267,873 Shares in Regency Centers Co. (NASDAQ:REG) Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP purchased a new stake in Regency Centers Co. (NASDAQ:REG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 267,873 shares of the company's stock, valued at approximately $19,804,000. ExodusPoint Capital Management LP owned about 0.15% of Regency Centers as of its most recent filing with the Securities and Exchange Commission.

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

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Insider Activity at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the transaction, the chairman now directly owns 110,263 shares of the company's stock, valued at $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. This represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock valued at $6,977,500 over the last quarter. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wells Fargo & Company cut their target price on 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 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 upped their target price on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, January 8th. Three investment 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $78.00.

Regency Centers Trading Down 1.9 %

REG traded down $1.32 on Monday, hitting $67.45. The company had a trading volume of 727,410 shares, compared to its average volume of 1,062,154. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $78.18. The firm has a market cap of $12.24 billion, a P/E ratio of 31.63, a PEG ratio of 3.75 and a beta of 1.03. The company's fifty day moving average price is $73.23 and its 200 day moving average price is $72.90. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66.

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

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 4.18%. The ex-dividend date was Wednesday, March 12th. Regency Centers's payout ratio is 133.02%.

About Regency Centers

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.