Schroder Investment Management Group Cuts Stake in Regency Centers Co. (NASDAQ:REG)

Schroder Investment Management Group trimmed its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 765,924 shares of the company's stock after selling 28,453 shares during the period. Schroder Investment Management Group owned approximately 0.42% of Regency Centers worth $56,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of REG. Norges Bank purchased a new stake in Regency Centers during the fourth quarter valued at approximately $1,262,425,000. Prudential Financial Inc. increased its position 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 purchasing an additional 734,210 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Regency Centers by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock valued at $801,056,000 after buying an additional 435,932 shares during the period. Principal Financial Group Inc. lifted its position in Regency Centers by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company's stock worth $678,873,000 after buying an additional 366,427 shares during the last quarter. Finally, National Bank of Canada FI increased its position in Regency Centers by 701.7% during the third quarter. National Bank of Canada FI now owns 361,597 shares of the company's stock valued at $26,118,000 after acquiring an additional 316,496 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

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Insider Transactions at Regency Centers

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

Analysts Set New Price Targets

REG has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. 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, Evercore ISI decreased their price target on Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a research note on Tuesday, December 24th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Regency Centers has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

Regency Centers Trading Down 1.3 %

Shares of REG stock traded down $0.96 on Friday, hitting $71.13. The stock had a trading volume of 677,826 shares, compared to its average volume of 1,054,131. The firm has a market capitalization of $12.91 billion, a P/E ratio of 33.59, a P/E/G 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. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $78.18. The company's 50 day moving average price is $73.29 and its 200-day moving average price is $72.95.

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

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend was Wednesday, March 12th. Regency Centers's payout ratio is 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.