By otakuyassine3@gmail.com 
HighTower Advisors LLC increased its stake in Regency Centers Co. (NASDAQ:REG – Free Report) by 47.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,253 shares of the company’s stock after acquiring an additional 13,911 shares during the period. HighTower Advisors LLC’s holdings in Regency Centers were worth $3,198,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new stake in shares of Regency Centers in the 4th quarter valued at about $26,000. National Pension Service purchased a new position in Regency Centers during the 4th quarter valued at about $27,000. Catalyst Capital Advisors LLC purchased a new position in Regency Centers during the 4th quarter valued at about $54,000. Venturi Wealth Management LLC increased its holdings in Regency Centers by 4,400.0% during the 4th quarter. Venturi Wealth Management LLC now owns 855 shares of the company’s stock valued at $63,000 after purchasing an additional 836 shares during the period. Finally, Quest Partners LLC increased its holdings in Regency Centers by 84.8% during the 3rd quarter. Quest Partners LLC now owns 937 shares of the company’s stock valued at $68,000 after purchasing an additional 430 shares during the period. Institutional investors own 96.07% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on REG. BTIG Research boosted their price target on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Mizuho boosted their price target on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Wells Fargo & Company reduced their price target on Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Finally, Evercore ISI reduced their price target 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. Three research 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.
Read Our Latest Stock Analysis on REG
Regency Centers Stock Performance
Shares of REG opened at $71.50 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average price is $72.97 and its 200-day moving average price is $73.00. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $78.18. The stock has a market cap of $12.97 billion, a P/E ratio of 33.73, a P/E/G ratio of 3.75 and a beta of 1.23.
Regency Centers (NASDAQ:REG – Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. Equities research analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.
Regency Centers Dividend Announcement
The firm 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 annualized dividend and a yield of 3.94%. Regency Centers’s dividend payout ratio (DPR) is presently 133.02%.
Insider Activity at Regency Centers
In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chairman now directly owns 110,263 shares of the company’s stock, valued at approximately $8,102,125.24. This represents a 31.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the transaction, the chief financial officer now directly owns 54,020 shares in the company, valued at $3,975,872. This trade represents a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is owned by corporate insiders.
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.
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