Hsbc Holdings PLC Cuts Position in Regency Centers Co. (NASDAQ:REG)

Hsbc Holdings PLC lowered its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,164,338 shares of the company's stock after selling 16,493 shares during the quarter. Hsbc Holdings PLC owned about 0.64% of Regency Centers worth $86,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in REG. World Investment Advisors LLC purchased a new position in shares of Regency Centers in the 3rd quarter valued at approximately $782,000. Tidal Investments LLC boosted its holdings in shares of Regency Centers by 17.8% in the 3rd quarter. Tidal Investments LLC now owns 7,417 shares of the company's stock valued at $536,000 after acquiring an additional 1,120 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Regency Centers by 6.3% during the third quarter. Franklin Resources Inc. now owns 278,647 shares of the company's stock worth $19,703,000 after purchasing an additional 16,617 shares during the last quarter. JPMorgan Chase & Co. grew its position in Regency Centers by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock worth $801,056,000 after purchasing an additional 435,932 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Regency Centers by 39.9% during the 4th quarter. GAMMA Investing LLC now owns 3,891 shares of the company's stock valued at $288,000 after purchasing an additional 1,109 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Insider Buying and Selling at Regency Centers

In other news, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction dated 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 sale, the chief financial officer now owns 54,020 shares in the company, valued at approximately $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total value of $3,674,000.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 95,000 shares of company stock valued at $6,977,500 in the last quarter. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

REG has been the topic of several research analyst reports. Scotiabank dropped their target price on shares of Regency Centers from $80.00 to $76.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. 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 note on Wednesday, March 26th. Finally, Mizuho lifted their price target on 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $78.08.

Regency Centers Trading Down 0.4 %

Shares of Regency Centers stock traded down $0.28 during mid-day trading on Tuesday, hitting $71.55. The stock had a trading volume of 368,726 shares, compared to its average volume of 1,048,930. The firm has a market cap of $12.99 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03. 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 50-day moving average of $72.17 and a two-hundred day moving average of $72.72. Regency Centers Co. has a 12-month low of $58.08 and a 12-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 EPS 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%. Sell-side analysts forecast 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 issued a dividend of $0.705 per share. The ex-dividend date was Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.94%. Regency Centers's dividend payout ratio (DPR) is 133.02%.

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.