Atria Investments Inc Sells 170 Shares of Regency Centers Co. (NASDAQ:REG)

Atria Investments Inc decreased its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,355 shares of the company’s stock after selling 170 shares during the period. Atria Investments Inc’s holdings in Regency Centers were worth $396,000 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 business. KBC Group NV raised its position in shares of Regency Centers by 303.3% in the 3rd quarter. KBC Group NV now owns 169,927 shares of the company’s stock worth $12,274,000 after acquiring an additional 127,796 shares in the last quarter. Metis Global Partners LLC raised its position in shares of Regency Centers by 21.3% in the 3rd quarter. Metis Global Partners LLC now owns 22,217 shares of the company’s stock worth $1,605,000 after acquiring an additional 3,902 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Regency Centers by 18.0% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,915 shares of the company’s stock worth $355,000 after acquiring an additional 748 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Regency Centers by 7.5% in the 3rd quarter. CIBC Asset Management Inc now owns 24,544 shares of the company’s stock worth $1,773,000 after acquiring an additional 1,722 shares in the last quarter. Finally, Prudent Man Advisors LLC bought a new position in shares of Regency Centers in the 3rd quarter worth approximately $213,000. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on REG. Wells Fargo & Company decreased their target price on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. BTIG Research upped their price target on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. 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 note on Tuesday, December 24th. Finally, Mizuho upped their price target on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Three equities research 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $78.08.

Insider Transactions at Regency Centers

In other news, CFO Michael J. Mas sold 20,000 shares of the firm’s 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 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total value of $3,674,000.00. Following the completion of the transaction, the chairman now owns 110,263 shares in the company, valued at approximately $8,102,125.24. This trade represents a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock worth $6,977,500 in the last ninety days. Insiders own 1.00% of the company’s stock.

Regency Centers Stock Performance

Shares of REG opened at $71.07 on Monday. The business’s fifty day simple moving average is $72.81 and its two-hundred day simple moving average is $73.03. 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 company has a market cap of $12.89 billion, a price-to-earnings ratio of 33.52, a P/E/G ratio of 3.75 and a beta of 1.23.

Regency Centers (NASDAQ:REG) last issued its earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, beating 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%. Research analysts anticipate that Regency Centers Co. will post 4.54 earnings per share 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 dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.97%. Regency Centers’s dividend payout ratio is 133.02%.

About Regency Centers

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.