Renaissance Technologies LLC Sells 75,600 Shares of Regency Centers Co. (NASDAQ:REG)

Renaissance Technologies LLC decreased its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 412,523 shares of the company's stock after selling 75,600 shares during the quarter. Renaissance Technologies LLC owned 0.23% of Regency Centers worth $30,498,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in shares of Regency Centers in the fourth quarter valued at $26,000. National Pension Service acquired a new stake in Regency Centers in the 4th quarter valued at about $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Regency Centers during the fourth quarter worth approximately $54,000. Venturi Wealth Management LLC grew its stake in shares of Regency Centers by 4,400.0% during the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock valued at $63,000 after purchasing an additional 836 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Regency Centers by 27.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock valued at $74,000 after purchasing an additional 219 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Regency Centers Trading Up 1.0 %

Regency Centers stock traded up $0.69 during mid-day trading on Wednesday, hitting $71.05. 89,105 shares of the company's stock were exchanged, compared to its average volume of 1,058,320. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $78.18. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $12.90 billion, a P/E ratio of 33.52, a PEG ratio of 3.75 and a beta of 1.03. The company's 50 day simple moving average is $72.55 and its 200-day simple moving average is $72.67.

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

Regency Centers Announces Dividend

The business 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. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.97%. Regency Centers's dividend payout ratio is currently 133.02%.

Analysts Set New Price Targets

REG has been the topic of several research reports. Mizuho upped their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a 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 on the stock in a research note on Wednesday, March 26th. Finally, Evercore ISI dropped their price objective on Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Regency Centers presently has an average rating of "Moderate Buy" and a consensus price target of $78.00.

Insider Buying and Selling

In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm's stock in a transaction 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 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 is accessible through this hyperlink. Also, CEO Lisa Palmer sold 25,000 shares of the business's stock in a transaction dated 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 directly owns 139,923 shares in the company, valued at $10,250,758.98. This trade represents a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,000 shares of company stock valued at $6,977,500. Company insiders own 1.00% of the company's stock.

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.