Brevan Howard Capital Management LP Decreases Position in Regency Centers Co. (NASDAQ:REG)

Brevan Howard Capital Management LP reduced its stake in shares of Regency Centers Co. (NASDAQ:REG) by 54.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,920 shares of the company’s stock after selling 8,171 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Regency Centers were worth $512,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tidal Investments LLC raised its stake in shares of Regency Centers by 17.8% during the third quarter. Tidal Investments LLC now owns 7,417 shares of the company’s stock valued at $536,000 after purchasing an additional 1,120 shares during the period. Franklin Resources Inc. lifted its holdings in Regency Centers by 6.3% in the 3rd quarter. Franklin Resources Inc. now owns 278,647 shares of the company’s stock worth $19,703,000 after buying an additional 16,617 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Regency Centers by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock valued at $801,056,000 after buying an additional 435,932 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Regency Centers by 10.0% during the fourth quarter. Nordea Investment Management AB now owns 13,302 shares of the company’s stock valued at $980,000 after acquiring an additional 1,207 shares in the last quarter. Finally, Czech National Bank increased its position in shares of Regency Centers by 6.4% during the fourth quarter. Czech National Bank now owns 35,419 shares of the company’s stock worth $2,619,000 after acquiring an additional 2,144 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the transaction, the chief financial officer now owns 54,020 shares in the company, valued at approximately $3,975,872. This represents a 27.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $1,831,500.00. Following the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders have sold 95,000 shares of company stock valued at $6,977,500 over the last three months. Company insiders own 1.00% of the company’s stock.

Regency Centers Stock Up 0.7 %

Shares of NASDAQ:REG opened at $72.38 on Friday. The company’s fifty day moving average is $71.61 and its two-hundred day moving average is $72.74. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. Regency Centers Co. has a 1-year low of $58.19 and a 1-year high of $78.18. The stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 34.14, a price-to-earnings-growth ratio of 3.75 and a beta of 1.02.

Regency Centers (NASDAQ:REG) last issued its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.01. The firm had revenue of $370.35 million for the quarter, compared to analysts’ expectations of $364.64 million. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. During the same quarter last year, the company posted $1.08 earnings per share. Equities analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.705 per share. The ex-dividend date is Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a yield of 3.90%. Regency Centers’s payout ratio is currently 133.02%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Scotiabank reduced their price target on Regency Centers from $80.00 to $76.00 and set a “sector perform” rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company reduced their target price on Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.08.

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.