Allspring Global Investments Holdings LLC Trims Stake in Regency Centers Co. (NASDAQ:REG)

Allspring Global Investments Holdings LLC cut its stake in Regency Centers Co. (NASDAQ:REG) by 4.1% during the fourth quarter, HoldingsChannel reports. The firm owned 7,272 shares of the company’s stock after selling 312 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Regency Centers were worth $525,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Regency Centers by 1.1% in the 3rd quarter. State Street Corp now owns 11,768,052 shares of the company’s stock valued at $857,892,000 after buying an additional 131,300 shares in the last quarter. JPMorgan Chase & Co. raised its position in Regency Centers by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock worth $801,056,000 after buying an additional 435,932 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Regency Centers by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,312,535 shares of the company’s stock worth $167,034,000 after purchasing an additional 71,278 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Regency Centers by 1,138.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company’s stock valued at $149,932,000 after acquiring an additional 1,908,153 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in Regency Centers by 8.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 731,045 shares of the company’s stock valued at $54,046,000 after acquiring an additional 57,020 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

REG has been the topic of several recent research reports. Robert W. Baird lifted their target price on shares of Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. BTIG Research upped their target price on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. increased their price target on shares of Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Evercore ISI cut 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 note on Tuesday, December 24th. Finally, Mizuho increased their price target on shares of Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.08.

Regency Centers Price Performance

Regency Centers stock opened at $74.33 on Tuesday. Regency Centers Co. has a one year low of $56.51 and a one year high of $76.53. 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 business has a fifty day moving average of $72.59 and a two-hundred day moving average of $72.64. The company has a market cap of $13.48 billion, a P/E ratio of 35.06, a price-to-earnings-growth ratio of 3.75 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping 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, analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The business 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. This represents a $2.82 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio is presently 133.02%.

Insider Buying and Selling

In other news, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the transaction, the chief financial officer now directly owns 54,020 shares of the company’s stock, valued at $3,975,872. The trade was a 27.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Lisa Palmer sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total value of $1,831,500.00. Following the transaction, 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.

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.