Legal & General Group Plc Decreases Holdings in Regency Centers Co. (NASDAQ:REG)

Legal & General Group Plc trimmed its stake in Regency Centers Co. (NASDAQ:REG - Free Report) by 16.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,731,596 shares of the company's stock after selling 338,854 shares during the quarter. Legal & General Group Plc owned approximately 0.95% of Regency Centers worth $128,017,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Coldstream Capital Management Inc. grew its position in Regency Centers by 4.3% during the third quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company's stock valued at $286,000 after purchasing an additional 163 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Regency Centers by 3.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company's stock worth $356,000 after buying an additional 164 shares during the last quarter. Greenleaf Trust lifted its position in shares of Regency Centers by 3.8% in the fourth quarter. Greenleaf Trust now owns 4,735 shares of the company's stock worth $350,000 after buying an additional 172 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Regency Centers by 27.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock valued at $74,000 after acquiring an additional 219 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Regency Centers by 7.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,395 shares of the company's stock valued at $251,000 after acquiring an additional 244 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

REG has been the subject of a number of research analyst reports. Mizuho boosted their target price on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their price objective 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. Finally, Evercore ISI cut their target price on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a research note on Tuesday, December 24th. 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. According to data from MarketBeat, Regency Centers currently has an average rating of "Moderate Buy" and a consensus target price of $78.00.

Insider Activity at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company's stock in a transaction dated 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 transaction, the chairman now owns 110,263 shares in the company, valued at approximately $8,102,125.24. This represents a 31.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the completion of the sale, the chief executive officer now owns 139,923 shares of the company's stock, valued at $10,250,758.98. This trade represents a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is owned by corporate insiders.

Regency Centers Trading Up 0.5 %

NASDAQ REG traded up $0.36 during trading hours on Tuesday, hitting $70.77. The company's stock had a trading volume of 298,047 shares, compared to its average volume of 1,061,568. The stock has a fifty day moving average of $72.60 and a 200 day moving average of $72.69. The firm has a market capitalization of $12.85 billion, a P/E ratio of 33.41, a PEG ratio of 3.75 and a beta of 1.03. Regency Centers Co. has a twelve month low of $56.51 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.

Regency Centers (NASDAQ:REG - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. Equities research analysts forecast that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.705 per share. The ex-dividend date was Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.99%. Regency Centers's dividend payout ratio (DPR) is currently 133.02%.

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.