Prudential PLC Sells 19,301 Shares of Regency Centers Co. (NASDAQ:REG)

Prudential PLC decreased its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 46.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,610 shares of the company's stock after selling 19,301 shares during the period. Prudential PLC's holdings in Regency Centers were worth $1,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the company. Sanctuary Advisors LLC increased its stake in shares of Regency Centers by 104.1% during the fourth quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company's stock worth $1,442,000 after buying an additional 10,221 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Regency Centers in the 4th quarter valued at $1,499,000. Pacer Advisors Inc. raised its position in Regency Centers by 196.1% in the 4th quarter. Pacer Advisors Inc. now owns 36,245 shares of the company's stock valued at $2,680,000 after purchasing an additional 24,003 shares during the last quarter. HighTower Advisors LLC boosted its stake in Regency Centers by 47.3% during the 3rd quarter. HighTower Advisors LLC now owns 29,342 shares of the company's stock worth $2,121,000 after purchasing an additional 9,424 shares during the period. Finally, Royal London Asset Management Ltd. grew its position in Regency Centers by 9.3% during the 3rd quarter. Royal London Asset Management Ltd. now owns 105,433 shares of the company's stock worth $7,615,000 after purchasing an additional 8,959 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Regency Centers

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $10,250,758.98. This trade represents a 15.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business'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 value of $3,674,000.00. Following the completion of the transaction, the chairman now owns 110,263 shares of the company's stock, valued at $8,102,125.24. This represents a 31.20 % decrease in their ownership of the stock. 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 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on REG. Wells Fargo & Company lowered their target price on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Evercore ISI cut their price objective on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a research report on Tuesday, December 24th. Finally, Mizuho raised their target price 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. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Regency Centers has a consensus rating of "Moderate Buy" and an average price target of $78.00.

Regency Centers Price Performance

REG stock traded down $1.68 on Thursday, hitting $67.98. 400,898 shares of the company's stock traded hands, compared to its average volume of 1,071,819. The stock has a fifty day moving average of $72.77 and a 200-day moving average of $72.73. The stock has a market cap of $12.34 billion, a price-to-earnings ratio of 31.95, a P/E/G ratio of 3.75 and a beta of 1.03. 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 Co. has a 1-year low of $56.51 and a 1-year high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. On average, analysts forecast that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a $0.705 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 4.15%. Regency Centers's dividend payout ratio (DPR) is currently 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.