Regency Centers Co. (NASDAQ:REG) CFO Sells $1,472,000.00 in Stock

Regency Centers Co. (NASDAQ:REG) CFO Michael J. Mas sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the sale, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. This represents a 27.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Regency Centers Stock Performance

NASDAQ:REG opened at $73.28 on Friday. The firm has a market capitalization of $13.29 billion, a PE ratio of 34.57, a price-to-earnings-growth ratio of 3.75 and a beta of 1.21. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $76.53. The firm has a 50-day moving average price of $72.65 and a 200 day moving average price of $72.54.

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

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is 133.02%.

Wall Street Analysts Forecast Growth

REG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Evercore ISI lowered their price objective on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. KeyCorp assumed coverage on shares of Regency Centers in a research report on Friday, October 25th. They set an “overweight” rating and a $80.00 target price on the stock. BTIG Research increased their price target on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company dropped their price objective on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.08.

Institutional Trading of Regency Centers

A number of large investors have recently bought and sold shares of REG. Creative Planning grew its position in Regency Centers by 6.5% in the third quarter. Creative Planning now owns 13,276 shares of the company’s stock valued at $959,000 after acquiring an additional 816 shares during the period. Blue Trust Inc. grew its position in Regency Centers by 310.1% in the third quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock valued at $249,000 after acquiring an additional 2,602 shares during the period. Greenleaf Trust boosted its stake in Regency Centers by 5.5% in the third quarter. Greenleaf Trust now owns 4,563 shares of the company’s stock worth $330,000 after purchasing an additional 238 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Regency Centers by 7,209.8% in the third quarter. International Assets Investment Management LLC now owns 18,567 shares of the company’s stock worth $1,341,000 after purchasing an additional 18,313 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Regency Centers by 43.7% in the third quarter. Assenagon Asset Management S.A. now owns 6,817 shares of the company’s stock worth $492,000 after purchasing an additional 2,073 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Company Profile

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.