Natixis Advisors LLC Trims Stake in Regency Centers Co. (NASDAQ:REG)

Natixis Advisors LLC lessened its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 39.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,208 shares of the company's stock after selling 20,377 shares during the period. Natixis Advisors LLC's holdings in Regency Centers were worth $2,307,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new position in Regency Centers during the fourth quarter worth about $26,000. National Pension Service acquired a new stake in shares of Regency Centers during the 4th quarter worth approximately $27,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Regency Centers during the 4th quarter valued at approximately $54,000. Venturi Wealth Management LLC lifted its holdings in Regency Centers by 4,400.0% in the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock valued at $63,000 after acquiring an additional 836 shares during the last quarter. Finally, Quest Partners LLC grew its position in Regency Centers by 84.8% in the third quarter. Quest Partners LLC now owns 937 shares of the company's stock worth $68,000 after acquiring an additional 430 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

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 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 sale, the chairman now owns 110,263 shares of the company's stock, valued at approximately $8,102,125.24. This trade represents a 31.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lisa Palmer sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the sale, the chief executive officer now owns 139,923 shares of the company's stock, valued at $10,250,758.98. This represents a 15.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,000 shares of company stock valued at $6,977,500 in the last ninety days. Insiders own 1.00% of the company's stock.

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Regency Centers Stock Down 0.6 %

REG traded down $0.44 during trading hours on Thursday, hitting $72.39. 598,210 shares of the company's stock were exchanged, compared to its average volume of 1,003,094. The firm has a market cap of $13.13 billion, a P/E ratio of 34.15, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $78.18. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average of $73.07 and a 200 day moving average of $72.99.

Regency Centers (NASDAQ:REG - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (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%. Analysts predict that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers's dividend payout ratio is presently 133.02%.

Wall Street Analyst Weigh In

REG has been the topic of a number of research analyst reports. Evercore ISI reduced their target price on 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. BTIG Research boosted their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Wells Fargo & Company lowered their target price on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Mizuho boosted their price target on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. Three 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's stock. Based on data from MarketBeat, Regency Centers currently has an average rating of "Moderate Buy" and an average target price of $78.00.

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.