Regency Centers Co. (NASDAQ:REG) Insider Nicholas Andrew Wibbenmeyer Sells 4,158 Shares

Regency Centers Co. (NASDAQ:REG - Get Free Report) insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total value of $301,205.52. Following the completion of the sale, the insider now owns 33,069 shares in the company, valued at $2,395,518.36. This trade represents a 11.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Regency Centers Trading Down 0.3%

Shares of REG stock opened at $70.88 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The business's 50 day moving average is $71.55 and its two-hundred day moving average is $72.79. Regency Centers Co. has a twelve month low of $58.19 and a twelve month high of $78.18. The company has a market capitalization of $12.87 billion, a P/E ratio of 33.42, a price-to-earnings-growth ratio of 3.75 and a beta of 1.02.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.01. The firm had revenue of $370.35 million during the quarter, compared to analysts' expectations of $364.64 million. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. During the same quarter in the prior year, the business earned $1.08 EPS. Equities analysts forecast that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Wednesday, June 11th. Regency Centers's payout ratio is presently 133.02%.

Institutional Investors Weigh In On Regency Centers

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new position in Regency Centers during the fourth quarter worth $1,262,425,000. JPMorgan Chase & Co. grew its position in Regency Centers by 3.9% in the 1st quarter. JPMorgan Chase & Co. now owns 11,574,170 shares of the company's stock worth $853,711,000 after purchasing an additional 432,399 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Regency Centers by 1.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,440,384 shares of the company's stock valued at $771,859,000 after buying an additional 171,047 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Regency Centers by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company's stock valued at $678,873,000 after acquiring an additional 366,427 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Regency Centers by 9.8% in the first quarter. Invesco Ltd. now owns 5,899,497 shares of the company's stock worth $435,147,000 after buying an additional 525,047 shares during the period. 96.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Truist Financial raised their price objective on Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research report on Monday. Finally, Scotiabank decreased their price objective on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $78.08.

About Regency Centers

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.

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