DekaBank Deutsche Girozentrale Decreases Stock Position in Regency Centers Co. (NASDAQ:REG)

DekaBank Deutsche Girozentrale lowered its stake in Regency Centers Co. (NASDAQ:REG - Free Report) by 31.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,434 shares of the company's stock after selling 37,292 shares during the period. DekaBank Deutsche Girozentrale's holdings in Regency Centers were worth $4,895,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. purchased a new position in shares of Regency Centers during the 4th quarter worth approximately $106,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Regency Centers in the fourth quarter worth $237,000. Quadrant Capital Group LLC raised its holdings in Regency Centers by 17.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,722 shares of the company's stock worth $182,000 after purchasing an additional 405 shares in the last quarter. Brown Advisory Inc. lifted its position in Regency Centers by 5.3% during the fourth quarter. Brown Advisory Inc. now owns 61,593 shares of the company's stock valued at $4,127,000 after buying an additional 3,100 shares during the period. Finally, ING Groep NV bought a new stake in shares of Regency Centers during the 4th quarter valued at $1,507,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Stock Performance

REG traded down $0.32 during trading on Wednesday, hitting $73.36. The company's stock had a trading volume of 1,497,566 shares, compared to its average volume of 1,120,332. The business's 50 day simple moving average is $69.86 and its 200-day simple moving average is $63.59. The firm has a market cap of $13.31 billion, a PE ratio of 35.79, a P/E/G ratio of 4.63 and a beta of 1.21. Regency Centers Co. has a one year low of $56.29 and a one year high of $75.26. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.48). The company had revenue of $357.25 million during the quarter, compared to the consensus estimate of $361.56 million. Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. During the same period last year, the business earned $1.03 EPS. As a group, sell-side analysts predict that Regency Centers Co. will post 4.23 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be given a $0.67 dividend. The ex-dividend date is Thursday, September 12th. This represents a $2.68 annualized dividend and a dividend yield of 3.65%. Regency Centers's payout ratio is 130.73%.

Insider Transactions at Regency Centers

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the sale, the vice president now directly owns 13,010 shares of the company's stock, valued at approximately $905,105.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the transaction, the chairman now directly owns 307,199 shares of the company's stock, valued at $21,503,930. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Michael R. Herman sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the transaction, the vice president now owns 13,010 shares of the company's stock, valued at approximately $905,105.70. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

REG has been the subject of several recent research reports. Evercore ISI lowered shares of Regency Centers from an "outperform" rating to an "inline" rating and lifted their target price for the company from $72.00 to $75.00 in a report on Monday. Mizuho lifted their price objective on Regency Centers from $67.00 to $73.00 and gave the company an "outperform" rating in a research note on Monday, August 19th. JPMorgan Chase & Co. increased their target price on Regency Centers from $71.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, August 8th. Scotiabank raised their price target on Regency Centers from $65.00 to $75.00 and gave the company a "sector perform" rating in a report on Monday, August 26th. Finally, Raymond James upped their price target on shares of Regency Centers from $67.00 to $75.00 and gave the stock an "outperform" rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Regency Centers presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.55.

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.