Sei Investments Co. Decreases Holdings in Regency Centers Co. (NASDAQ:REG)

Sei Investments Co. reduced its position in Regency Centers Co. (NASDAQ:REG) by 55.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 205,390 shares of the company’s stock after selling 253,049 shares during the period. Sei Investments Co.’s holdings in Regency Centers were worth $15,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in 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 valued at $149,932,000 after acquiring an additional 1,908,153 shares during the period. Waterfront Capital Partners LLC bought a new position in shares of Regency Centers in the 3rd quarter worth approximately $33,628,000. JPMorgan Chase & Co. boosted its holdings 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 buying an additional 435,932 shares during the last quarter. Principal Financial Group Inc. grew its position in Regency Centers by 4.2% during the fourth quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company’s stock valued at $678,873,000 after buying an additional 366,427 shares during the period. Finally, National Bank of Canada FI increased its holdings in Regency Centers by 701.7% during the third quarter. National Bank of Canada FI now owns 361,597 shares of the company’s stock valued at $26,118,000 after buying an additional 316,496 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Up 0.7 %

Shares of REG opened at $72.87 on Friday. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $78.18. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $13.22 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23. The business’s 50 day moving average is $73.12 and its 200 day moving average is $72.98.

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

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is presently 133.02%.

Insider Activity

In other news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total value of $3,674,000.00. Following the sale, the chairman now directly owns 110,263 shares in the company, valued at $8,102,125.24. The trade was a 31.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were 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 $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. Insiders sold a total of 95,000 shares of company stock worth $6,977,500 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on REG. Mizuho lifted their price target on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Wells Fargo & Company cut their price target on Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Evercore ISI decreased their price objective on 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. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Regency Centers presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

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.