Michael R. Herman Sells 1,000 Shares of Regency Centers Co. (NASDAQ:REG) Stock

Regency Centers Co. (NASDAQ:REG) VP Michael R. Herman sold 1,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the sale, the vice president now owns 13,010 shares of the company’s stock, valued at approximately $905,105.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Regency Centers Trading Up 1.1 %

Shares of NASDAQ:REG traded up $0.74 during trading on Monday, hitting $70.51. The company had a trading volume of 584,557 shares, compared to its average volume of 1,143,998. The stock has a market cap of $12.80 billion, a price-to-earnings ratio of 34.29, a price-to-earnings-growth ratio of 4.39 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The company has a fifty day simple moving average of $64.77 and a two-hundred day simple moving average of $61.77. Regency Centers Co. has a one year low of $56.29 and a one year high of $71.30.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.48). The firm had revenue of $357.25 million for the quarter, compared to the consensus estimate of $361.56 million. Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. During the same quarter last year, the firm earned $1.03 EPS. As a group, equities analysts forecast that Regency Centers Co. will post 4.23 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Thursday, September 12th. Regency Centers’s payout ratio is presently 130.73%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on REG. Raymond James increased their price objective on shares of Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday. Mizuho lifted their price target on shares of Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Monday. JPMorgan Chase & Co. boosted their price objective on shares of Regency Centers from $71.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Scotiabank decreased their target price on Regency Centers from $68.00 to $65.00 and set a “sector perform” rating on the stock in a report on Thursday, May 16th. Finally, Truist Financial boosted their price target on Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.83.

Institutional Trading of Regency Centers

Several institutional investors and hedge funds have recently modified their holdings of REG. Fidelis Capital Partners LLC bought a new position in Regency Centers during the 1st quarter worth about $27,000. Quest Partners LLC increased its holdings in Regency Centers by 25,250.0% during the second quarter. Quest Partners LLC now owns 507 shares of the company’s stock valued at $32,000 after buying an additional 505 shares during the period. Family Firm Inc. bought a new position in Regency Centers in the second quarter worth approximately $44,000. Blue Trust Inc. lifted its holdings in Regency Centers by 582.1% during the second quarter. Blue Trust Inc. now owns 839 shares of the company’s stock worth $51,000 after buying an additional 716 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in shares of Regency Centers in the 1st quarter valued at $52,000. Institutional investors own 96.07% of the company’s stock.

Regency Centers Company Profile

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.