Regency Centers Co. (NASDAQ:REG) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 6.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,960 shares of the company's stock after selling 10,975 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.08% of Regency Centers worth $11,087,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Sanctuary Advisors LLC raised its stake in shares of Regency Centers by 104.1% during the fourth quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company's stock valued at $1,442,000 after acquiring an additional 10,221 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Regency Centers during the fourth quarter valued at about $1,499,000. Pacer Advisors Inc. grew its holdings in Regency Centers by 196.1% during the fourth quarter. Pacer Advisors Inc. now owns 36,245 shares of the company's stock worth $2,680,000 after buying an additional 24,003 shares in the last quarter. Contravisory Investment Management Inc. bought a new position in Regency Centers in the 4th quarter valued at $567,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Regency Centers by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock worth $801,056,000 after purchasing an additional 435,932 shares during the period. Institutional investors own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Scotiabank cut their price objective on shares of Regency Centers from $80.00 to $76.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company dropped their target price 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, Mizuho upped their price target on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, January 8th. Three equities research 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $78.08.

Regency Centers Stock Down 0.2 %

Shares of REG stock traded down $0.15 during mid-day trading on Thursday, hitting $71.86. 867,685 shares of the stock traded hands, compared to its average volume of 1,040,524. The stock's fifty day moving average is $71.81 and its two-hundred day moving average is $72.73. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. Regency Centers Co. has a 52-week low of $58.19 and a 52-week high of $78.18. The stock has a market cap of $13.04 billion, a P/E ratio of 33.90, a P/E/G ratio of 3.75 and a beta of 1.02.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.01. The company had revenue of $370.35 million for the quarter, compared to analyst estimates 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 prior year, the company posted $1.08 EPS. Equities analysts predict that Regency Centers Co. will post 4.54 EPS for the current 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 paid a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend is Wednesday, June 11th. Regency Centers's payout ratio is 133.02%.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the transaction, the chief financial officer now directly owns 54,020 shares of the company's stock, valued at approximately $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lisa Palmer sold 25,000 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the sale, the chief executive officer now owns 139,923 shares in the company, valued at approximately $10,250,758.98. This represents a 15.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,000 shares of company stock worth $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.