Regency Centers Co. (NASDAQ:REG) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,018,377 shares of the company's stock after selling 258,254 shares during the period. American Century Companies Inc. owned about 1.11% of Regency Centers worth $149,219,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of REG. Quest Partners LLC increased its holdings in Regency Centers by 84.8% in the third quarter. Quest Partners LLC now owns 937 shares of the company's stock valued at $68,000 after buying an additional 430 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Regency Centers in the 3rd quarter valued at about $355,000. PNC Financial Services Group Inc. increased its stake in shares of Regency Centers by 21.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 18,121 shares of the company's stock valued at $1,309,000 after purchasing an additional 3,188 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Regency Centers by 405.6% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 77,952 shares of the company's stock worth $5,630,000 after purchasing an additional 62,534 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Regency Centers by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,312,535 shares of the company's stock worth $167,034,000 after purchasing an additional 71,278 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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Regency Centers Price Performance

Shares of Regency Centers stock traded up $0.65 on Wednesday, hitting $72.83. 555,064 shares of the company were exchanged, compared to its average volume of 1,004,300. 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 company has a 50-day moving average price of $73.03 and a 200 day moving average price of $73.00. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its earnings results 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 return on equity of 5.91% and a net margin of 27.54%. As a group, sell-side analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 3.87%. Regency Centers's dividend payout ratio is currently 133.02%.

Insider Activity

In other news, CEO Lisa Palmer sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the sale, the chief executive officer now directly 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 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. In the last 90 days, insiders have sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on REG shares. Wells Fargo & Company cut their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Wednesday. Evercore ISI cut their price target on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. BTIG Research increased their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, Mizuho boosted their target price on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

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.