Regency Centers Co. (NASDAQ:REG) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in shares of Regency Centers Co. (NASDAQ:REG) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,560 shares of the company’s stock after selling 654 shares during the quarter. Amalgamated Bank’s holdings in Regency Centers were worth $2,407,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Creative Planning increased its stake in shares of Regency Centers by 6.5% in the third quarter. Creative Planning now owns 13,276 shares of the company’s stock valued at $959,000 after purchasing an additional 816 shares during the period. International Assets Investment Management LLC boosted its position in Regency Centers by 7,209.8% during the 3rd quarter. International Assets Investment Management LLC now owns 18,567 shares of the company’s stock worth $1,341,000 after acquiring an additional 18,313 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Regency Centers by 43.7% in the third quarter. Assenagon Asset Management S.A. now owns 6,817 shares of the company’s stock worth $492,000 after purchasing an additional 2,073 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of Regency Centers by 8.1% during the third quarter. First Trust Direct Indexing L.P. now owns 3,847 shares of the company’s stock valued at $278,000 after purchasing an additional 288 shares during the period. Finally, US Bancorp DE raised its stake in shares of Regency Centers by 8.8% during the third quarter. US Bancorp DE now owns 8,036 shares of the company’s stock valued at $580,000 after purchasing an additional 647 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

REG has been the topic of a number of recent analyst reports. 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 report on Wednesday, January 29th. Mizuho increased their price target on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price objective on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. BTIG Research lifted their target price on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. 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 research report on Tuesday, December 24th. Three 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.08.

Regency Centers Stock Performance

Shares of Regency Centers stock opened at $76.70 on Friday. The business has a fifty day simple moving average of $72.75 and a 200-day simple moving average of $72.78. The stock has a market cap of $13.91 billion, a PE ratio of 36.18, a price-to-earnings-growth ratio of 3.75 and a beta of 1.21. 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 Co. has a 12 month low of $56.51 and a 12 month high of $76.88.

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

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.705 per share. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a yield of 3.68%. Regency Centers’s payout ratio is 133.02%.

Insiders Place Their Bets

In other news, CEO Lisa Palmer sold 25,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 139,923 shares in the company, valued at $10,250,758.98. This represents a 15.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the company’s stock in a transaction 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 sale, the chief financial officer now owns 54,020 shares of the company’s stock, valued at $3,975,872. This represents 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.

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.