Regency Centers Co. (NASDAQ:REG) Stock Holdings Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,634 shares of the company’s stock after selling 600 shares during the period. Victory Capital Management Inc.’s holdings in Regency Centers were worth $1,895,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new position in shares of Regency Centers during the fourth quarter valued at approximately $26,000. National Pension Service acquired a new position in Regency Centers during the 4th quarter valued at approximately $27,000. Catalyst Capital Advisors LLC bought a new position in Regency Centers during the 4th quarter worth $54,000. Venturi Wealth Management LLC grew its stake in Regency Centers by 4,400.0% during the 4th 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 increased its position in Regency Centers by 84.8% in the third quarter. Quest Partners LLC now owns 937 shares of the company’s stock worth $68,000 after buying an additional 430 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Price Performance

NASDAQ REG opened at $71.43 on Tuesday. Regency Centers Co. has a 12 month low of $56.51 and a 12 month high of $78.18. The firm has a market capitalization of $12.95 billion, a PE ratio of 33.69, a P/E/G ratio of 3.75 and a beta of 1.23. The company’s 50 day simple moving average is $72.82 and its 200 day simple moving average is $73.03. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95.

Regency Centers (NASDAQ:REG) 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%. As a group, equities research analysts forecast 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 will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 3.95%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is presently 133.02%.

Wall Street Analyst Weigh In

REG has been the subject of several analyst reports. Wells Fargo & Company reduced their price target on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. BTIG Research upped their target price on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Mizuho raised their price target on shares of Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Finally, Evercore ISI reduced their price objective on 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. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.08.

Insider Buying and Selling at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total value of $3,674,000.00. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Lisa Palmer sold 25,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the sale, the chief executive officer now directly owns 139,923 shares of the company’s stock, valued at approximately $10,250,758.98. This represents a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is owned by insiders.

Regency Centers 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.