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

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

Regency Centers Price Performance

Shares of REG opened at $73.33 on Friday. The company has a market cap of $13.30 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 3.75 and a beta of 1.21. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.53. The company’s fifty day simple moving average is $72.61 and its 200 day simple moving average is $72.59. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66.

Regency Centers (NASDAQ:REG) last issued its 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%. On average, research analysts forecast that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently announced 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. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a yield of 3.85%. Regency Centers’s payout ratio is 133.02%.

Hedge Funds Weigh In On Regency Centers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Regency Centers during the fourth quarter worth $1,262,425,000. State Street Corp boosted its position in Regency Centers by 1.1% during the third quarter. State Street Corp now owns 11,768,052 shares of the company’s stock worth $857,892,000 after purchasing an additional 131,300 shares during the period. JPMorgan Chase & Co. boosted its position in Regency Centers by 0.5% during the fourth quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company’s stock worth $823,711,000 after purchasing an additional 51,424 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Regency Centers by 1.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,440,384 shares of the company’s stock worth $771,859,000 after purchasing an additional 171,047 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Regency Centers by 4.2% during the fourth quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company’s stock worth $678,873,000 after purchasing an additional 366,427 shares during the period. 96.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

REG has been the topic of a number of research reports. Robert W. Baird lifted their price target on shares of Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Wells Fargo & Company cut their price target on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Evercore ISI cut their price target 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. Mizuho lifted their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.08.

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.