Regency Centers Corp (REG) Insider Nicholas Andrew Wibbenmeyer Sells 2,621 Shares

Regency Centers Corp (NYSE:REG) insider Nicholas Andrew Wibbenmeyer sold 2,621 shares of Regency Centers stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $64.27, for a total value of $168,451.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NYSE:REG traded down $0.43 during midday trading on Thursday, reaching $64.01. 850,766 shares of the company traded hands, compared to its average volume of 895,309. Regency Centers Corp has a twelve month low of $55.38 and a twelve month high of $67.10. The firm has a market capitalization of $10.96 billion, a P/E ratio of 17.35, a P/E/G ratio of 2.50 and a beta of 0.37. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.87 and a quick ratio of 0.87.

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Regency Centers (NYSE:REG) last announced its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.48). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The business had revenue of $277.07 million for the quarter, compared to analyst estimates of $269.96 million. During the same quarter last year, the firm posted $0.92 EPS. Research analysts anticipate that Regency Centers Corp will post 3.78 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Shareholders of record on Monday, February 25th will be given a dividend of $0.585 per share. This represents a $2.34 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Friday, February 22nd. This is a positive change from Regency Centers’s previous quarterly dividend of $0.56. Regency Centers’s payout ratio is 60.16%.

A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its stake in shares of Regency Centers by 4.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,981,523 shares of the real estate investment trust’s stock worth $128,144,000 after buying an additional 79,055 shares in the last quarter. Pensionfund Sabic bought a new stake in shares of Regency Centers in the 4th quarter worth $1,320,000. Capital Investment Advisors LLC raised its stake in shares of Regency Centers by 8.0% in the 4th quarter. Capital Investment Advisors LLC now owns 53,369 shares of the real estate investment trust’s stock worth $3,132,000 after buying an additional 3,958 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Regency Centers by 828.0% in the 3rd quarter. Deutsche Bank AG now owns 2,656,966 shares of the real estate investment trust’s stock worth $171,822,000 after buying an additional 2,370,654 shares in the last quarter. Finally, American International Group Inc. raised its stake in shares of Regency Centers by 21.9% in the 3rd quarter. American International Group Inc. now owns 61,037 shares of the real estate investment trust’s stock worth $3,947,000 after buying an additional 10,984 shares in the last quarter. Institutional investors own 93.87% of the company’s stock.

Several research analysts have recently commented on the company. Zacks Investment Research lowered Regency Centers from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Barclays upgraded Regency Centers from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $63.00 to $69.00 in a research report on Monday, February 4th. SunTrust Banks reiterated a “buy” rating and issued a $70.00 target price on shares of Regency Centers in a research report on Friday, February 22nd. Citigroup set a $75.00 target price on Regency Centers and gave the stock a “buy” rating in a research report on Friday, February 22nd. Finally, Royal Bank of Canada lowered Regency Centers from a “top pick” rating to an “outperform” rating and set a $62.30 price objective for the company. in a research report on Friday, December 14th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Regency Centers currently has a consensus rating of “Buy” and a consensus price target of $69.12.

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Regency Centers Company Profile

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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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