Insider Selling: Regency Centers Co. (NASDAQ:REG) CFO Sells 20,000 Shares of Stock

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 shares were sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the completion of the sale, the chief financial officer now owns 54,020 shares of the company’s stock, valued at approximately $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Regency Centers Trading Down 0.4 %

REG stock traded down $0.31 during trading on Thursday, hitting $73.13. 296,116 shares of the company traded hands, compared to its average volume of 934,270. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $76.53. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The company has a 50-day moving average of $72.69 and a 200-day moving average of $72.53. The firm has a market capitalization of $13.26 billion, a PE ratio of 34.48, a P/E/G ratio of 3.72 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last issued its earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, beating 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%. Analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued 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 3.86%. Regency Centers’s dividend payout ratio (DPR) is 133.02%.

Institutional Investors Weigh In On Regency Centers

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on REG shares. BTIG Research upped their price target on shares of 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 lowered 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. Evercore ISI reduced their price objective on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. KeyCorp began coverage on Regency Centers in a research note on Friday, October 25th. They issued an “overweight” rating and a $80.00 target price for the company. Finally, Mizuho boosted their target price on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.