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In a recent transaction, Martin E. Stein Jr., the Executive Chairman of Regency Centers Corp (NASDAQ:REG), sold 25,000 shares of the company’s common stock. The sale, which took place on February 18, 2025, was executed at a weighted average price of $72.32 per share, amounting to a total transaction value of approximately $1.8 million. The transaction occurs as REG trades near its 52-week high of $76.53, with InvestingPro analysis indicating the stock is slightly overvalued at current levels.
Following this sale, Stein holds 287,958 shares directly. Additionally, he maintains indirect ownership in several capacities: 24,201 shares are held in a trust for his adult children, 160,263 shares are controlled by a family corporation, 325,382 shares are owned through two general partnerships where he is a general partner, and 4,000 shares are held in a trust for his own benefit.
These transactions reflect Stein’s ongoing management of his holdings in the real estate investment trust, which specializes in owning and operating shopping centers.
In other recent news, Regency Centers Corporation reported its fourth-quarter 2024 earnings, which slightly missed analyst expectations. The company posted an earnings per share (EPS) of $0.47, just 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. Additionally, KeyBanc Capital Markets maintained its Overweight rating on Regency Centers, with a price target of $84, citing the company’s resilience and potential for above-average growth. The company has demonstrated strong fundamentals, with a record 96.7% leased rate in its portfolio and a robust embedded leasing pipeline. Regency Centers also completed $230 million in development projects in 2024, contributing to its financial performance. The company plans to continue its $250 million annual development program, with expected yields of over 9% from its redevelopment and development pipeline. Looking forward, Regency Centers anticipates a same-property net operating income growth of 3.2% to 4% and plans to improve rent-paying occupancy by 75 basis points.
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