Waterfront Capital Partners LLC Sells 116,925 Shares of Regency Centers Co. (NASDAQ:REG)

Waterfront Capital Partners LLC decreased its holdings in Regency Centers Co. (NASDAQ:REG - Free Report) by 25.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 348,643 shares of the company's stock after selling 116,925 shares during the quarter. Regency Centers comprises 4.7% of Waterfront Capital Partners LLC's investment portfolio, making the stock its 6th largest holding. Waterfront Capital Partners LLC owned 0.19% of Regency Centers worth $25,775,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in REG. Heck Capital Advisors LLC acquired a new stake in shares of Regency Centers in the 4th quarter valued at approximately $26,000. National Pension Service acquired a new position in Regency Centers during the fourth quarter worth about $27,000. TD Waterhouse Canada Inc. boosted its stake in shares of Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after acquiring an additional 487 shares in the last quarter. Canada Post Corp Registered Pension Plan acquired a new position in Regency Centers during the fourth quarter worth $39,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Regency Centers in the fourth quarter valued at $54,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

REG has been the subject of a number of research reports. Scotiabank cut their target price on shares of Regency Centers from $80.00 to $76.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Mizuho upped their target price on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company dropped their price target on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $78.08.

Insider Activity at Regency Centers

In other news, CEO Lisa Palmer sold 25,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 139,923 shares in the company, valued at approximately $10,250,758.98. This represents a 15.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction on 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 completion of the sale, the chief financial officer now owns 54,020 shares of the company's stock, valued at approximately $3,975,872. This trade represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,000 shares of company stock worth $6,977,500. 1.00% of the stock is currently owned by company insiders.

Regency Centers Trading Up 0.0 %

Regency Centers stock traded up $0.02 during midday trading on Tuesday, reaching $71.85. The stock had a trading volume of 1,388,328 shares, compared to its average volume of 1,052,816. The stock's 50-day simple moving average is $72.17 and its 200 day simple moving average is $72.72. Regency Centers Co. has a twelve month low of $58.08 and a twelve month high of $78.18. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The stock has a market capitalization of $13.04 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. Analysts expect that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.705 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.92%. Regency Centers's dividend payout ratio (DPR) is currently 133.02%.

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.