Regency Centers Co. (NASDAQ:REG) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC cut its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 45.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,074 shares of the company's stock after selling 5,968 shares during the quarter. Tower Research Capital LLC TRC's holdings in Regency Centers were worth $523,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Heck Capital Advisors LLC acquired a new stake in Regency Centers during the fourth quarter worth about $26,000. National Pension Service acquired a new stake in shares of Regency Centers during the 4th quarter worth approximately $27,000. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Regency Centers during the 4th quarter valued at approximately $39,000. Catalyst Capital Advisors LLC acquired a new position in Regency Centers in the fourth quarter valued at approximately $54,000. Finally, Venturi Wealth Management LLC increased its stake in Regency Centers by 4,400.0% during the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock worth $63,000 after acquiring an additional 836 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on REG. Wells Fargo & Company decreased their price target on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Scotiabank lowered their target price on shares of Regency Centers from $80.00 to $76.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 23rd. Finally, Mizuho upped their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th. Three equities 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 stock. Based on data from MarketBeat, Regency Centers has an average rating of "Moderate Buy" and a consensus target price of $78.08.

Insider Activity at Regency Centers

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was 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 approximately $3,975,872. This trade represents a 27.02 % 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 business'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 completion of the sale, the chairman now directly owns 110,263 shares of the company's stock, valued at $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 95,000 shares of company stock valued at $6,977,500 over the last three months. 1.00% of the stock is owned by corporate insiders.

Regency Centers Stock Up 0.8 %

Shares of REG stock traded up $0.61 during trading hours on Friday, reaching $73.03. 617,795 shares of the stock were exchanged, compared to its average volume of 1,049,295. Regency Centers Co. has a 12-month low of $58.08 and a 12-month high of $78.18. The business's fifty day moving average is $72.08 and its two-hundred day moving average is $72.72. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The firm has a market capitalization of $13.26 billion, a P/E ratio of 34.45, a P/E/G ratio of 3.75 and a beta of 1.03.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings data 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 business had revenue of $370.35 million during the quarter, compared to analysts' expectations 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 previous year, the company earned $1.08 EPS. As a group, research analysts expect that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 3.86%. The ex-dividend date was Wednesday, March 12th. Regency Centers's payout ratio is 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.