State of Tennessee Department of Treasury Sells 23,711 Shares of Regency Centers Co. (NASDAQ:REG)

State of Tennessee Department of Treasury lessened its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 8.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 244,405 shares of the company's stock after selling 23,711 shares during the quarter. State of Tennessee Department of Treasury owned 0.13% of Regency Centers worth $18,069,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in Regency Centers in the 4th quarter valued at $26,000. National Pension Service acquired a new stake in shares of Regency Centers in the 4th quarter valued at about $27,000. TD Waterhouse Canada Inc. raised its stake in shares of 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 purchasing an additional 487 shares during the period. Canada Post Corp Registered Pension Plan bought a new stake in shares of Regency Centers in the fourth quarter valued at about $39,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Regency Centers during the fourth quarter worth about $54,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on REG shares. Mizuho lifted their target price on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, January 8th. Scotiabank lowered their price objective 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. Finally, Wells Fargo & Company reduced their target price on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Regency Centers has a consensus rating of "Moderate Buy" and a consensus price target of $78.08.

Regency Centers Stock Performance

NASDAQ:REG traded up $0.24 during mid-day trading on Monday, hitting $71.66. The stock had a trading volume of 207,832 shares, compared to its average volume of 1,048,202. The company's 50 day simple moving average is $72.20 and its 200 day simple moving average is $72.71. The stock has a market cap of $13.01 billion, a price-to-earnings ratio of 33.83, a PEG ratio of 3.75 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. Regency Centers Co. has a twelve month low of $58.08 and a twelve month high of $78.18.

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

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.705 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a yield of 3.94%. Regency Centers's dividend payout ratio (DPR) is currently 133.02%.

Insiders Place Their Bets

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the sale, the chief financial officer now owns 54,020 shares in the company, valued at $3,975,872. The trade was a 27.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of Regency Centers stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total transaction 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 approximately $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 95,000 shares of company stock worth $6,977,500 over the last three months. 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.