Cbre Investment Management Listed Real Assets LLC Reduces Position in Regency Centers Co. (NASDAQ:REG)

Cbre Investment Management Listed Real Assets LLC cut its stake in Regency Centers Co. (NASDAQ:REG - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,542,507 shares of the company's stock after selling 16,798 shares during the period. Regency Centers comprises about 2.0% of Cbre Investment Management Listed Real Assets LLC's investment portfolio, making the stock its 14th largest position. Cbre Investment Management Listed Real Assets LLC owned 0.85% of Regency Centers worth $114,038,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Glenmede Trust Co. NA grew its holdings in Regency Centers by 4.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company's stock worth $244,000 after acquiring an additional 141 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in Regency Centers by 4.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company's stock worth $286,000 after acquiring an additional 163 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Regency Centers by 3.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company's stock worth $356,000 after acquiring an additional 164 shares in the last quarter. Greenleaf Trust grew its holdings in Regency Centers by 3.8% during the 4th quarter. Greenleaf Trust now owns 4,735 shares of the company's stock worth $350,000 after acquiring an additional 172 shares in the last quarter. Finally, Groupama Asset Managment raised its position in shares of Regency Centers by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 27,046 shares of the company's stock valued at $1,954,000 after purchasing an additional 212 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Evercore ISI decreased 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 increased their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, January 8th. Wells Fargo & Company decreased their price objective on shares of Regency Centers from $81.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Finally, 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 research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $78.08.

Regency Centers Stock Performance

Shares of NASDAQ REG traded down $0.49 during midday trading on Friday, reaching $73.96. 993,022 shares of the stock were exchanged, compared to its average volume of 1,011,166. 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 firm has a market cap of $13.41 billion, a price-to-earnings ratio of 34.89, a PEG ratio of 3.75 and a beta of 1.23. The firm has a 50-day simple moving average of $72.92 and a two-hundred day simple moving average of $72.94. Regency Centers Co. has a twelve month low of $56.51 and a twelve month high of $78.18.

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

Regency Centers Announces Dividend

The company also recently announced 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. This represents a $2.82 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers's dividend payout ratio (DPR) is 133.02%.

Insider Activity

In related news, CEO Lisa Palmer sold 25,000 shares of the business's stock in a transaction 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the business's stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 54,020 shares of the company's stock, valued at approximately $3,975,872. The trade was a 27.02 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

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.