Cadence Capital Management LLC lowered its position in Regency Centers Corp (NYSE:REG) by 29.8% in the 4th quarter, Holdings Channel reports. The firm owned 8,036 shares of the real estate investment trust’s stock after selling 3,418 shares during the period. Cadence Capital Management LLC’s holdings in Regency Centers were worth $556,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Regency Centers by 3.9% in the third quarter. Principal Financial Group Inc. now owns 5,156,883 shares of the real estate investment trust’s stock valued at $319,928,000 after purchasing an additional 193,020 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Regency Centers by 7.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,586,197 shares of the real estate investment trust’s stock valued at $98,408,000 after purchasing an additional 107,561 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Regency Centers by 3,080.1% in the third quarter. Advisors Asset Management Inc. now owns 7,505 shares of the real estate investment trust’s stock valued at $466,000 after purchasing an additional 7,269 shares during the last quarter. Honeywell International Inc. raised its holdings in shares of Regency Centers by 27.8% in the third quarter. Honeywell International Inc. now owns 56,679 shares of the real estate investment trust’s stock valued at $3,516,000 after purchasing an additional 12,312 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Regency Centers by 1.2% in the third quarter. Swiss National Bank now owns 651,279 shares of the real estate investment trust’s stock valued at $40,405,000 after purchasing an additional 7,700 shares during the last quarter. Institutional investors own 92.24% of the company’s stock.

Regency Centers Corp (NYSE REG) opened at $57.66 on Thursday. The firm has a market cap of $9,790.00, a PE ratio of 66.28, a PEG ratio of 1.88 and a beta of 0.43. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.94 and a quick ratio of 0.63. Regency Centers Corp has a 12 month low of $54.87 and a 12 month high of $72.05.

Regency Centers (NYSE:REG) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.42). The business had revenue of $257.95 million during the quarter, compared to analysts’ expectations of $257.60 million. Regency Centers had a return on equity of 2.71% and a net margin of 18.16%. During the same quarter in the previous year, the business earned $0.86 EPS. equities research analysts expect that Regency Centers Corp will post 3.82 EPS for the current fiscal year.

Regency Centers declared that its board has approved a share repurchase plan on Thursday, February 8th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th will be paid a $0.555 dividend. This is an increase from Regency Centers’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.22 annualized dividend and a dividend yield of 3.85%. Regency Centers’s dividend payout ratio (DPR) is presently 243.68%.

In other news, CAO J Christian Leavitt sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $67.61, for a total value of $135,220.00. Following the completion of the transaction, the chief accounting officer now directly owns 14,314 shares in the company, valued at $967,769.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan Todd Roth sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $69.89, for a total transaction of $174,725.00. Following the completion of the transaction, the director now owns 7,453 shares of the company’s stock, valued at $520,890.17. The disclosure for this sale can be found here. Insiders sold 598,762 shares of company stock valued at $38,701,922 in the last quarter. Corporate insiders own 12.66% of the company’s stock.

A number of research firms recently issued reports on REG. Boenning Scattergood restated a “hold” rating on shares of Regency Centers in a report on Monday. TheStreet downgraded shares of Regency Centers from a “b-” rating to a “c” rating in a report on Thursday, February 8th. BTIG Research upgraded shares of Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Monday, January 29th. Jefferies Group set a $71.00 price objective on shares of Regency Centers and gave the stock a “hold” rating in a report on Friday, January 12th. Finally, Robert W. Baird restated a “buy” rating on shares of Regency Centers in a report on Friday, November 3rd. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $71.29.

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About Regency Centers

Regency Centers Corporation is a real estate investment trust (REIT). The Company is the general partner of Regency Centers, L.P. (the Operating Partnership). The Company is engaged in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership.

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Institutional Ownership by Quarter for Regency Centers (NYSE:REG)

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