Man Group plc Trims Stock Position in Regency Centers Co. (NASDAQ:REG)

Man Group plc lowered its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,113 shares of the company's stock after selling 3,867 shares during the quarter. Man Group plc owned approximately 0.06% of Regency Centers worth $7,993,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nissay Asset Management Corp Japan ADV lifted its stake in Regency Centers by 1.1% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 44,000 shares of the company's stock worth $3,254,000 after purchasing an additional 473 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Regency Centers during the fourth quarter worth approximately $1,800,000. OMERS ADMINISTRATION Corp boosted its stake in Regency Centers by 20.2% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 7,339 shares of the company's stock worth $543,000 after buying an additional 1,233 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Regency Centers by 4.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,337 shares of the company's stock valued at $1,060,000 after acquiring an additional 651 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Regency Centers by 1.8% in the 4th quarter. Janus Henderson Group PLC now owns 21,375 shares of the company's stock valued at $1,580,000 after buying an additional 374 shares during the period. Hedge funds and other institutional investors own 96.07% of the company's stock.

Regency Centers Price Performance

REG traded down $0.07 on Friday, hitting $71.01. 972,165 shares of the stock were exchanged, compared to its average volume of 1,052,211. Regency Centers Co. has a 12 month low of $58.19 and a 12 month high of $78.18. The firm has a market capitalization of $12.89 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 3.75 and a beta of 1.02. 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 business has a 50-day moving average of $71.54 and a two-hundred day moving average of $72.77.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $370.35 million for the quarter, compared to analysts' expectations of $364.64 million. During the same period in the prior year, the business earned $1.08 EPS. Sell-side 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, July 2nd. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.97%. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Insider Transactions at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of Regency Centers stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total transaction of $301,205.52. Following the sale, the insider now directly owns 33,069 shares of the company's stock, valued at approximately $2,395,518.36. The trade was a 11.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the sale, 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 disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on REG. Scotiabank lowered their target price on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. Wells Fargo & Company cut their target price on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Finally, Truist Financial lifted their target price on Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a report on Monday, May 19th. 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 MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $78.08.

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.