Sei Investments Co. Trims Position in Regency Centers Co. (NASDAQ:REG)

Sei Investments Co. cut its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 55.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 205,390 shares of the company's stock after selling 253,049 shares during the quarter. Sei Investments Co. owned approximately 0.11% of Regency Centers worth $15,185,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in Regency Centers in the fourth quarter valued at approximately $26,000. National Pension Service acquired a new stake in Regency Centers in the 4th quarter valued at $27,000. Catalyst Capital Advisors LLC bought a new stake in Regency Centers during the 4th quarter valued at $54,000. Venturi Wealth Management LLC raised its holdings in Regency Centers by 4,400.0% during the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock worth $63,000 after buying an additional 836 shares during the last quarter. Finally, Quest Partners LLC lifted its stake in shares of Regency Centers by 84.8% in the third quarter. Quest Partners LLC now owns 937 shares of the company's stock valued at $68,000 after buying an additional 430 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on REG shares. Evercore ISI decreased their target price 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. Wells Fargo & Company decreased their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Finally, Mizuho increased their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. Three investment 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $78.00.

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Insider Transactions at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction dated 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 in the company, valued at $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 available at the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the company'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 transaction of $1,831,500.00. Following the sale, the chief executive officer now owns 139,923 shares in the company, valued at $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,000 shares of company stock worth $6,977,500 in the last quarter. Insiders own 1.00% of the company's stock.

Regency Centers Stock Performance

Shares of REG traded down $0.19 on Tuesday, reaching $73.57. 1,411,643 shares of the company's stock traded hands, compared to its average volume of 1,053,784. The stock's 50 day simple moving average is $73.20 and its two-hundred day simple moving average is $72.94. 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 52-week low of $56.51 and a 52-week high of $78.18. The stock has a market cap of $13.35 billion, a PE ratio of 34.70, a PEG ratio of 3.75 and a beta of 1.23.

Regency Centers (NASDAQ:REG - Get Free Report) last released its earnings results 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%. On average, analysts forecast that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Wednesday, March 12th. Regency Centers's dividend payout ratio is currently 133.02%.

Regency Centers Company 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.