Uniplan Investment Counsel Inc. Sells 3,960 Shares of Regency Centers Co. (NASDAQ:REG)

Uniplan Investment Counsel Inc. decreased its stake in Regency Centers Co. (NASDAQ:REG - Free Report) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,710 shares of the company's stock after selling 3,960 shares during the period. Regency Centers accounts for approximately 1.3% of Uniplan Investment Counsel Inc.'s holdings, making the stock its 21st largest position. Uniplan Investment Counsel Inc. owned approximately 0.10% of Regency Centers worth $13,508,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Stifel Financial Corp grew its holdings in shares of Regency Centers by 8.8% in the 4th quarter. Stifel Financial Corp now owns 8,943 shares of the company's stock valued at $661,000 after acquiring an additional 723 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. bought a new position in Regency Centers during the fourth quarter worth about $8,627,000. TD Waterhouse Canada Inc. grew its holdings in Regency Centers by 48,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after purchasing an additional 487 shares during the period. Lasalle Investment Management Securities LLC grew its holdings in Regency Centers by 31.7% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 250,448 shares of the company's stock worth $18,516,000 after purchasing an additional 60,290 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in Regency Centers by 1.1% during the fourth quarter. MetLife Investment Management LLC now owns 48,331 shares of the company's stock worth $3,573,000 after purchasing an additional 544 shares during the period. Institutional investors own 96.07% of the company's stock.

Insider Activity

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the completion of the transaction, the chairman now directly owns 110,263 shares in the company, valued at $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael J. Mas sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the transaction, the chief financial officer now owns 54,020 shares of the company's stock, valued at approximately $3,975,872. This represents a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,000 shares of company stock worth $6,977,500. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on REG shares. Mizuho lifted their price target 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 reduced their price target 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, Scotiabank reduced their price target on Regency Centers from $80.00 to $76.00 and set a "sector perform" rating for the company in a report on Wednesday. Three 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $78.08.

Regency Centers Stock Performance

Shares of NASDAQ:REG traded down $0.03 during trading on Friday, reaching $71.42. 1,053,569 shares of the stock were exchanged, compared to its average volume of 1,051,499. 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 12 month low of $58.08 and a 12 month high of $78.18. The stock has a 50-day moving average price of $72.20 and a 200-day moving average price of $72.71. The firm has a market cap of $12.96 billion, a PE ratio of 33.69, a PEG ratio of 3.75 and a beta of 1.03.

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

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.95%. Regency Centers's payout ratio is 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.