Regency Centers Co. (NASDAQ:REG) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 7.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,395 shares of the company’s stock after purchasing an additional 244 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Regency Centers were worth $251,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC grew its stake in shares of Regency Centers by 104.1% in the 4th quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company’s stock valued at $1,442,000 after purchasing an additional 10,221 shares during the last quarter. Pacer Advisors Inc. grew its position in Regency Centers by 196.1% in the 4th quarter. Pacer Advisors Inc. now owns 36,245 shares of the company’s stock valued at $2,680,000 after buying an additional 24,003 shares during the last quarter. HighTower Advisors LLC increased its stake in Regency Centers by 47.3% in the 3rd quarter. HighTower Advisors LLC now owns 29,342 shares of the company’s stock valued at $2,121,000 after buying an additional 9,424 shares during the period. Royal London Asset Management Ltd. increased its stake in Regency Centers by 9.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 105,433 shares of the company’s stock valued at $7,615,000 after buying an additional 8,959 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in Regency Centers during the 3rd quarter worth $953,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on REG. Mizuho boosted their price target on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Evercore ISI dropped their target price on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Finally, Wells Fargo & Company reduced their price target on Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a report on Wednesday. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $78.00.

Regency Centers Trading Up 0.7 %

Shares of REG stock opened at $72.87 on Friday. The stock has a market cap of $13.22 billion, a P/E ratio of 34.37, a P/E/G ratio of 3.75 and a beta of 1.23. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $78.18. The business has a fifty day simple moving average of $73.12 and a 200-day simple moving average of $72.98.

Regency Centers (NASDAQ:REG) last posted its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate 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 forecast that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 3.87%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s payout ratio is 133.02%.

Insider Transactions at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the completion of the sale, the chairman now directly owns 110,263 shares in the company, valued at $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the completion of the transaction, the chief executive officer now directly owns 139,923 shares of the company’s stock, valued at approximately $10,250,758.98. This represents a 15.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,000 shares of company stock valued at $6,977,500 over the last three months. 1.00% of the stock is currently owned by insiders.

Regency Centers Company Profile

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.