Axa S.A. Trims Holdings in Regency Centers Co. (NASDAQ:REG)

AXA S.A. lowered its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,666 shares of the company's stock after selling 11,848 shares during the quarter. AXA S.A. owned about 0.12% of Regency Centers worth $15,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC acquired a new position in Regency Centers during the 4th quarter valued at approximately $26,000. National Pension Service purchased a new stake in shares of Regency Centers during the fourth quarter valued at $27,000. TD Waterhouse Canada Inc. increased its position in shares of Regency Centers by 48,700.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after acquiring an additional 487 shares during the period. Canada Post Corp Registered Pension Plan purchased a new position in Regency Centers in the 4th quarter worth $39,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Regency Centers during the 4th quarter worth about $54,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on REG. Scotiabank reduced their price objective on Regency Centers from $80.00 to $76.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 23rd. Mizuho upped their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company reduced their target price on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Regency Centers currently has an average rating of "Moderate Buy" and an average price target of $78.08.

Regency Centers Price Performance

Shares of NASDAQ:REG traded down $0.15 during trading on Thursday, reaching $71.86. 867,685 shares of the company's stock traded hands, compared to its average volume of 1,040,524. The firm has a market cap of $13.04 billion, a PE ratio of 33.90, a P/E/G ratio of 3.75 and a beta of 1.02. Regency Centers Co. has a fifty-two week low of $58.19 and a fifty-two week high of $78.18. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. The company has a 50-day simple moving average of $71.81 and a 200-day simple moving average of $72.73.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.01. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. The business had revenue of $370.35 million during the quarter, compared to analysts' expectations of $364.64 million. During the same period in the previous year, the business earned $1.08 earnings per share. As a group, analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 3.92%. The ex-dividend date is Wednesday, June 11th. Regency Centers's payout ratio is 133.02%.

Insider Activity

In other news, CEO Lisa Palmer sold 25,000 shares of Regency Centers stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 139,923 shares of the company's stock, valued at $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the 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 completion of the transaction, the chairman now directly owns 110,263 shares of the company's stock, valued at approximately $8,102,125.24. This represents a 31.20 % 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 worth $6,977,500 over the last 90 days. 1.00% of the stock is currently owned by company 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.