Allianz Asset Management GmbH Reduces Position in Regency Centers Co. (NASDAQ:REG)

Allianz Asset Management GmbH cut its position in shares of Regency Centers Co. (NASDAQ:REG) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 390,986 shares of the company’s stock after selling 7,712 shares during the period. Allianz Asset Management GmbH owned approximately 0.22% of Regency Centers worth $28,906,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Glenmede Trust Co. NA boosted its stake in shares of Regency Centers by 4.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock worth $244,000 after purchasing an additional 141 shares during the period. Coldstream Capital Management Inc. boosted its position in Regency Centers by 4.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company’s stock valued at $286,000 after buying an additional 163 shares during the period. Greenleaf Trust boosted its position in Regency Centers by 3.8% in the 4th quarter. Greenleaf Trust now owns 4,735 shares of the company’s stock valued at $350,000 after buying an additional 172 shares during the period. Groupama Asset Managment boosted its position in Regency Centers by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 27,046 shares of the company’s stock valued at $1,954,000 after buying an additional 212 shares during the period. Finally, Ballentine Partners LLC boosted its position in Regency Centers by 9.4% in the 4th quarter. Ballentine Partners LLC now owns 3,178 shares of the company’s stock valued at $235,000 after buying an additional 272 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

REG has been the subject of several research reports. Evercore ISI lowered 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. Robert W. Baird boosted their price objective on shares of Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price target on shares of Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Wells Fargo & Company reduced their price target on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Finally, BTIG Research boosted their price target on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and an average target price of $78.08.

Regency Centers Trading Up 0.1 %

NASDAQ REG opened at $73.33 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. The firm has a market cap of $13.30 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 3.75 and a beta of 1.21. The company has a 50 day moving average price of $72.61 and a 200 day moving average price of $72.61. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $76.53.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data 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%. As a group, sell-side analysts forecast that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently declared 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 is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a yield of 3.85%. Regency Centers’s payout ratio is 133.02%.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 owns 54,020 shares in the company, valued at approximately $3,975,872. This represents a 27.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 139,923 shares in the company, valued at $10,250,758.98. This trade represents a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

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.