American International Group Inc. Sells 5,718 Shares of Regency Centers Co. (NYSE:REG)

American International Group Inc. lessened its stake in Regency Centers Co. (NYSE:REG) by 9.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,071 shares of the real estate investment trust’s stock after selling 5,718 shares during the quarter. American International Group Inc.’s holdings in Regency Centers were worth $1,980,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. PGGM Investments raised its stake in Regency Centers by 7.5% in the third quarter. PGGM Investments now owns 4,948,035 shares of the real estate investment trust’s stock valued at $188,124,000 after purchasing an additional 345,940 shares in the last quarter. Nuveen Asset Management LLC raised its stake in Regency Centers by 43.5% during the second quarter. Nuveen Asset Management LLC now owns 2,911,656 shares of the real estate investment trust’s stock worth $133,615,000 after acquiring an additional 881,939 shares in the last quarter. Prudential PLC raised its stake in Regency Centers by 11.4% during the third quarter. Prudential PLC now owns 2,056,400 shares of the real estate investment trust’s stock worth $78,184,000 after acquiring an additional 209,800 shares in the last quarter. Morgan Stanley raised its stake in Regency Centers by 13.7% during the first quarter. Morgan Stanley now owns 1,441,011 shares of the real estate investment trust’s stock worth $55,377,000 after acquiring an additional 173,626 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Regency Centers by 5.3% during the second quarter. California Public Employees Retirement System now owns 1,343,358 shares of the real estate investment trust’s stock worth $61,647,000 after acquiring an additional 67,477 shares in the last quarter. 93.87% of the stock is owned by institutional investors and hedge funds.

Regency Centers stock opened at $47.26 on Friday. The stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 2.50 and a beta of 0.37. Regency Centers Co. has a 52-week low of $31.80 and a 52-week high of $65.67. The stock’s 50 day moving average price is $39.63 and its two-hundred day moving average price is $41.55. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 0.87.

Regency Centers (NYSE:REG) last issued its earnings results on Thursday, November 5th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.14). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. During the same period last year, the business earned $0.99 EPS. On average, equities research analysts forecast that Regency Centers Co. will post 3.78 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Wednesday, December 16th will be given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend is Tuesday, December 15th. Regency Centers’s payout ratio is 64.50%.

In other news, VP Dan M. Chandler III sold 4,033 shares of the company’s stock in a transaction that occurred on Monday, November 16th. The stock was sold at an average price of $48.75, for a total transaction of $196,608.75. Following the transaction, the vice president now directly owns 19,367 shares of the company’s stock, valued at $944,141.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Todd Roth sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $47.47, for a total value of $128,169.00. 1.10% of the stock is owned by corporate insiders.

Several research analysts have commented on the company. Compass Point downgraded Regency Centers from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $50.00 to $45.00 in a research note on Wednesday, August 19th. They noted that the move was a valuation call. Bank of America upped their price objective on Regency Centers from $48.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, November 16th. Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a “buy” rating to a “hold” rating and lowered their price objective for the company from $56.00 to $44.00 in a research note on Monday, July 27th. Finally, Raymond James reaffirmed a “hold” rating on shares of Regency Centers in a research note on Wednesday, August 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $48.77.

Regency Centers Profile

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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.

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