Regency Centers (NASDAQ:REG) Chairman Martin Stein Jr Sells 129,490 Shares

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Regency Centers Chairman Martin Stein Jr sold 129,490 shares of the company’s stock for approximately $10.14 million on March 10th, reducing his stake by nearly 40%. The company recently announced a quarterly dividend of $0.755, yielding 3.9%, but its payout ratio of 107.86% indicates the dividend exceeds current earnings. Analyst sentiment is a “Moderate Buy” with an average target price of $79.50.

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