Suntrust Banks Inc. lowered its stake in shares of Regency Centers Corp (NYSE:REG) by 13.7% during the 4th quarter, HoldingsChannel reports. The fund owned 26,347 shares of the real estate investment trust’s stock after selling 4,187 shares during the period. Suntrust Banks Inc.’s holdings in Regency Centers were worth $1,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. ZWJ Investment Counsel Inc. purchased a new stake in shares of Regency Centers during the fourth quarter worth $201,000. Wetherby Asset Management Inc. bought a new position in Regency Centers in the fourth quarter valued at $213,000. Commerzbank Aktiengesellschaft FI bought a new position in Regency Centers in the fourth quarter valued at $227,000. Parametrica Management Ltd bought a new position in Regency Centers in the fourth quarter valued at $229,000. Finally, WINTON GROUP Ltd bought a new position in Regency Centers in the third quarter valued at $219,000. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Regency Centers Corp (NYSE REG) opened at $58.93 on Friday. Regency Centers Corp has a 12 month low of $54.87 and a 12 month high of $70.64. The stock has a market capitalization of $9,962.44, a PE ratio of 67.74, a PEG ratio of 2.19 and a beta of 0.49. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 0.94.

Regency Centers (NYSE:REG) last announced its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.42). Regency Centers had a net margin of 18.16% and a return on equity of 2.71%. The company had revenue of $257.95 million for the quarter, compared to the consensus estimate of $257.60 million. During the same period last year, the business posted $0.86 earnings per share. sell-side analysts anticipate that Regency Centers Corp will post 3.8 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.555 per share. This is a boost from Regency Centers’s previous quarterly dividend of $0.38. This represents a $2.22 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date was Friday, February 16th. Regency Centers’s dividend payout ratio (DPR) is 255.17%.

Regency Centers announced that its board has initiated a stock buyback program on Thursday, February 8th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

A number of research firms recently commented on REG. Jefferies Group set a $64.00 target price on Regency Centers and gave the company a “hold” rating in a research note on Tuesday. SunTrust Banks reissued a “buy” rating and issued a $67.00 target price on shares of Regency Centers in a research note on Friday. Wells Fargo & Co reduced their target price on Regency Centers from $76.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday. Zacks Investment Research cut Regency Centers from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Regency Centers in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $69.73.

In other news, CAO J Christian Leavitt sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $67.61, for a total transaction of $135,220.00. Following the transaction, the chief accounting officer now directly owns 14,314 shares of the company’s stock, valued at $967,769.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Schweitzer sold 7,136 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $58.36, for a total value of $416,456.96. Following the transaction, the director now directly owns 45,847 shares in the company, valued at $2,675,630.92. The disclosure for this sale can be found here. Insiders have sold 2,365,155 shares of company stock worth $140,381,212 over the last ninety days. Insiders own 12.66% of the company’s stock.

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Regency Centers Company Profile

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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