Victory Capital Management Inc. Lowers Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Victory Capital Management Inc. cut its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,634 shares of the company’s stock after selling 600 shares during the quarter. Victory Capital Management Inc.’s holdings in Regency Centers were worth $1,895,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new position in shares of Regency Centers during the 4th quarter valued at about $26,000. National Pension Service acquired a new position in Regency Centers during the fourth quarter worth approximately $27,000. Catalyst Capital Advisors LLC purchased a new position in Regency Centers during the fourth quarter worth approximately $54,000. Venturi Wealth Management LLC raised its stake in Regency Centers by 4,400.0% during the fourth 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 boosted its holdings in shares of Regency Centers by 84.8% in the 3rd quarter. Quest Partners LLC now owns 937 shares of the company’s stock valued at $68,000 after purchasing an additional 430 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Regency Centers

In other news, CEO Lisa Palmer sold 25,000 shares of the business’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 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 54,020 shares in the company, valued at $3,975,872. The trade was a 27.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock valued at $6,977,500 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Regency Centers Trading Up 0.5 %

NASDAQ REG opened at $71.43 on Tuesday. The company’s fifty day simple moving average is $72.82 and its 200-day simple moving average is $73.03. The stock has a market cap of $12.95 billion, a P/E ratio of 33.69, a PEG ratio of 3.75 and a beta of 1.23. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $78.18. 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 (NASDAQ:REG) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. Equities research analysts predict that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.705 per share. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.95%. Regency Centers’s dividend payout ratio is presently 133.02%.

Analyst Ratings Changes

A number of research firms have recently commented on REG. BTIG Research upped their price objective on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Mizuho raised their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. 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 report on Wednesday, January 29th. Finally, Evercore ISI cut their price target on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $78.08.

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.