Laurion Capital Management LP Trims Position in Regency Centers Co. (NASDAQ:REG)

Laurion Capital Management LP cut its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 46.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,189 shares of the company's stock after selling 16,017 shares during the period. Laurion Capital Management LP's holdings in Regency Centers were worth $1,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new stake in shares of Regency Centers in the fourth quarter worth $26,000. National Pension Service bought a new stake in Regency Centers in the 4th quarter valued at $27,000. TD Waterhouse Canada Inc. increased its holdings in 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 last quarter. Canada Post Corp Registered Pension Plan bought a new stake in Regency Centers in the 4th quarter valued at $39,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Regency Centers in the 4th quarter valued at $54,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on REG shares. 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 report on Wednesday, March 26th. Scotiabank reduced their price target on shares of Regency Centers from $80.00 to $76.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Regency Centers presently has an average rating of "Moderate Buy" and an average price target of $78.08.

Regency Centers Stock Performance

Regency Centers stock opened at $72.38 on Monday. The company's 50-day moving average price is $71.61 and its 200-day moving average price is $72.74. Regency Centers Co. has a twelve month low of $58.19 and a twelve month 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 market cap of $13.14 billion, a PE ratio of 34.14, a price-to-earnings-growth ratio of 3.75 and a beta of 1.02.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share 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 firm had revenue of $370.35 million for the quarter, compared to the consensus estimate of $364.64 million. During the same period in the previous year, the firm posted $1.08 EPS. On average, equities research analysts forecast that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.705 per share. The ex-dividend date is Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.90%. Regency Centers's dividend payout ratio is presently 133.02%.

Insider Buying and Selling

In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction dated 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 transaction, the chairman now directly owns 110,263 shares of the company's stock, valued at approximately $8,102,125.24. The trade was a 31.20% decrease in their position. The transaction 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 Regency Centers stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the transaction, the chief financial officer now directly owns 54,020 shares of the company's stock, valued at approximately $3,975,872. This represents a 27.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,000 shares of company stock valued at $6,977,500. Company insiders own 1.00% of the company's stock.

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.

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