Principal Securities Inc. Grows Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Principal Securities Inc. raised its stake in Regency Centers Co. (NASDAQ:REG) by 29.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,360 shares of the company’s stock after buying an additional 306 shares during the period. Principal Securities Inc.’s holdings in Regency Centers were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC bought a new stake in shares of Regency Centers in the 4th quarter valued at about $26,000. Quest Partners LLC raised its stake in shares of Regency Centers by 84.8% during the 3rd quarter. Quest Partners LLC now owns 937 shares of the company’s stock worth $68,000 after acquiring an additional 430 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Regency Centers during the 3rd quarter worth approximately $96,000. Quarry LP raised its stake in shares of Regency Centers by 2,811.4% during the 3rd quarter. Quarry LP now owns 2,300 shares of the company’s stock worth $166,000 after acquiring an additional 2,221 shares in the last quarter. Finally, D Orazio & Associates Inc. bought a new position in shares of Regency Centers during the 4th quarter worth approximately $200,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Regency Centers

In related news, CFO Michael J. Mas sold 20,000 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 54,020 shares in the company, valued at $3,975,872. The trade was a 27.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa Palmer sold 25,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the completion of the sale, the chief executive officer now owns 139,923 shares in the company, valued at $10,250,758.98. This represents a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on REG. JPMorgan Chase & Co. upped their price target on shares of Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Robert W. Baird upped their price target on shares of Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Evercore ISI cut their price target on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. 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 report on Wednesday, January 8th. Finally, BTIG Research upped their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.08.

Regency Centers Trading Down 0.3 %

NASDAQ REG opened at $75.25 on Thursday. The firm has a 50 day simple moving average of $72.63 and a 200-day simple moving average of $72.70. 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 Co. has a one year low of $56.51 and a one year high of $76.53. The firm has a market cap of $13.65 billion, a price-to-earnings ratio of 35.50, a PEG ratio of 3.75 and a beta of 1.22.

Regency Centers (NASDAQ:REG) last issued its quarterly 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%. Equities research analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a $0.705 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a yield of 3.75%. Regency Centers’s dividend payout ratio (DPR) is 133.02%.

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.