Rhumbline Advisers Lowers Stake in Regency Centers Co. (NASDAQ:REG)

Rhumbline Advisers lessened its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 3.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 329,205 shares of the company's stock after selling 10,120 shares during the quarter. Rhumbline Advisers owned about 0.18% of Regency Centers worth $24,338,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in Regency Centers during the 4th quarter worth approximately $26,000. Quest Partners LLC grew its stake in shares of Regency Centers by 84.8% in the 3rd quarter. Quest Partners LLC now owns 937 shares of the company's stock valued at $68,000 after purchasing an additional 430 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Regency Centers in the 3rd quarter valued at approximately $96,000. Quarry LP grew its stake in shares of Regency Centers by 2,811.4% in the 3rd quarter. Quarry LP now owns 2,300 shares of the company's stock valued at $166,000 after purchasing an additional 2,221 shares during the last quarter. Finally, D Orazio & Associates Inc. purchased a new position in shares of Regency Centers in the 4th quarter valued at approximately $200,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Wall Street Analyst Weigh In

REG has been the topic of several analyst reports. Robert W. Baird lifted their target price on Regency Centers from $71.00 to $78.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. BTIG Research lifted their target price on Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Evercore ISI lowered their target price on Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a research note on Tuesday, December 24th. Wells Fargo & Company lowered their target price on Regency Centers from $81.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 29th. Finally, Mizuho lifted their price target on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. Three investment 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 company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $78.08.

Regency Centers Price Performance

REG stock traded up $0.05 during midday trading on Friday, hitting $73.33. 841,954 shares of the stock were exchanged, compared to its average volume of 932,249. The stock's 50-day moving average price is $72.61 and its 200-day moving average price is $72.59. The stock has a market cap of $13.30 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 3.75 and a beta of 1.21. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $76.53. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85.

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

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.705 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.85%. Regency Centers's dividend payout ratio (DPR) is 133.02%.

Insider Transactions at Regency Centers

In other news, 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 value 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 $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of Regency Centers stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 139,923 shares of the company's stock, valued at approximately $10,250,758.98. This represents a 15.16 % decrease in their position. The disclosure for this sale can be found here. 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.