91,912 Shares in Regency Centers Co. (NASDAQ:REG) Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. bought a new stake in shares of Regency Centers Co. (NASDAQ:REG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 91,912 shares of the company’s stock, valued at approximately $6,796,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Verition Fund Management LLC lifted its position in Regency Centers by 138.1% during the third quarter. Verition Fund Management LLC now owns 13,694 shares of the company’s stock valued at $989,000 after purchasing an additional 7,942 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Regency Centers by 47.3% during the 3rd quarter. HighTower Advisors LLC now owns 29,342 shares of the company’s stock valued at $2,121,000 after buying an additional 9,424 shares during the period. Royal London Asset Management Ltd. boosted its stake in shares of Regency Centers by 9.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 105,433 shares of the company’s stock worth $7,615,000 after buying an additional 8,959 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of Regency Centers by 25.0% in the third quarter. Quantinno Capital Management LP now owns 16,760 shares of the company’s stock worth $1,211,000 after acquiring an additional 3,352 shares during the period. Finally, National Bank of Canada FI increased its position in Regency Centers by 701.7% during the third quarter. National Bank of Canada FI now owns 361,597 shares of the company’s stock valued at $26,118,000 after acquiring an additional 316,496 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Activity

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of Regency Centers stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total value of $1,831,500.00. Following the sale, the chief executive officer now owns 139,923 shares of the company’s stock, valued at $10,250,758.98. The trade was a 15.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total value of $3,674,000.00. Following the transaction, the chairman now owns 110,263 shares of the company’s stock, valued at $8,102,125.24. This represents a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock worth $6,977,500 over the last quarter. Insiders own 1.00% of the company’s stock.

Regency Centers Stock Down 1.8 %

REG opened at $67.54 on Tuesday. The stock has a market cap of $12.26 billion, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The firm’s fifty day moving average is $73.12 and its 200 day moving average is $72.87. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $78.18.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data 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 return on equity of 5.91% and a net margin of 27.54%. On average, sell-side analysts forecast that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date was Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is currently 133.02%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wells Fargo & Company dropped their target price on Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Mizuho raised their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Finally, Evercore ISI reduced their target price on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. 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. Based on data from MarketBeat.com, Regency Centers currently has an average rating of “Moderate Buy” and an average 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.