Regency Centers Co. (NASDAQ:REG) Shares Sold by Cypress Capital Group

Cypress Capital Group decreased its holdings in Regency Centers Co. (NASDAQ:REG) by 30.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,205 shares of the company’s stock after selling 3,127 shares during the quarter. Cypress Capital Group’s holdings in Regency Centers were worth $533,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of REG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Regency Centers by 1,138.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company’s stock worth $149,932,000 after acquiring an additional 1,908,153 shares in the last quarter. Waterfront Capital Partners LLC acquired a new position in shares of Regency Centers in the third quarter worth $33,628,000. JPMorgan Chase & Co. grew its stake in shares of Regency Centers by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock worth $801,056,000 after acquiring an additional 435,932 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Regency Centers by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company’s stock worth $678,873,000 after acquiring an additional 366,427 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in shares of Regency Centers by 701.7% during the third quarter. National Bank of Canada FI now owns 361,597 shares of the company’s stock worth $26,118,000 after purchasing an additional 316,496 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Trading Up 1.0 %

NASDAQ REG opened at $77.09 on Thursday. The stock has a market capitalization of $13.98 billion, a P/E ratio of 36.36, a P/E/G ratio of 3.75 and a beta of 1.23. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $78.18. The firm has a 50-day moving average price of $72.92 and a 200 day moving average price of $72.93. 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 issued its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate 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 year.

Regency Centers Announces Dividend

The firm 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 $0.705 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.66%. Regency Centers’s dividend payout ratio is presently 133.02%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wells Fargo & Company lowered their target price on shares of 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 upped their price objective 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. BTIG Research upped their price objective 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. Finally, Evercore ISI decreased their price objective on shares of 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 assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.08.

Insider Activity

In related news, CFO Michael J. Mas sold 20,000 shares of the firm’s stock in a transaction that occurred 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 owns 54,020 shares in the company, valued at approximately $3,975,872. This trade represents a 27.02 % decrease in their ownership of the stock. 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 that occurred 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 owns 139,923 shares in the company, valued at approximately $10,250,758.98. This trade represents a 15.16 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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.