Arizona State Retirement System Sells 205 Shares of Regency Centers Co. (NASDAQ:REG)

Arizona State Retirement System reduced its stake in Regency Centers Co. (NASDAQ:REG) by 0.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 50,087 shares of the company’s stock after selling 205 shares during the quarter. Arizona State Retirement System’s holdings in Regency Centers were worth $3,703,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA grew its position in shares of Regency Centers by 4.4% in the third quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock valued at $244,000 after purchasing an additional 141 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in Regency Centers by 4.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company’s stock valued at $286,000 after purchasing an additional 163 shares during the period. Smartleaf Asset Management LLC boosted its stake in Regency Centers by 3.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company’s stock valued at $356,000 after purchasing an additional 164 shares during the period. Greenleaf Trust grew its holdings in Regency Centers by 3.8% in the 4th quarter. Greenleaf Trust now owns 4,735 shares of the company’s stock valued at $350,000 after buying an additional 172 shares during the last quarter. Finally, Groupama Asset Managment increased its position in Regency Centers by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 27,046 shares of the company’s stock worth $1,954,000 after buying an additional 212 shares during the period. Institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Down 0.7 %

Shares of REG opened at $73.96 on Monday. Regency Centers Co. has a 12 month low of $56.51 and a 12 month high of $78.18. The stock has a market cap of $13.41 billion, a price-to-earnings ratio of 34.89, a P/E/G ratio of 3.75 and a beta of 1.23. The company has a 50-day moving average price of $72.92 and a two-hundred day moving average price of $73.00. 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 (NASDAQ:REG) last posted its earnings results on Thursday, February 6th. The company reported $1.09 EPS 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%. Equities analysts predict that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s payout ratio is 133.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on REG shares. Mizuho increased their price objective on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Wells Fargo & Company decreased their price target on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Evercore ISI dropped their price objective on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Finally, BTIG Research increased their target price on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Three 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.08.

Insider Buying and Selling

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total value 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. The trade was a 27.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lisa Palmer sold 25,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total value 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. This trade represents a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

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.