Cypress Capital Group Trims Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Cypress Capital Group decreased its position in Regency Centers Co. (NASDAQ:REG) by 30.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,205 shares of the company’s stock after selling 3,127 shares during the period. Cypress Capital Group’s holdings in Regency Centers were worth $533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in REG. Heck Capital Advisors LLC purchased a new position in Regency Centers in the 4th quarter worth $26,000. National Pension Service acquired a new stake in Regency Centers during the 4th quarter worth about $27,000. Catalyst Capital Advisors LLC acquired a new stake in Regency Centers during the 4th quarter worth about $54,000. Venturi Wealth Management LLC grew its position in Regency Centers by 4,400.0% during the 4th quarter. Venturi Wealth Management LLC now owns 855 shares of the company’s stock worth $63,000 after purchasing an additional 836 shares during the period. Finally, Quest Partners LLC grew its position in Regency Centers by 84.8% during the 3rd quarter. Quest Partners LLC now owns 937 shares of the company’s stock worth $68,000 after purchasing an additional 430 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

REG has been the topic of several analyst reports. Evercore ISI cut their price target on 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. BTIG Research increased their price target on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Wells Fargo & Company cut their price target on Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Finally, Mizuho raised their target price on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.08.

Regency Centers Trading Up 1.0 %

REG stock opened at $77.09 on Thursday. 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 12-month low of $56.51 and a 12-month high of $78.18. The stock has a market cap of $13.98 billion, a price-to-earnings ratio of 36.36, a PEG ratio of 3.75 and a beta of 1.23. The business’s 50-day moving average is $72.92 and its 200 day moving average is $72.93.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data 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 return on equity of 5.91% and a net margin of 27.54%. On average, sell-side analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is 133.02%.

Insiders Place Their Bets

In other news, CEO Lisa Palmer sold 25,000 shares of Regency Centers stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $10,250,758.98. The trade was a 15.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael J. Mas sold 20,000 shares of Regency Centers 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 directly owns 54,020 shares in the company, valued at approximately $3,975,872. The trade was a 27.02 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

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.