Natixis Advisors LLC Sells 20,377 Shares of Regency Centers Co. (NASDAQ:REG)

Natixis Advisors LLC trimmed its stake in shares of Regency Centers Co. (NASDAQ:REG) by 39.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 31,208 shares of the company’s stock after selling 20,377 shares during the quarter. Natixis Advisors LLC’s holdings in Regency Centers were worth $2,307,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of REG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Regency Centers by 1,138.5% during the 3rd 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 buying an additional 1,908,153 shares during the last quarter. Waterfront Capital Partners LLC bought a new stake in shares of Regency Centers during the 3rd quarter worth $33,628,000. JPMorgan Chase & Co. lifted its position in shares of Regency Centers by 4.1% during the 3rd 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. lifted its position in shares of Regency Centers by 4.2% during the 4th quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company’s stock worth $678,873,000 after buying an additional 366,427 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Regency Centers by 701.7% during the 3rd quarter. National Bank of Canada FI now owns 361,597 shares of the company’s stock worth $26,118,000 after buying an additional 316,496 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. BTIG Research upped 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 lowered their target price on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Mizuho upped their target price on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Finally, Evercore ISI lowered their target price on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a report 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 MarketBeat.com, Regency Centers presently has an average rating of “Moderate Buy” and an average target price of $78.08.

Regency Centers Trading Down 0.7 %

Shares of REG stock opened at $71.50 on Monday. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 3.75 and a beta of 1.23. The stock has a 50-day moving average of $72.97 and a 200-day moving average of $73.00. 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 Co. has a 1-year low of $56.51 and a 1-year high of $78.18.

Regency Centers (NASDAQ:REG) last released its earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. On average, equities research analysts forecast that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a dividend of $0.705 per share. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.94%. Regency Centers’s dividend payout ratio is currently 133.02%.

Insider Buying and Selling

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total value of $3,674,000.00. Following the transaction, the chairman now owns 110,263 shares in the company, valued at approximately $8,102,125.24. This represents a 31.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa Palmer sold 25,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 139,923 shares in the company, valued at approximately $10,250,758.98. The trade was a 15.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,000 shares of company stock valued at $6,977,500 over the last 90 days. Company insiders own 1.00% of the company’s stock.

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.