Insider Selling: 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 stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the sale, the chief financial officer now owns 54,020 shares of the company’s stock, valued at $3,975,872. This trade represents a 27.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Regency Centers Stock Up 0.1 %

Shares of NASDAQ REG opened at $73.33 on Friday. The firm has a market capitalization of $13.30 billion, a PE ratio of 34.59, a price-to-earnings-growth 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 Co. has a 1 year low of $56.51 and a 1 year high of $76.53. The firm’s 50-day moving average is $72.61 and its 200-day moving average is $72.59.

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, beating the consensus estimate 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 EPS for the current year.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s payout ratio is 133.02%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new position in Regency Centers during the 4th quarter worth approximately $26,000. National Pension Service bought a new position in Regency Centers during the 4th quarter worth approximately $27,000. TD Waterhouse Canada Inc. boosted its stake in Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company’s stock worth $36,000 after acquiring an additional 487 shares during the last quarter. Canada Post Corp Registered Pension Plan bought a new position in Regency Centers during the 4th quarter worth approximately $39,000. Finally, Catalyst Capital Advisors LLC bought a new position in Regency Centers during the 4th quarter worth approximately $54,000. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. BTIG Research raised their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Wells Fargo & Company lowered their price objective on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Mizuho raised their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Finally, Evercore ISI lowered their price objective on shares of 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. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.08.

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.