Westpac Banking Corp Has $4.23 Million Position in Regency Centers Co. (NASDAQ:REG)

Westpac Banking Corp cut its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,241 shares of the company's stock after selling 5,737 shares during the quarter. Westpac Banking Corp's holdings in Regency Centers were worth $4,232,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC boosted its stake in Regency Centers by 104.1% during the fourth quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company's stock worth $1,442,000 after buying an additional 10,221 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Regency Centers during the fourth quarter worth $1,499,000. Pacer Advisors Inc. lifted its holdings in shares of Regency Centers by 196.1% during the fourth 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 period. HighTower Advisors LLC boosted its position in Regency Centers by 47.3% in the third quarter. HighTower Advisors LLC now owns 29,342 shares of the company's stock valued at $2,121,000 after buying an additional 9,424 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its holdings in shares of Regency Centers by 9.3% in the third quarter. Royal London Asset Management Ltd. now owns 105,433 shares of the company's stock valued at $7,615,000 after purchasing an additional 8,959 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

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Insider Buying and Selling at Regency Centers

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael J. Mas sold 20,000 shares of Regency Centers 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 sale, the chief financial officer now directly owns 54,020 shares in the company, valued at $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock valued at $6,977,500 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

Regency Centers Stock Performance

NASDAQ:REG traded down $3.32 during mid-day trading on Friday, reaching $68.77. 2,643,699 shares of the company's stock were exchanged, compared to its average volume of 1,063,224. The business's fifty day simple moving average is $73.23 and its two-hundred day simple moving average is $72.90. Regency Centers Co. has a one year low of $56.51 and a one year high of $78.18. The firm has a market capitalization of $12.48 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03. 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 quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.705 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a yield of 4.10%. Regency Centers's payout ratio is 133.02%.

Analyst Upgrades and Downgrades

REG has been the topic of a number of research reports. Mizuho boosted their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 8th. Evercore ISI lowered their target price on Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 24th. Finally, Wells Fargo & Company decreased their target price 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. Three 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. According to MarketBeat, Regency Centers presently has an average rating of "Moderate Buy" and a consensus price target of $78.00.

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.