Mutual of America Capital Management LLC Has $1.45 Million Stock Position in Regency Centers Co. (NASDAQ:REG)

Mutual of America Capital Management LLC reduced its position in Regency Centers Co. (NASDAQ:REG) by 2.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,568 shares of the company’s stock after selling 547 shares during the period. Mutual of America Capital Management LLC’s holdings in Regency Centers were worth $1,447,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE grew its stake in shares of Regency Centers by 8.8% during the third quarter. US Bancorp DE now owns 8,036 shares of the company’s stock worth $580,000 after purchasing an additional 647 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Regency Centers by 7.9% during the third quarter. Crossmark Global Holdings Inc. now owns 9,486 shares of the company’s stock worth $685,000 after purchasing an additional 696 shares during the period. Versor Investments LP acquired a new stake in shares of Regency Centers during the third quarter worth $523,000. Entropy Technologies LP acquired a new stake in shares of Regency Centers during the third quarter worth $591,000. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of Regency Centers by 25.2% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 68,631 shares of the company’s stock worth $4,957,000 after purchasing an additional 13,812 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Regency Centers

In related news, CEO Lisa Palmer sold 25,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the completion of the transaction, the chief executive officer now directly owns 139,923 shares of the company’s stock, valued at approximately $10,250,758.98. This represents a 15.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the 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 transaction, the chief financial officer now directly owns 54,020 shares of the company’s stock, valued at $3,975,872. This trade represents a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Regency Centers Stock Down 0.7 %

REG stock opened at $73.96 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The stock has a market capitalization of $13.41 billion, a P/E ratio of 34.89, a P/E/G ratio of 3.75 and a beta of 1.23. The business has a 50-day moving average of $72.92 and a 200-day moving average of $72.98. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $78.18.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share 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 anticipate that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently disclosed 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 3.81%. Regency Centers’s dividend payout ratio is currently 133.02%.

Analyst Upgrades and Downgrades

REG has been the subject of a number of analyst reports. Mizuho lifted their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. BTIG Research lifted their price objective on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Wells Fargo & Company decreased their price objective on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Finally, Evercore ISI reduced their target price 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 investment 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $78.08.

Regency Centers 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.