New York Life Investment Management LLC Has $2.93 Million Holdings in Regency Centers Co. (NASDAQ:REG)

New York Life Investment Management LLC cut its position in Regency Centers Co. (NASDAQ:REG) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,660 shares of the company’s stock after selling 2,161 shares during the quarter. New York Life Investment Management LLC’s holdings in Regency Centers were worth $2,932,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. National Pension Service acquired a new position in Regency Centers in the 4th quarter valued at $27,000. Sitrin Capital Management LLC grew its position in Regency Centers by 1.1% in the 4th quarter. Sitrin Capital Management LLC now owns 62,518 shares of the company’s stock worth $4,664,000 after purchasing an additional 708 shares during the last quarter. Bank of New York Mellon Corp grew its position in Regency Centers by 3.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,467,980 shares of the company’s stock worth $108,528,000 after purchasing an additional 45,514 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Regency Centers by 100.7% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 68,360 shares of the company’s stock worth $5,054,000 after purchasing an additional 34,300 shares during the last quarter. Finally, Legacy Capital Group California Inc. acquired a new stake in Regency Centers in the 4th quarter worth $287,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Trading Up 1.5 %

Shares of REG stock opened at $76.70 on Friday. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $76.88. The company has a market capitalization of $13.91 billion, a P/E ratio of 36.18, a P/E/G ratio of 3.75 and a beta of 1.21. The firm has a 50-day moving average price of $72.75 and a 200 day moving average price of $72.78. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66.

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 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%. Research analysts forecast that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

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 dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s dividend payout ratio is currently 133.02%.

Wall Street Analyst Weigh In

Several analysts have issued reports on REG shares. BTIG Research raised their price target on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. raised their price target on shares of Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Wells Fargo & Company decreased their price target on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Mizuho raised their price target on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Finally, Evercore ISI reduced their price objective on shares of 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 equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Regency Centers presently has an average rating of “Moderate Buy” and an average price target of $78.08.

Insider Activity at Regency Centers

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 139,923 shares in the company, valued at approximately $10,250,758.98. This trade represents a 15.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 54,020 shares of the company’s stock, valued at $3,975,872. The trade was a 27.02 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

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.