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Regency Centers Announces Passing of Co-Founder Joan Newton
Regency Centers announced the passing of co-founder Joan Wellhouse Stein Newton at age 97, a pioneering figure in the REIT sector who led the company through its 1993 IPO. Her son and current executive chair, Martin E. “Hap” Stein, Jr., may sell between 150,000 and 200,000 shares for estate planning, but this will not change his role or commitment to the company. Analysts rate REG stock as a Buy with a $91.00 price target, and TipRanks’ AI Analyst, Spark, rates it as Outperform due to durable cash generation and solid operating fundamentals.