Regency Centers Co. (NASDAQ:REG) Shares Sold by Barclays PLC

Barclays PLC lessened its position in shares of Regency Centers Co. (NASDAQ:REG) by 28.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 253,052 shares of the company’s stock after selling 98,797 shares during the period. Barclays PLC’s holdings in Regency Centers were worth $18,711,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trustmark National Bank Trust Department grew its position in shares of Regency Centers by 12.8% during the 4th quarter. Trustmark National Bank Trust Department now owns 11,228 shares of the company’s stock valued at $830,000 after acquiring an additional 1,272 shares during the period. Sterling Capital Management LLC grew its holdings in Regency Centers by 53.1% in the fourth quarter. Sterling Capital Management LLC now owns 10,728 shares of the company’s stock valued at $793,000 after purchasing an additional 3,721 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Regency Centers in the fourth quarter valued at approximately $2,660,000. Martingale Asset Management L P raised its stake in shares of Regency Centers by 43.8% during the 4th quarter. Martingale Asset Management L P now owns 6,607 shares of the company’s stock worth $488,000 after buying an additional 2,011 shares during the period. Finally, APG Asset Management N.V. purchased a new position in shares of Regency Centers during the 4th quarter valued at approximately $6,711,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total value of $3,674,000.00. Following the sale, the chairman now directly owns 110,263 shares of the company’s stock, valued at approximately $8,102,125.24. The trade was a 31.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 54,020 shares of the company’s stock, valued at $3,975,872. The trade was a 27.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,000 shares of company stock valued at $6,977,500 over the last quarter. 1.00% of the stock is owned by insiders.

Regency Centers Stock Up 2.1 %

Shares of REG opened at $71.66 on Friday. Regency Centers Co. has a 52-week low of $58.08 and a 52-week high of $78.18. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. The stock has a fifty day simple moving average of $72.38 and a two-hundred day simple moving average of $72.66. The company has a market capitalization of $13.01 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03.

Regency Centers (NASDAQ:REG) last issued its earnings results on Thursday, February 6th. The company reported $1.09 EPS 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%. As a group, equities analysts forecast that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a $0.705 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.94%. Regency Centers’s payout ratio is 133.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on REG shares. Evercore ISI reduced 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. Mizuho lifted their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company reduced their target price on Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $78.00.

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.