had a return on equity of 2.82% and a net margin of 17.59%. During the same period in the previous year, the company earned $0.81 EPS. equities research analysts predict that Regency Centers Corporation will post 3.68 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $2.12 annualized dividend and a dividend yield of 3.06%. Regency Centers’s dividend payout ratio is 235.56%.

Several research firms have weighed in on REG. Boenning Scattergood raised Regency Centers from an “under perform” rating to a “neutral” rating in a research note on Tuesday, October 3rd. Zacks Investment Research cut Regency Centers from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. SunTrust Banks reaffirmed a “buy” rating and set a $74.00 target price on shares of Regency Centers in a research note on Friday, December 1st. Robert W. Baird reaffirmed a “buy” rating and set a $72.00 target price on shares of Regency Centers in a research note on Thursday, August 24th. Finally, Royal Bank of Canada raised Regency Centers from an “outperform” rating to a “top pick” rating and lifted their target price for the company from $72.00 to $75.00 in a research note on Thursday, August 17th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $70.59.

Several institutional investors have recently made changes to their positions in REG. IHT Wealth Management LLC acquired a new stake in shares of Regency Centers during the 2nd quarter valued at about $124,000. Perigon Wealth Management LLC lifted its holdings in shares of Regency Centers by 93.2% during the 2nd quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 1,025 shares during the last quarter. Global X Management Co. LLC acquired a new stake in shares of Regency Centers during the 2nd quarter valued at about $179,000. Advisor Group Inc. lifted its holdings in shares of Regency Centers by 15.6% during the 2nd quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 404 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its holdings in shares of Regency Centers by 342.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,100 shares of the real estate investment trust’s stock valued at $194,000 after buying an additional 2,400 shares during the last quarter. Institutional investors and hedge funds own 92.49% of the company’s stock.

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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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