Regency Centers Corporation (NYSE:REG) CAO J Christian Leavitt sold 2,000 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $67.61, for a total transaction of $135,220.00. Following the transaction, the chief accounting officer now directly owns 14,314 shares in the company, valued at $967,769.54. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Regency Centers Corporation (REG) opened at $68.59 on Wednesday. The firm has a market cap of $11,496.07, a PE ratio of 18.57, a PEG ratio of 2.28 and a beta of 0.58. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.63 and a quick ratio of 0.63. Regency Centers Corporation has a 1 year low of $58.63 and a 1 year 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, topping the Zacks’ consensus estimate of $0.91 by $0.04. The company had revenue of $262.14 million for the quarter, compared to analysts’ expectations of $254.04 million. Regency Centers had a net margin of 17.59% and a return on equity of 2.82%. During the same quarter in the previous year, the business posted $0.81 EPS. research analysts anticipate that Regency Centers Corporation will post 3.68 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date was Tuesday, November 14th. Regency Centers’s payout ratio is 235.56%.
A number of brokerages have issued reports on REG. SunTrust Banks reissued a “buy” rating and set a $74.00 price objective on shares of Regency Centers in a research report on Friday, December 1st. Zacks Investment Research downgraded shares of Regency Centers from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Royal Bank of Canada raised shares of Regency Centers from an “outperform” rating to a “top pick” rating and upped their target price for the stock from $72.00 to $75.00 in a research report on Thursday, August 17th. Jefferies Group downgraded shares of Regency Centers from a “buy” rating to a “hold” rating and reduced their target price for the stock from $74.00 to $67.00 in a research report on Friday, September 15th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $72.00 target price on shares of Regency Centers in a research report on Thursday, August 24th. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $70.59.
Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in Regency Centers by 15.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,274,814 shares of the real estate investment trust’s stock worth $267,775,000 after purchasing an additional 560,110 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Regency Centers by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 5,156,883 shares of the real estate investment trust’s stock worth $319,928,000 after purchasing an additional 193,020 shares in the last quarter. Citigroup Inc. boosted its stake in Regency Centers by 32.4% in the 2nd quarter. Citigroup Inc. now owns 248,150 shares of the real estate investment trust’s stock worth $15,544,000 after purchasing an additional 60,733 shares in the last quarter. Aviva PLC boosted its stake in Regency Centers by 4.8% in the 2nd quarter. Aviva PLC now owns 92,877 shares of the real estate investment trust’s stock worth $5,820,000 after purchasing an additional 4,250 shares in the last quarter. Finally, Honeywell International Inc. boosted its stake in Regency Centers by 27.8% in the 3rd quarter. Honeywell International Inc. now owns 56,679 shares of the real estate investment trust’s stock worth $3,516,000 after purchasing an additional 12,312 shares in the last quarter. Institutional investors own 92.49% of the company’s stock.
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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.
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