Vanguard Group Inc. Sells 165,451 Shares of Regency Centers Co. (NASDAQ:REG)

Vanguard Group Inc. trimmed its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,298,366 shares of the company's stock after selling 165,451 shares during the period. Vanguard Group Inc. owned approximately 15.59% of Regency Centers worth $2,092,098,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC grew its stake in shares of Regency Centers by 0.6% in the fourth quarter. LPL Financial LLC now owns 122,135 shares of the company's stock worth $9,029,000 after acquiring an additional 781 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Regency Centers in the fourth quarter worth approximately $4,487,000. Virtu Financial LLC bought a new stake in Regency Centers in the 4th quarter worth approximately $231,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Regency Centers by 38.0% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 93,467 shares of the company's stock valued at $6,910,000 after buying an additional 25,755 shares during the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in Regency Centers during the 4th quarter valued at $352,000. Institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Evercore ISI cut 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. Wells Fargo & Company cut their price target on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Mizuho upped their price target on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, January 8th. Three equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $78.00.

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Insider Buying and Selling

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business'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 sale, the chairman now owns 110,263 shares in the company, valued at $8,102,125.24. The trade was a 31.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total value 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. The trade was a 27.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,000 shares of company stock valued at $6,977,500. Corporate insiders own 1.00% of the company's stock.

Regency Centers Price Performance

Shares of REG traded up $0.48 during mid-day trading on Friday, reaching $72.87. The stock had a trading volume of 915,678 shares, compared to its average volume of 1,047,763. The firm has a market cap of $13.23 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 3.75 and a beta of 1.23. Regency Centers Co. has a 12 month low of $56.51 and a 12 month high of $78.18. The business has a fifty day moving average of $73.12 and a 200 day moving average of $72.95. 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 earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. Equities analysts predict that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.705 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a yield of 3.87%. Regency Centers's dividend payout ratio is presently 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.