LPL Financial LLC Purchases 781 Shares of Regency Centers Co. (NASDAQ:REG)

LPL Financial LLC raised its position in shares of Regency Centers Co. (NASDAQ:REG) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,135 shares of the company’s stock after purchasing an additional 781 shares during the quarter. LPL Financial LLC owned 0.07% of Regency Centers worth $9,029,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Glenmede Trust Co. NA grew its holdings in Regency Centers by 4.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock valued at $244,000 after buying an additional 141 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in Regency Centers by 4.3% during the third quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company’s stock valued at $286,000 after acquiring an additional 163 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Regency Centers by 3.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company’s stock valued at $356,000 after acquiring an additional 164 shares in the last quarter. Greenleaf Trust increased its holdings in Regency Centers by 3.8% in the 4th quarter. Greenleaf Trust now owns 4,735 shares of the company’s stock valued at $350,000 after acquiring an additional 172 shares during the last quarter. Finally, Groupama Asset Managment lifted its stake in Regency Centers by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 27,046 shares of the company’s stock worth $1,954,000 after purchasing an additional 212 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Price Performance

Regency Centers stock opened at $68.77 on Friday. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $78.18. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $73.23 and a 200-day moving average price of $72.91. The firm has a market capitalization of $12.48 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03.

Regency Centers (NASDAQ:REG) last announced its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. As a group, equities research analysts forecast that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 4.10%. The ex-dividend date was Wednesday, March 12th. Regency Centers’s dividend payout ratio is presently 133.02%.

Insider Activity at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total value of $3,674,000.00. Following the completion of the sale, the chairman now directly owns 110,263 shares in the company, valued at approximately $8,102,125.24. This represents a 31.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the firm’s stock in a transaction 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 owns 54,020 shares in the company, valued at approximately $3,975,872. This represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,000 shares of company stock worth $6,977,500 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

REG has been the topic of several research reports. Evercore ISI reduced their target price 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. Wells Fargo & Company reduced their price objective on Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Finally, Mizuho upped their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

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.