Natixis Lowers Stock Position in Regency Centers Co. (NASDAQ:REG)

Natixis trimmed its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 35.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,728 shares of the company's stock after selling 5,892 shares during the period. Natixis' holdings in Regency Centers were worth $793,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in REG. Norges Bank purchased a new position in Regency Centers during the fourth quarter valued at $1,262,425,000. Invesco Ltd. lifted its position in shares of Regency Centers by 121.2% during the 4th quarter. Invesco Ltd. now owns 5,374,450 shares of the company's stock valued at $397,333,000 after buying an additional 2,944,854 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Regency Centers by 51.7% during the 4th quarter. Prudential Financial Inc. now owns 2,155,589 shares of the company's stock valued at $159,363,000 after acquiring an additional 734,210 shares during the period. California Public Employees Retirement System increased its holdings in Regency Centers by 137.2% in the 4th quarter. California Public Employees Retirement System now owns 776,521 shares of the company's stock worth $57,408,000 after acquiring an additional 449,110 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake 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 acquiring an additional 435,932 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the transaction, the chief executive officer now directly owns 139,923 shares in the company, valued at $10,250,758.98. This represents a 15.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 54,020 shares of the company's stock, valued at $3,975,872. This represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,000 shares of company stock valued at $6,977,500 over the last 90 days. Insiders own 1.00% of the company's stock.

Regency Centers Trading Down 0.6 %

Shares of NASDAQ:REG traded down $0.46 during trading on Tuesday, hitting $71.37. The company had a trading volume of 311,675 shares, compared to its average volume of 1,048,691. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The company has a fifty day simple moving average of $72.17 and a two-hundred day simple moving average of $72.72. Regency Centers Co. has a one year low of $58.08 and a one year high of $78.18.

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

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend was Wednesday, March 12th. Regency Centers's dividend payout ratio (DPR) is currently 133.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on REG shares. Mizuho upped their price target on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price target 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, Scotiabank decreased their price target on Regency Centers from $80.00 to $76.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Regency Centers currently has an average rating of "Moderate Buy" and a consensus price target of $78.08.

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.