Barclays PLC Reduces Holdings in Regency Centers Co. (NASDAQ:REG)

Barclays PLC decreased its position in shares of Regency Centers Co. (NASDAQ:REG) by 28.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 253,052 shares of the company’s stock after selling 98,797 shares during the period. Barclays PLC owned approximately 0.14% of Regency Centers worth $18,711,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Regency Centers in the 4th quarter worth about $1,262,425,000. JPMorgan Chase & Co. raised its holdings in shares of Regency Centers by 0.5% in the fourth quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company’s stock worth $823,711,000 after buying an additional 51,424 shares during the period. Principal Financial Group Inc. lifted its stake 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 acquiring an additional 366,427 shares during the last quarter. Invesco Ltd. boosted its holdings in Regency Centers by 121.2% during the 4th quarter. Invesco Ltd. now owns 5,374,450 shares of the company’s stock valued at $397,333,000 after acquiring an additional 2,944,854 shares during the period. Finally, Geode Capital Management LLC grew its position in Regency Centers by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 4,568,525 shares of the company’s stock valued at $336,955,000 after acquiring an additional 86,644 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on REG. Mizuho boosted their target price 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. Wells Fargo & Company dropped their target price on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Finally, Evercore ISI decreased their price target 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 investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Insider Buying and Selling at Regency Centers

In other news, CFO Michael J. Mas sold 20,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 54,020 shares in the company, valued at $3,975,872. This trade represents a 27.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the transaction, the chairman now directly owns 110,263 shares of the company’s stock, valued at $8,102,125.24. This represents a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 95,000 shares of company stock worth $6,977,500. 1.00% of the stock is owned by corporate insiders.

Regency Centers Stock Performance

REG stock opened at $71.66 on Friday. The firm has a 50-day simple moving average of $72.38 and a two-hundred day simple moving average of $72.66. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. Regency Centers Co. has a one year low of $58.08 and a one year high of $78.18. The firm has a market cap of $13.01 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 3.75 and a beta of 1.03.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) 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%. On average, equities analysts forecast that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date was Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is presently 133.02%.

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.