Sanctuary Advisors LLC Acquires 10,221 Shares of Regency Centers Co. (NASDAQ:REG)

Sanctuary Advisors LLC raised its holdings in Regency Centers Co. (NASDAQ:REG) by 104.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,038 shares of the company’s stock after buying an additional 10,221 shares during the period. Sanctuary Advisors LLC’s holdings in Regency Centers were worth $1,442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Planning raised its stake in shares of Regency Centers by 6.5% during the 3rd quarter. Creative Planning now owns 13,276 shares of the company’s stock worth $959,000 after purchasing an additional 816 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Regency Centers by 7,209.8% during the third quarter. International Assets Investment Management LLC now owns 18,567 shares of the company’s stock worth $1,341,000 after buying an additional 18,313 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Regency Centers by 43.7% during the third quarter. Assenagon Asset Management S.A. now owns 6,817 shares of the company’s stock worth $492,000 after acquiring an additional 2,073 shares in the last quarter. Ballentine Partners LLC acquired a new stake in Regency Centers in the third quarter valued at $210,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Regency Centers by 36.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,570 shares of the company’s stock valued at $1,898,000 after acquiring an additional 7,044 shares during the period. 96.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Regency Centers

In other news, 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 value of $1,831,500.00. Following the completion of the transaction, the chief executive officer now directly owns 139,923 shares in the company, valued at approximately $10,250,758.98. The trade was a 15.16 % 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 company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the sale, the chief financial officer now directly owns 54,020 shares of the company’s stock, valued at approximately $3,975,872. This trade represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Regency Centers Trading Up 1.4 %

REG stock opened at $74.33 on Tuesday. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $76.53. The company has a market capitalization of $13.48 billion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 3.75 and a beta of 1.21. The company’s 50-day simple moving average is $72.59 and its 200 day simple moving average is $72.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85.

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, 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%. As a group, sell-side analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a $0.705 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.79%. Regency Centers’s dividend payout ratio is presently 133.02%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on REG. JPMorgan Chase & Co. upped their target price on shares of Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Evercore ISI cut their price objective on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Robert W. Baird lifted their target price on Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Mizuho increased their price target on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company cut their price target on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.

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.