Banco Santander S.A. Has $687,000 Position in Regency Centers Co. (NASDAQ:REG)

Banco Santander S.A. cut its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 46.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,299 shares of the company’s stock after selling 7,951 shares during the quarter. Banco Santander S.A.’s holdings in Regency Centers were worth $687,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sanctuary Advisors LLC increased its holdings in shares of Regency Centers by 104.1% during the 4th quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company’s stock worth $1,442,000 after acquiring an additional 10,221 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Regency Centers by 196.1% during the 4th quarter. Pacer Advisors Inc. now owns 36,245 shares of the company’s stock worth $2,680,000 after acquiring an additional 24,003 shares during the last quarter. Trustmark National Bank Trust Department acquired a new position in shares of Regency Centers during the 3rd quarter worth approximately $719,000. HighTower Advisors LLC increased its holdings in shares of Regency Centers by 47.3% during the 3rd quarter. HighTower Advisors LLC now owns 29,342 shares of the company’s stock worth $2,121,000 after acquiring an additional 9,424 shares during the last quarter. Finally, Royal London Asset Management Ltd. increased its holdings in shares of Regency Centers by 9.3% during the 3rd quarter. Royal London Asset Management Ltd. now owns 105,433 shares of the company’s stock worth $7,615,000 after acquiring an additional 8,959 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Michael J. Mas sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total transaction 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 $3,975,872. This represents a 27.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $1,831,500.00. Following the sale, the chief executive officer now owns 139,923 shares of the company’s stock, valued at approximately $10,250,758.98. This 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 owned by corporate insiders.

Regency Centers Stock Performance

NASDAQ:REG opened at $73.96 on Monday. The stock has a fifty day moving average price of $72.92 and a 200-day moving average price of $73.00. The company has a market cap of $13.41 billion, a price-to-earnings ratio of 34.89, a PEG ratio of 3.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $78.18.

Regency Centers (NASDAQ:REG) last released its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. As a group, equities analysts anticipate 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. Investors of record on Wednesday, March 12th will be given a dividend of $0.705 per share. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.81%. Regency Centers’s dividend payout ratio is currently 133.02%.

Wall Street Analysts Forecast Growth

REG has been the topic of a number of recent analyst reports. BTIG Research boosted their target price on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Wells Fargo & Company reduced their price target on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Mizuho boosted their price target on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Finally, Evercore ISI reduced their price target on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.