Regency Centers Co. (NASDAQ:REG) Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP cut its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 54.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,920 shares of the company's stock after selling 8,171 shares during the period. Brevan Howard Capital Management LP's holdings in Regency Centers were worth $512,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Tidal Investments LLC grew its holdings in Regency Centers by 17.8% during the 3rd quarter. Tidal Investments LLC now owns 7,417 shares of the company's stock valued at $536,000 after buying an additional 1,120 shares in the last quarter. Franklin Resources Inc. boosted its position in Regency Centers by 6.3% during the 3rd quarter. Franklin Resources Inc. now owns 278,647 shares of the company's stock valued at $19,703,000 after buying an additional 16,617 shares during the period. JPMorgan Chase & Co. lifted its position 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 worth $801,056,000 after purchasing an additional 435,932 shares during the period. Nordea Investment Management AB lifted its position in shares of Regency Centers by 10.0% in the 4th quarter. Nordea Investment Management AB now owns 13,302 shares of the company's stock worth $980,000 after purchasing an additional 1,207 shares during the period. Finally, Czech National Bank lifted its position in Regency Centers by 6.4% during the 4th quarter. Czech National Bank now owns 35,419 shares of the company's stock valued at $2,619,000 after acquiring an additional 2,144 shares during the period. 96.07% of the stock is owned by institutional investors.

Regency Centers Stock Down 1.1%

Shares of Regency Centers stock traded down $0.78 during trading on Tuesday, hitting $73.05. 1,091,233 shares of the stock traded hands, compared to its average volume of 1,041,717. The stock's fifty day simple moving average is $71.55 and its 200 day simple moving average is $72.76. Regency Centers Co. has a 52-week low of $58.19 and a 52-week high of $78.18. The firm has a market cap of $13.26 billion, a P/E ratio of 34.46, a price-to-earnings-growth ratio of 3.75 and a beta of 1.02. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66.

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

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Wednesday, June 11th. Regency Centers's payout ratio is currently 133.02%.

Wall Street Analysts Forecast Growth

REG has been the subject of a number of research analyst reports. Scotiabank reduced their price target on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research note on Monday. Wells Fargo & Company reduced their price target on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Three 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

Insider Activity at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the completion of the sale, the chairman now directly owns 110,263 shares in the company, valued at approximately $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 accessible through the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the completion of the sale, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $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 over the last quarter. 1.00% of the stock is owned by corporate 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.