APG Asset Management US Inc. Sells 1,040,615 Shares of Regency Centers Co. (NASDAQ:REG)

APG Asset Management US Inc. lessened its holdings in Regency Centers Co. (NASDAQ:REG - Free Report) by 34.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,023,988 shares of the company's stock after selling 1,040,615 shares during the period. Regency Centers accounts for about 1.1% of APG Asset Management US Inc.'s investment portfolio, making the stock its 20th biggest holding. APG Asset Management US Inc. owned approximately 1.12% of Regency Centers worth $149,633,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of REG. Heck Capital Advisors LLC acquired a new stake in shares of Regency Centers in the fourth quarter worth $26,000. National Pension Service acquired a new position in Regency Centers during the 4th quarter worth $27,000. Catalyst Capital Advisors LLC bought a new stake in Regency Centers during the fourth quarter valued at about $54,000. Venturi Wealth Management LLC grew its position in shares of Regency Centers by 4,400.0% in the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock valued at $63,000 after purchasing an additional 836 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Regency Centers by 27.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock worth $74,000 after purchasing an additional 219 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Michael J. Mas sold 20,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were 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 owns 54,020 shares in the company, valued at $3,975,872. This represents a 27.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the business's stock in a transaction dated 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is currently owned by insiders.

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Regency Centers Price Performance

NASDAQ:REG traded up $0.98 during mid-day trading on Friday, hitting $69.40. The company's stock had a trading volume of 908,517 shares, compared to its average volume of 1,068,965. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of 32.74, a P/E/G ratio of 3.75 and a beta of 1.03. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $78.18. The stock has a fifty day moving average of $72.66 and a 200-day moving average of $72.68.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating 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, equities analysts forecast that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders 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 dividend on an annualized basis and a yield of 4.06%. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Wall Street Analyst Weigh In

REG has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their target price on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Evercore ISI dropped their target price on shares of 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, Mizuho increased their price target on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, January 8th. Three equities 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.