Regency Centers Corp (REG): J Christian Leavitt , Chief Accounting Officer of Regency Centers Corp sold 3,000 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $79.28 per share for a total value of $237,840.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 10, 2016, H Craig Ramey (other) sold 4,920 shares at $77.65 per share price.On May 10, 2016, Iii Dan M. Chandler, (Executive VP of Development) sold 2,000 shares at $78.97 per share price.Also, On May 9, 2016, Nicholas Andrew Wibbenmeyer (other) sold 1,969 shares at $78.10 per share price.On May 9, 2016, Lisa Palmer (President and CFO) sold 10,000 shares at $77.80 per share price.
Regency Centers Corp: On Friday, May 6, 2016 heightened volatility was witnessed in Regency Centers Corp which led to swings in the share price. The shares opened for trading at $77.62 and hit $78.59 on the upside , eventually ending the session at $78.47, with a gain of 0.99% or 0.77 points. The heightened volatility saw the trading volume jump to 6,86,143 shares. The 52-week high of the share price is $78.59 and the company has a market cap of $7,659 M . The 52-week low of the share price is at $55.79.
Company has been under the radar of several Street Analysts.Regency Centers Corp is Downgraded by Argus to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 17, 2016.Regency Centers Corp is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 68 from a previous price target of $63 .The Rating was issued on Feb 29, 2016.
Regency Centers Corporation is a real estate investment trust (REIT) and the general partner of the Regency Centers L.P. (operating partnership). The Companys operating investing and financing activities are performed through the Operating Partnership its wholly owned subsidiaries and through its co-investment partnerships. The Companys properties consist primarily of grocery-anchored shopping centers. As of December 31 2014 the Company directly owned 202 Consolidated Properties located in 21 states representing 23.2 million square feet of gross leasable area (GLA). Through co-investment partnerships it owns partial ownership interests in 120 Unconsolidated Properties located in 23 states and the District of Columbia representing 15.0 million square feet of GLA. The shopping centers’ tenant base includes national and regional supermarkets drug stores discount department stores and other retailers.