Allianz Asset Management GmbH Decreases Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Allianz Asset Management GmbH lowered its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 390,986 shares of the company's stock after selling 7,712 shares during the period. Allianz Asset Management GmbH owned 0.22% of Regency Centers worth $28,906,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. State Street Corp lifted its holdings in Regency Centers by 1.1% during the third quarter. State Street Corp now owns 11,768,052 shares of the company's stock valued at $857,892,000 after purchasing an additional 131,300 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Regency Centers by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock valued at $801,056,000 after purchasing an additional 435,932 shares during the period. Principal Financial Group Inc. raised its position in shares of Regency Centers by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company's stock valued at $678,873,000 after purchasing an additional 366,427 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Regency Centers by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,312,535 shares of the company's stock valued at $167,034,000 after buying an additional 71,278 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Regency Centers by 1,138.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company's stock worth $149,932,000 after buying an additional 1,908,153 shares during the period. Institutional investors own 96.07% of the company's stock.

Regency Centers Price Performance

Regency Centers stock traded up $0.31 during mid-day trading on Thursday, hitting $75.56. 808,285 shares of the company traded hands, compared to its average volume of 938,373. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. Regency Centers Co. has a one year low of $56.51 and a one year high of $76.53. The stock has a market cap of $13.70 billion, a price-to-earnings ratio of 35.64, a price-to-earnings-growth ratio of 3.75 and a beta of 1.22. The stock has a fifty day moving average price of $72.63 and a 200-day moving average price of $72.70.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share (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%. On average, equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.705 per share. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.73%. Regency Centers's dividend payout ratio is 133.02%.

Insider Buying and Selling

In related news, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction 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 owns 54,020 shares in the company, valued at $3,975,872. This trade represents a 27.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the sale, the chief executive officer now owns 139,923 shares of the company's stock, valued at approximately $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on REG shares. Wells Fargo & Company lowered their target price on shares of Regency Centers from $81.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Mizuho boosted their price objective on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. BTIG Research raised their target price on Regency Centers from $72.00 to $79.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Evercore ISI decreased their price target on Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of Regency Centers from $77.00 to $80.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently 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.