Trustmark National Bank Trust Department Boosts Stake in Regency Centers Co. (NASDAQ:REG)

Trustmark National Bank Trust Department lifted its stake in shares of Regency Centers Co. (NASDAQ:REG) by 12.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,228 shares of the company’s stock after acquiring an additional 1,272 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Regency Centers were worth $830,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in REG. Heck Capital Advisors LLC bought a new stake in Regency Centers during the fourth quarter worth about $26,000. National Pension Service bought a new stake in Regency Centers in the 4th quarter worth approximately $27,000. Catalyst Capital Advisors LLC bought a new stake in Regency Centers in the 4th quarter worth approximately $54,000. Venturi Wealth Management LLC boosted its stake in Regency Centers by 4,400.0% in 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. Finally, Farther Finance Advisors LLC grew its position in Regency Centers by 27.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company’s stock valued at $74,000 after acquiring an additional 219 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Stock Performance

Shares of REG opened at $70.41 on Tuesday. The firm has a market capitalization of $12.78 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The company has a 50-day simple moving average of $72.60 and a two-hundred day simple moving average of $72.69. Regency Centers Co. has a one year low of $56.51 and a one year high of $78.18.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. On average, analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.705 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 4.01%. Regency Centers’s dividend payout ratio (DPR) is presently 133.02%.

Insider Activity at Regency Centers

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction that occurred 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total value of $3,674,000.00. Following the sale, the chairman now directly owns 110,263 shares of the company’s stock, valued at $8,102,125.24. This represents a 31.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

REG has been the subject of a number of research reports. Mizuho upped their price objective 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. Evercore ISI decreased their price objective on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Finally, Wells Fargo & Company dropped their target price on Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $78.00.

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.