Voya Investment Management LLC Sells 10,410 Shares of Regency Centers Co. (NASDAQ:REG)

Voya Investment Management LLC reduced its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 4.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 222,177 shares of the company's stock after selling 10,410 shares during the quarter. Voya Investment Management LLC owned approximately 0.12% of Regency Centers worth $16,426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Heck Capital Advisors LLC bought a new stake in Regency Centers during the 4th quarter worth about $26,000. National Pension Service acquired a new position in Regency Centers during the fourth quarter valued at approximately $27,000. TD Waterhouse Canada Inc. grew its stake in Regency Centers by 48,700.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 487 shares in the last quarter. Canada Post Corp Registered Pension Plan acquired a new position in shares of Regency Centers during the 4th quarter worth approximately $39,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Regency Centers during the 4th quarter worth approximately $54,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the sale, the chairman now owns 110,263 shares of the company's stock, valued at $8,102,125.24. This represents a 31.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now owns 139,923 shares in the company, valued at approximately $10,250,758.98. This trade represents a 15.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,000 shares of company stock worth $6,977,500. Corporate insiders own 1.00% of the company's stock.

Regency Centers Stock Performance

Regency Centers stock traded up $0.61 during trading hours on Friday, hitting $73.03. The company had a trading volume of 617,795 shares, compared to its average volume of 1,043,713. The firm has a 50-day moving average of $72.03 and a 200 day moving average of $72.74. 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 cap of $13.26 billion, a PE ratio of 34.45, a PEG ratio of 3.75 and a beta of 1.03. Regency Centers Co. has a one year low of $58.19 and a one year high of $78.18.

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, topping analysts' consensus estimates 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 quarter last year, the company earned $1.08 earnings per share. On average, sell-side analysts expect that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given 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 3.86%. Regency Centers's payout ratio is presently 133.02%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Scotiabank lowered their target price 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. Wells Fargo & Company dropped their target price on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Finally, Mizuho raised their target price on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note 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 company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $78.08.

Regency Centers Company 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.