Achmea Investment Management B.V. Sells 740 Shares of Regency Centers Co. (NASDAQ:REG)

Achmea Investment Management B.V. cut its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,990 shares of the company’s stock after selling 740 shares during the quarter. Achmea Investment Management B.V.’s holdings in Regency Centers were worth $738,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of REG. Crossmark Global Holdings Inc. increased its holdings in shares of Regency Centers by 7.9% in the third quarter. Crossmark Global Holdings Inc. now owns 9,486 shares of the company’s stock worth $685,000 after purchasing an additional 696 shares during the last quarter. KBC Group NV increased its holdings in shares of Regency Centers by 303.3% in the third quarter. KBC Group NV now owns 169,927 shares of the company’s stock worth $12,274,000 after purchasing an additional 127,796 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of Regency Centers by 21.3% in the third quarter. Metis Global Partners LLC now owns 22,217 shares of the company’s stock worth $1,605,000 after purchasing an additional 3,902 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Regency Centers by 18.0% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,915 shares of the company’s stock worth $355,000 after purchasing an additional 748 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Regency Centers by 7.5% in the third quarter. CIBC Asset Management Inc now owns 24,544 shares of the company’s stock worth $1,773,000 after purchasing an additional 1,722 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Mizuho lifted 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. Evercore ISI reduced 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. Wells Fargo & Company reduced their price objective on Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Finally, BTIG Research boosted their price objective on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Three research 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $78.08.

Insider Activity at Regency Centers

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

Regency Centers Stock Up 1.0 %

Shares of NASDAQ:REG opened at $71.07 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The firm has a market capitalization of $12.89 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23. The business has a 50 day simple moving average of $72.81 and a two-hundred day simple moving average of $73.02. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $78.18.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts predict that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.705 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.97%. Regency Centers’s payout ratio is 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.