Regency Centers Co. (NASDAQ:REG) CFO Michael J. Mas Sells 20,000 Shares

Regency Centers Co. (NASDAQ:REG) CFO Michael J. Mas sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the sale, the chief financial officer now owns 54,020 shares in the company, valued at $3,975,872. This represents a 27.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Regency Centers Stock Up 0.1 %

Regency Centers stock opened at $73.33 on Friday. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $76.53. The stock has a market cap of $13.30 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 3.75 and a beta of 1.21. The firm’s 50-day simple moving average is $72.61 and its 200 day simple moving average is $72.57. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. Research analysts predict that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is presently 133.02%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Evercore ISI cut their target price on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. JPMorgan Chase & Co. raised their price target on shares of Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Mizuho raised their price target on shares of Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. KeyCorp initiated coverage on shares of Regency Centers in a research note on Friday, October 25th. They set an “overweight” rating and a $80.00 price target for the company. Finally, Wells Fargo & Company dropped their price target on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.08.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Glenmede Trust Co. NA boosted its holdings in Regency Centers by 4.4% during the third quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock worth $244,000 after purchasing an additional 141 shares during the last quarter. State of Wyoming raised its position in Regency Centers by 11.3% in the fourth quarter. State of Wyoming now owns 1,543 shares of the company’s stock worth $114,000 after acquiring an additional 157 shares during the period. Coldstream Capital Management Inc. increased its holdings in shares of Regency Centers by 4.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company’s stock worth $286,000 after purchasing an additional 163 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Regency Centers by 3.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company’s stock valued at $356,000 after acquiring an additional 164 shares in the last quarter. Finally, Greenleaf Trust raised its stake in Regency Centers by 3.8% in the fourth quarter. Greenleaf Trust now owns 4,735 shares of the company’s stock valued at $350,000 after purchasing an additional 172 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

About Regency Centers

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.