Cbre Investment Management Listed Real Assets LLC Sells 16,798 Shares of Regency Centers Co. (NASDAQ:REG)

Cbre Investment Management Listed Real Assets LLC trimmed its stake in shares of Regency Centers Co. (NASDAQ:REG) by 1.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,542,507 shares of the company’s stock after selling 16,798 shares during the quarter. Regency Centers makes up approximately 2.0% of Cbre Investment Management Listed Real Assets LLC’s investment portfolio, making the stock its 14th biggest position. Cbre Investment Management Listed Real Assets LLC’s holdings in Regency Centers were worth $114,038,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in REG. International Assets Investment Management LLC increased its holdings in Regency Centers by 7,209.8% in the third quarter. International Assets Investment Management LLC now owns 18,567 shares of the company’s stock worth $1,341,000 after purchasing an additional 18,313 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in Regency Centers by 8.1% in the third quarter. First Trust Direct Indexing L.P. now owns 3,847 shares of the company’s stock worth $278,000 after purchasing an additional 288 shares in the last quarter. US Bancorp DE increased its holdings in Regency Centers by 8.8% in the third quarter. US Bancorp DE now owns 8,036 shares of the company’s stock worth $580,000 after purchasing an additional 647 shares in the last quarter. Van ECK Associates Corp increased its holdings in Regency Centers by 11.2% in the third quarter. Van ECK Associates Corp now owns 77,755 shares of the company’s stock worth $5,616,000 after purchasing an additional 7,802 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in Regency Centers by 3.9% in the third quarter. Asset Management One Co. Ltd. now owns 366,702 shares of the company’s stock worth $26,487,000 after purchasing an additional 13,863 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on REG shares. Mizuho boosted their price objective on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. BTIG Research boosted their price objective on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Evercore ISI decreased their price objective on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Finally, Wells Fargo & Company decreased their price objective on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Regency Centers currently has a consensus rating of “Moderate Buy” and an average target price of $78.08.

Regency Centers Stock Down 1.8 %

Shares of NASDAQ:REG opened at $76.35 on Wednesday. The stock has a market cap of $13.85 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 3.75 and a beta of 1.21. 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 12-month low of $56.51 and a 12-month high of $78.18. The business’s 50 day moving average is $72.87 and its 200 day moving average is $72.90.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts forecast that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.705 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.69%. Regency Centers’s dividend payout ratio is currently 133.02%.

Insiders Place Their Bets

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the business’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 sale, the chief executive officer now directly owns 139,923 shares in the company, valued at $10,250,758.98. The trade was a 15.16 % 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, CFO Michael J. Mas sold 20,000 shares of the business’s stock in a transaction on 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 approximately $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.