Cohen & Steers Inc. Cuts Holdings in Regency Centers Co. (NASDAQ:REG)

Cohen & Steers Inc. cut its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 15.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,597 shares of the company's stock after selling 5,701 shares during the period. Cohen & Steers Inc.'s holdings in Regency Centers were worth $2,336,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Regency Centers during the 4th quarter worth about $1,262,425,000. JPMorgan Chase & Co. increased its stake in Regency Centers by 0.5% in the fourth quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company's stock valued at $823,711,000 after acquiring an additional 51,424 shares during the last quarter. Principal Financial Group Inc. boosted its stake in 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 buying an additional 366,427 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Regency Centers by 121.2% in the 4th quarter. Invesco Ltd. now owns 5,374,450 shares of the company's stock valued at $397,333,000 after purchasing an additional 2,944,854 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Regency Centers by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 4,568,525 shares of the company's stock worth $336,955,000 after buying an additional 86,644 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Ratings Changes

REG has been the topic of several recent research reports. Wells Fargo & Company cut their target price on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Evercore ISI reduced their price objective on Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. Finally, Mizuho raised their price target on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Regency Centers has an average rating of "Moderate Buy" and an average target price of $78.00.

Regency Centers Stock Performance

REG traded up $1.45 during mid-day trading on Friday, reaching $71.66. 635,249 shares of the company traded hands, compared to its average volume of 1,058,661. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. Regency Centers Co. has a 52-week low of $56.94 and a 52-week high of $78.18. The stock has a market capitalization of $13.01 billion, a P/E ratio of 33.80, a P/E/G ratio of 3.75 and a beta of 1.03. The company's fifty day moving average price is $72.44 and its 200-day moving average price is $72.65.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. On average, sell-side analysts expect that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

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

Insiders Place Their Bets

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the sale, the chairman now directly owns 110,263 shares of the company's stock, valued at $8,102,125.24. This trade represents a 31.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the transaction, the chief financial officer now directly owns 54,020 shares of the company's stock, valued at approximately $3,975,872. This trade represents 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 worth $6,977,500. Company 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.