Regency Centers Co. (NASDAQ:REG) Shares Sold by DnB Asset Management AS

DnB Asset Management AS reduced its stake in shares of Regency Centers Co. (NASDAQ:REG) by 11.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,134 shares of the company’s stock after selling 3,703 shares during the period. DnB Asset Management AS’s holdings in Regency Centers were worth $2,154,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of REG. Heck Capital Advisors LLC acquired a new stake in shares of Regency Centers during the 4th quarter worth about $26,000. National Pension Service purchased a new position in shares of Regency Centers during the fourth quarter valued at approximately $27,000. Catalyst Capital Advisors LLC acquired a new stake in Regency Centers during the fourth quarter worth approximately $54,000. Venturi Wealth Management LLC grew its stake in Regency Centers by 4,400.0% in the 4th 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 period. Finally, Farther Finance Advisors LLC lifted its stake in shares of Regency Centers by 27.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company’s stock worth $74,000 after purchasing an additional 219 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Evercore ISI lowered their price objective on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Wells Fargo & Company dropped their price target on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Finally, Mizuho lifted their price target on shares of Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Regency Centers currently has an average rating of “Moderate Buy” and an average target price of $78.00.

Insider Buying and Selling

In other news, CFO Michael J. Mas sold 20,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. The trade was a 27.02 % decrease in their position. The sale was disclosed in a legal filing 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 dated Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the completion of the transaction, the chief executive officer now owns 139,923 shares in the company, 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. Over the last quarter, insiders sold 95,000 shares of company stock worth $6,977,500. Insiders own 1.00% of the company’s stock.

Regency Centers Trading Down 0.3 %

REG opened at $73.57 on Wednesday. The firm has a market capitalization of $13.35 billion, a P/E ratio of 34.70, a P/E/G ratio of 3.75 and a beta of 1.23. The firm’s 50 day moving average is $73.20 and its 200-day moving average is $72.94. 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 52-week low of $56.51 and a 52-week high of $78.18.

Regency Centers (NASDAQ:REG) last announced its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating 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%. Analysts expect that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s payout ratio is currently 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.