Crestline Management LP Acquires Shares of 57,995 Regency Centers Co. (NASDAQ:REG)

Crestline Management LP bought a new position in Regency Centers Co. (NASDAQ:REG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 57,995 shares of the company's stock, valued at approximately $4,288,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Regency Centers in the fourth quarter worth $1,262,425,000. JPMorgan Chase & Co. lifted its position in Regency Centers by 0.5% during the fourth quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company's stock valued at $823,711,000 after buying an additional 51,424 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Regency Centers by 1.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,440,384 shares of the company's stock valued at $771,859,000 after buying an additional 171,047 shares during the period. Principal Financial Group Inc. lifted its position in Regency Centers by 4.2% during the fourth quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company's stock valued at $678,873,000 after buying an additional 366,427 shares during the period. Finally, Invesco Ltd. lifted its position in Regency Centers by 121.2% during the fourth quarter. Invesco Ltd. now owns 5,374,450 shares of the company's stock valued at $397,333,000 after buying an additional 2,944,854 shares during the period. Institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on REG. Scotiabank lowered their price target on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research report on Monday. Wells Fargo & Company lowered their price target on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Three 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 company's stock. According to MarketBeat, Regency Centers currently has a consensus rating of "Moderate Buy" and an average target price of $78.00.

Insider Transactions at Regency Centers

In other 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. This trade represents a 27.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,000 shares of company stock valued at $6,977,500 in the last ninety days. Corporate insiders own 1.00% of the company's stock.

Regency Centers Stock Performance

Shares of REG stock traded up $1.00 during trading hours on Monday, reaching $73.38. 149,433 shares of the company traded hands, compared to its average volume of 1,038,998. Regency Centers Co. has a 12-month low of $58.19 and a 12-month high of $78.18. 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 cap of $13.32 billion, a P/E ratio of 34.64, a P/E/G ratio of 3.75 and a beta of 1.02. The firm has a 50-day moving average price of $71.61 and a 200 day moving average price of $72.74.

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

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.705 per share. The ex-dividend date is Wednesday, June 11th. This represents a $2.82 annualized dividend and a dividend yield of 3.84%. Regency Centers's dividend payout ratio (DPR) is 133.02%.

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.