Amalgamated Bank Sells 654 Shares of Regency Centers Co. (NASDAQ:REG)

Amalgamated Bank lowered its holdings in Regency Centers Co. (NASDAQ:REG) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 32,560 shares of the company’s stock after selling 654 shares during the period. Amalgamated Bank’s holdings in Regency Centers were worth $2,407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its stake in shares of Regency Centers by 3.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,467,980 shares of the company’s stock worth $108,528,000 after acquiring an additional 45,514 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Regency Centers by 100.7% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 68,360 shares of the company’s stock worth $5,054,000 after purchasing an additional 34,300 shares during the period. Legacy Capital Group California Inc. acquired a new position in shares of Regency Centers during the fourth quarter valued at about $287,000. Ieq Capital LLC lifted its stake in shares of Regency Centers by 41.2% in the fourth quarter. Ieq Capital LLC now owns 4,876 shares of the company’s stock valued at $360,000 after buying an additional 1,423 shares during the period. Finally, Venturi Wealth Management LLC grew its position 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 buying an additional 836 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction on 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 sale, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. This trade represents a 27.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 owns 139,923 shares of the company’s stock, valued at approximately $10,250,758.98. This represents a 15.16 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. BTIG Research lifted 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. Wells Fargo & Company lowered their price target on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Evercore ISI decreased their target price on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. JPMorgan Chase & Co. raised their price target on shares of Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, Mizuho increased their target price on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Three 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.08.

Regency Centers Trading Up 1.5 %

Shares of NASDAQ REG opened at $76.70 on Friday. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.88. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average of $72.75 and a two-hundred day moving average of $72.78. The company has a market cap of $13.91 billion, a PE ratio of 36.18, a P/E/G ratio of 3.75 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last released its earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. As a group, equities analysts expect that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

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

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.