Anyone interested in Regency Centers Corporation (NASDAQ:REG) should probably be aware that the Independent Director, Thomas Wattles, recently divested US$148k worth of shares in the company, at an average price of US$63.37 each. However, the silver lining is that the sale only reduced their total holding by 4.8%, so we're hesitant to read anything much into it, on its own.
The Last 12 Months Of Insider Transactions At Regency Centers
Over the last year, we can see that the biggest insider sale was by the Executive Chairman of the Board, Martin Stein, for US$3.2m worth of shares, at about US$64.92 per share. That means that an insider was selling shares at around the current price of US$64.06. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).
In the last year Regency Centers insiders didn't buy any company stock. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that Regency Centers insiders own 1.2% of the company, worth about US$124m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About Regency Centers Insiders?
An insider hasn't bought Regency Centers stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
But note: Regency Centers may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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