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

Regency Centers Co. (NASDAQ:REG - Get Free Report) CFO Michael J. Mas sold 20,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 54,020 shares in the company, valued at approximately $3,975,872. This trade represents a 27.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Regency Centers Trading Up 1.4 %

REG stock traded up $1.00 during midday trading on Monday, hitting $74.33. 876,182 shares of the company's stock were exchanged, compared to its average volume of 944,642. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.53. The business has a 50-day simple moving average of $72.59 and a two-hundred day simple moving average of $72.64. The stock has a market capitalization of $13.48 billion, a PE ratio of 35.06, a P/E/G ratio of 3.75 and a beta of 1.21. 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 - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. On average, sell-side analysts predict that Regency Centers Co. will post 4.54 EPS 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. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.705 per share. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.79%. Regency Centers's dividend payout ratio is currently 133.02%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Mizuho raised their target price on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. increased their price target 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 cut their price target on Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. Wells Fargo & Company cut their price target on Regency Centers from $81.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Finally, BTIG Research increased their price target on Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $78.08.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of REG. Ameriflex Group Inc. purchased a new position in Regency Centers in the fourth quarter valued at $53,000. Toronto Dominion Bank boosted its holdings in Regency Centers by 7.5% in the fourth quarter. Toronto Dominion Bank now owns 89,182 shares of the company's stock valued at $6,593,000 after purchasing an additional 6,186 shares during the period. GF Fund Management CO. LTD. purchased a new position in Regency Centers in the fourth quarter valued at $232,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Regency Centers by 2.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,132,494 shares of the company's stock valued at $157,655,000 after purchasing an additional 56,741 shares during the period. Finally, Woodline Partners LP purchased a new position in Regency Centers in the fourth quarter valued at $722,000. 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.