Lighthouse Investment Partners LLC Decreases Stock Position in Regency Centers Co. (NASDAQ:REG)

Lighthouse Investment Partners LLC cut its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 16.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,000 shares of the company's stock after selling 12,000 shares during the period. Lighthouse Investment Partners LLC's holdings in Regency Centers were worth $4,658,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Regency Centers in the 4th quarter worth approximately $1,262,425,000. JPMorgan Chase & Co. grew 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 purchasing an additional 51,424 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Regency Centers by 1.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,440,384 shares of the company's stock worth $771,859,000 after buying an additional 171,047 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Regency Centers by 4.2% during the 4th quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company's stock valued at $678,873,000 after acquiring an additional 366,427 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Regency Centers by 121.2% in the fourth quarter. Invesco Ltd. now owns 5,374,450 shares of the company's stock worth $397,333,000 after acquiring an additional 2,944,854 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Regency Centers Price Performance

Shares of NASDAQ REG traded up $1.23 during midday trading on Friday, reaching $73.82. The company's stock had a trading volume of 962,901 shares, compared to its average volume of 1,044,311. Regency Centers Co. has a fifty-two week low of $58.19 and a fifty-two week high of $78.18. The business's 50 day moving average price is $71.46 and its two-hundred day moving average price is $72.77. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The company has a market cap of $13.40 billion, a P/E ratio of 34.82, a P/E/G ratio of 3.75 and a beta of 1.02.

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

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be issued a $0.705 dividend. 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 3.82%. Regency Centers's dividend payout ratio is presently 133.02%.

Wall Street Analysts Forecast Growth

REG has been the subject of a number of recent research reports. Scotiabank cut their price target on 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 cut 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. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Regency Centers currently has an average rating of "Moderate Buy" and a consensus price target of $78.00.

Insider Activity at Regency Centers

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 139,923 shares in the company, valued at approximately $10,250,758.98. The trade was a 15.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $8,102,125.24. This represents a 31.20% decrease in their position. 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 90 days. Insiders own 1.00% of the company's stock.

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.