Nucor earnings beat by $0.08, revenue fell short of estimates
JACKSONVILLE, FL—Lisa Palmer, President and CEO of Regency Centers Corp (NASDAQ:REG), sold 25,000 shares of the company’s common stock on February 19, 2025. The shares were sold at a weighted average price of $73.263, resulting in a total transaction value of approximately $1.83 million. Following this sale, Palmer retains direct ownership of 139,923 shares. According to InvestingPro data, the stock is currently trading near its 52-week high of $76.53, with the company valued at approximately $13.3 billion.
The reported sale was executed over multiple transactions at prices ranging from $73.06 to $73.52. This transaction comes as part of routine activity for Palmer, who maintains a significant equity stake in the real estate investment trust. InvestingPro analysis indicates the stock is currently trading above its Fair Value.
Regency Centers Corp, headquartered in Jacksonville, Florida, is a prominent player in the real estate investment trust sector, focusing on owning and operating shopping centers. The company has maintained dividend payments for 32 consecutive years and currently offers a 3.8% dividend yield. Discover more insights about REG and access comprehensive analysis of 1,400+ stocks with InvestingPro’s detailed research reports.
In other recent news, Regency Centers reported its fourth-quarter 2024 earnings, which showed a slight miss in earnings per share (EPS) and revenue compared to analyst expectations. The company posted an EPS of $0.47, slightly below the forecasted $0.48, and revenue came in at $359.1 million, falling short of the projected $366.64 million. Despite these misses, Regency Centers achieved a 5% growth in core operating earnings for the year and completed $230 million in development projects. KeyBanc Capital Markets maintained an Overweight rating on Regency Centers, with a price target of $84, citing the company’s resilience amid increased bankruptcy-related activities and its potential for above-average growth. Regency Centers’ portfolio leased rate reached a record 96.7%, supported by a robust leasing pipeline, including $44 million in incremental annual base rent. The company anticipates a same-property net operating income growth of 3.2% to 4% for 2025 and plans to continue its $250 million annual development program. Regency Centers’ strategic focus on development and redevelopment projects is expected to drive further financial performance enhancements.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.