Voya Investment Management LLC Trims Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Voya Investment Management LLC cut its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 222,177 shares of the company's stock after selling 10,410 shares during the period. Voya Investment Management LLC owned 0.12% of Regency Centers worth $16,426,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Sanctuary Advisors LLC increased its stake in Regency Centers by 104.1% in the fourth quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company's stock valued at $1,442,000 after purchasing an additional 10,221 shares during the period. Teacher Retirement System of Texas purchased a new stake in Regency Centers during the 4th quarter valued at approximately $1,499,000. Pacer Advisors Inc. raised its stake in Regency Centers by 196.1% during the 4th quarter. Pacer Advisors Inc. now owns 36,245 shares of the company's stock valued at $2,680,000 after acquiring an additional 24,003 shares during the last quarter. Contravisory Investment Management Inc. purchased a new position in shares of Regency Centers in the 4th quarter valued at approximately $567,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Regency Centers by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock valued at $801,056,000 after purchasing an additional 435,932 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Stock Performance

NASDAQ REG opened at $71.42 on Monday. The business has a 50 day moving average price of $72.20 and a 200 day moving average price of $72.71. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The company has a market capitalization of $12.96 billion, a P/E ratio of 33.69, a PEG ratio of 3.75 and a beta of 1.03. Regency Centers Co. has a 1-year low of $58.08 and a 1-year high of $78.18.

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 (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%. Sell-side analysts expect that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Wednesday, March 12th. Regency Centers's dividend payout ratio is presently 133.02%.

Insider Activity at Regency Centers

In related news, CFO Michael J. Mas sold 20,000 shares of the company's 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 transaction, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. This represents a 27.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was 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 in the company, valued at approximately $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. In the last quarter, insiders sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on REG shares. Wells Fargo & Company decreased 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. Scotiabank lowered their target price on shares of Regency Centers from $80.00 to $76.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Finally, Mizuho increased their price target on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Regency Centers has an average rating of "Moderate Buy" and a consensus price target of $78.08.

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.

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