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 business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the transaction, the chief financial officer now owns 54,020 shares of the company’s stock, valued at approximately $3,975,872. This represents a 27.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $73.28 on Friday. The company’s fifty day moving average is $72.65 and its two-hundred day moving average is $72.54. 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 company has a market cap of $13.29 billion, a P/E ratio of 34.57, a price-to-earnings-growth ratio of 3.75 and a beta of 1.21.

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

Regency Centers Dividend Announcement

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 paid a $0.705 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.85%. Regency Centers’s payout ratio is 133.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on REG shares. Robert W. Baird boosted their price objective on Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. BTIG Research upped their target price on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Wells Fargo & Company dropped their price target on Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Mizuho upped their price target on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Finally, Evercore ISI dropped their price target on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. 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. According to MarketBeat, Regency Centers currently has an average rating of “Moderate Buy” and an average target price of $78.08.

Hedge Funds Weigh In On Regency Centers

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

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.