Inceptionr LLC Lowers Position in Regency Centers Co. (NASDAQ:REG)

Inceptionr LLC trimmed its position in Regency Centers Co. (NASDAQ:REG) by 76.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,454 shares of the company’s stock after selling 14,734 shares during the period. Inceptionr LLC’s holdings in Regency Centers were worth $329,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in shares of Regency Centers during the 4th quarter valued at $26,000. National Pension Service purchased a new position in Regency Centers during the 4th quarter valued at about $27,000. Catalyst Capital Advisors LLC bought a new stake in Regency Centers during the fourth quarter worth about $54,000. Venturi Wealth Management LLC grew its holdings in Regency Centers by 4,400.0% in 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 increased its stake in shares of Regency Centers by 84.8% during the third quarter. Quest Partners LLC now owns 937 shares of the company’s stock valued at $68,000 after purchasing an additional 430 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Insider Activity

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 transaction of $1,831,500.00. Following the completion of the sale, the chief executive officer now directly owns 139,923 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of the 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 owns 54,020 shares in the company, valued at $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on REG. BTIG Research boosted their price target on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Evercore ISI dropped their target price on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Mizuho raised their price target on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company dropped 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 note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.08.

Regency Centers Price Performance

NASDAQ REG opened at $73.96 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The company has a market capitalization of $13.41 billion, a price-to-earnings ratio of 34.89, a PEG ratio of 3.75 and a beta of 1.23. The stock has a 50-day moving average of $72.92 and a 200 day moving average of $73.00. Regency Centers Co. has a one year low of $56.51 and a one year high of $78.18.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping 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%. On average, sell-side analysts forecast that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued 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 dividend yield of 3.81%. Regency Centers’s payout ratio is 133.02%.

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.