Schroder Investment Management Group Sells 28,453 Shares of Regency Centers Co. (NASDAQ:REG)

Schroder Investment Management Group reduced its position in shares of Regency Centers Co. (NASDAQ:REG) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 765,924 shares of the company’s stock after selling 28,453 shares during the period. Schroder Investment Management Group owned 0.42% of Regency Centers worth $56,226,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cerity Partners LLC boosted its holdings in Regency Centers by 46.2% during the third quarter. Cerity Partners LLC now owns 9,722 shares of the company’s stock valued at $702,000 after acquiring an additional 3,074 shares during the period. Glenmede Trust Co. NA boosted its stake in Regency Centers by 4.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock valued at $244,000 after purchasing an additional 141 shares during the period. Public Sector Pension Investment Board grew its holdings in Regency Centers by 26.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 28,421 shares of the company’s stock valued at $2,053,000 after buying an additional 5,939 shares during the last quarter. Martingale Asset Management L P bought a new position in Regency Centers in the 3rd quarter worth approximately $332,000. Finally, Verition Fund Management LLC lifted its holdings in shares of Regency Centers by 138.1% during the third quarter. Verition Fund Management LLC now owns 13,694 shares of the company’s stock worth $989,000 after buying an additional 7,942 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Lisa Palmer sold 25,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 139,923 shares of the company’s stock, valued at $10,250,758.98. This trade represents a 15.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the sale, the chief financial officer now owns 54,020 shares in the company, valued at $3,975,872. The trade was a 27.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,000 shares of company stock worth $6,977,500 in the last quarter. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on REG shares. Mizuho raised their price objective 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. Evercore ISI decreased their price target on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Finally, Wells Fargo & Company cut their price objective on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Three 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Regency Centers Stock Up 1.2 %

Shares of REG opened at $73.76 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $73.17 and a two-hundred day moving average price of $72.95. The stock has a market cap of $13.39 billion, a price-to-earnings ratio of 34.79, a P/E/G ratio of 3.75 and a beta of 1.23. Regency Centers Co. has a 12 month low of $56.51 and a 12 month high of $78.18.

Regency Centers (NASDAQ:REG) last posted 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%. Equities analysts predict that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s payout ratio is 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.