Maryland State Retirement & Pension System Sells 861 Shares of Regency Centers Co. (NASDAQ:REG)

Maryland State Retirement & Pension System lessened its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 8.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,639 shares of the company’s stock after selling 861 shares during the period. Maryland State Retirement & Pension System’s holdings in Regency Centers were worth $713,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of REG. Heck Capital Advisors LLC purchased a new position in Regency Centers during the fourth quarter valued at $26,000. National Pension Service purchased a new position in shares of Regency Centers in the 4th quarter worth about $27,000. Catalyst Capital Advisors LLC bought a new position in Regency Centers in the 4th quarter worth about $54,000. Venturi Wealth Management LLC grew its position in Regency Centers by 4,400.0% during the 4th quarter. Venturi Wealth Management LLC now owns 855 shares of the company’s stock valued at $63,000 after purchasing an additional 836 shares during the last quarter. Finally, Quest Partners LLC increased its stake in Regency Centers by 84.8% during the 3rd quarter. Quest Partners LLC now owns 937 shares of the company’s stock valued at $68,000 after purchasing an additional 430 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the sale, the chairman now owns 110,263 shares in the company, valued at $8,102,125.24. This trade represents a 31.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction, the chief financial officer now owns 54,020 shares of the company’s stock, valued at approximately $3,975,872. This represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock valued at $6,977,500 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on REG shares. Wells Fargo & Company reduced their price target on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Mizuho boosted their price target on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Evercore ISI lowered their price target on 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 lifted their price objective on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.

Regency Centers Stock Up 1.3 %

Shares of REG stock opened at $72.44 on Tuesday. Regency Centers Co. has a 12 month low of $56.51 and a 12 month high of $78.18. The company has a 50 day simple moving average of $73.00 and a two-hundred day simple moving average of $73.00. The stock has a market cap of $13.14 billion, a P/E ratio of 34.17, a P/E/G ratio of 3.75 and a beta of 1.23. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66.

Regency Centers (NASDAQ:REG) last released its earnings results 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%. On average, research analysts expect that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.705 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a yield of 3.89%. Regency Centers’s payout ratio is presently 133.02%.

Regency Centers Company 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.