New York Life Investment Management LLC Has $2.93 Million Stake in Regency Centers Co. (NASDAQ:REG)

New York Life Investment Management LLC decreased its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 5.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 39,660 shares of the company’s stock after selling 2,161 shares during the period. New York Life Investment Management LLC’s holdings in Regency Centers were worth $2,932,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Creative Planning grew its holdings in Regency Centers by 6.5% during the third quarter. Creative Planning now owns 13,276 shares of the company’s stock valued at $959,000 after purchasing an additional 816 shares during the period. International Assets Investment Management LLC grew its holdings in Regency Centers by 7,209.8% during the third quarter. International Assets Investment Management LLC now owns 18,567 shares of the company’s stock valued at $1,341,000 after purchasing an additional 18,313 shares during the period. Assenagon Asset Management S.A. grew its holdings in Regency Centers by 43.7% during the third quarter. Assenagon Asset Management S.A. now owns 6,817 shares of the company’s stock valued at $492,000 after purchasing an additional 2,073 shares during the period. First Trust Direct Indexing L.P. grew its holdings in Regency Centers by 8.1% during the third quarter. First Trust Direct Indexing L.P. now owns 3,847 shares of the company’s stock valued at $278,000 after purchasing an additional 288 shares during the period. Finally, US Bancorp DE grew its holdings in Regency Centers by 8.8% during the third quarter. US Bancorp DE now owns 8,036 shares of the company’s stock valued at $580,000 after purchasing an additional 647 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Performance

Shares of REG stock opened at $76.70 on Friday. The company’s fifty day simple moving average is $72.75 and its 200-day simple moving average is $72.78. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. The firm has a market cap of $13.91 billion, a PE ratio of 36.18, a P/E/G ratio of 3.75 and a beta of 1.21. Regency Centers Co. has a 12 month low of $56.51 and a 12 month high of $76.88.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. Equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio is presently 133.02%.

Insider Transactions at Regency Centers

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the sale, the chief financial officer now directly owns 54,020 shares of the company’s stock, valued at approximately $3,975,872. This represents a 27.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lisa Palmer sold 25,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 139,923 shares in the company, valued at $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 insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. BTIG Research boosted their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. boosted their price objective on shares of Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Evercore ISI cut their price target on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. 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 research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Regency Centers currently has an average rating of “Moderate Buy” and an average target price of $78.08.

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.