6,824 Shares in Regency Centers Co. (NASDAQ:REG) Bought by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP acquired a new position in Regency Centers Co. (NASDAQ:REG) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,824 shares of the company’s stock, valued at approximately $504,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its holdings in shares of Regency Centers by 8.6% during the fourth quarter. QRG Capital Management Inc. now owns 78,967 shares of the company’s stock valued at $5,838,000 after purchasing an additional 6,240 shares during the last quarter. Versor Investments LP raised its stake in Regency Centers by 145.4% during the fourth quarter. Versor Investments LP now owns 17,778 shares of the company’s stock valued at $1,314,000 after buying an additional 10,533 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in Regency Centers by 8,012.2% in the fourth quarter. Proficio Capital Partners LLC now owns 271,841 shares of the company’s stock worth $20,097,000 after acquiring an additional 268,490 shares in the last quarter. National Pension Service purchased a new stake in shares of Regency Centers in the fourth quarter worth $27,000. Finally, Sitrin Capital Management LLC grew its stake in shares of Regency Centers by 1.1% in the fourth quarter. Sitrin Capital Management LLC now owns 62,518 shares of the company’s stock worth $4,664,000 after acquiring an additional 708 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on REG shares. BTIG Research upped their price target on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. upped their target price on shares of Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Evercore ISI reduced their price target on shares of 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. Wells Fargo & Company lowered their price objective on Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Finally, Robert W. Baird increased their target price on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.08.

Insider Transactions at Regency Centers

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the firm’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 sale, the chief executive officer now owns 139,923 shares in the company, valued at approximately $10,250,758.98. This trade represents a 15.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the transaction, the chief financial officer now directly owns 54,020 shares in the company, valued at $3,975,872. This represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Regency Centers Stock Performance

Shares of REG opened at $75.56 on Friday. Regency Centers Co. has a one year low of $56.51 and a one year high of $76.53. The business has a fifty day moving average of $72.69 and a 200 day moving average of $72.72. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The firm has a market capitalization of $13.70 billion, a P/E ratio of 35.64, a PEG ratio of 3.75 and a beta of 1.22.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS 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%. As a group, sell-side analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio is presently 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.