Regency Centers Co. (NASDAQ:REG) Shares Sold by Waterfront Capital Partners LLC

Waterfront Capital Partners LLC cut its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 25.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 348,643 shares of the company's stock after selling 116,925 shares during the quarter. Regency Centers comprises about 4.7% of Waterfront Capital Partners LLC's investment portfolio, making the stock its 6th largest position. Waterfront Capital Partners LLC owned approximately 0.19% of Regency Centers worth $25,775,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Regency Centers during the 4th quarter worth about $1,262,425,000. JPMorgan Chase & Co. lifted its holdings in shares of Regency Centers by 0.5% during the 4th quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company's stock worth $823,711,000 after acquiring an additional 51,424 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Regency Centers by 1.7% during 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 acquiring an additional 171,047 shares during the period. Principal Financial Group Inc. lifted 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 worth $678,873,000 after acquiring an additional 366,427 shares during the period. Finally, Invesco Ltd. increased its position in Regency Centers by 121.2% during the 4th quarter. Invesco Ltd. now owns 5,374,450 shares of the company's stock worth $397,333,000 after purchasing an additional 2,944,854 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Regency Centers

In related news, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 owns 54,020 shares of the company's stock, valued at $3,975,872. This trade represents a 27.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lisa Palmer sold 25,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 139,923 shares of the company's stock, valued at $10,250,758.98. The trade was a 15.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,000 shares of company stock valued at $6,977,500 in the last ninety days. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on REG. Mizuho increased 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 lowered their price objective on shares of 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, Scotiabank lowered 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. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $78.08.

Regency Centers Stock Performance

Shares of NASDAQ:REG traded down $0.39 during trading on Wednesday, reaching $71.46. The stock had a trading volume of 439,180 shares, compared to its average volume of 1,046,540. 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 Co. has a 52 week low of $58.08 and a 52 week high of $78.18. The stock has a fifty day simple moving average of $72.14 and a two-hundred day simple moving average of $72.71. The firm has a market capitalization of $12.97 billion, a price-to-earnings ratio of 33.71, a P/E/G ratio of 3.75 and a beta of 1.03.

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

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a $0.705 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.95%. Regency Centers's payout ratio is presently 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.