Today, the Executive VP of Development of Regency Centers (NYSE: REG), Dan Chandler, sold shares of REG for $158.4K.
In addition to Dan Chandler, one other REG executive reported Sell trades in the last month.
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Based on Regency Centers’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $281 million and quarterly net profit of $46.72 million. In comparison, last year the company earned revenue of $259 million and had a net profit of $45.13 million. REG’s market cap is $10.63B and the company has a P/E ratio of 48.40. Currently, Regency Centers has an average volume of 1.11M.
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $65.80, reflecting a -3.7% downside. Three different firms, including Boenning & Scattergood and Credit Suisse, currently also have a Sell rating on the stock.
The insider sentiment on Regency Centers has been negative according to 71 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Regency Centers Corp. operates as a real estate investment trust, which engages in the ownership, management, leasing, acquisition, and development of retail shopping centers. Its portfolio includes thriving properties merchandised with productive grocers, restaurants, service providers, and retailers that connect to their neighborhoods, communities, and customers. The company was founded by Martin Edward Stein, Sr. and Joan Wellhouse Newton in 1963 and is headquartered in Jacksonville, FL.
