Ossiam Has $1.58 Million Stake in Regency Centers Co. (NASDAQ:REG)

Ossiam raised its holdings in Regency Centers Co. (NASDAQ:REG) by 18.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,324 shares of the company’s stock after buying an additional 3,343 shares during the period. Ossiam’s holdings in Regency Centers were worth $1,576,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC raised its holdings in Regency Centers by 104.1% during the fourth quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company’s stock worth $1,442,000 after acquiring an additional 10,221 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Regency Centers in the 4th quarter valued at approximately $1,499,000. Pacer Advisors Inc. grew its stake in shares of Regency Centers by 196.1% in the fourth quarter. Pacer Advisors Inc. now owns 36,245 shares of the company’s stock valued at $2,680,000 after buying an additional 24,003 shares in the last quarter. Contravisory Investment Management Inc. acquired a new position in Regency Centers during the fourth quarter worth $567,000. Finally, JPMorgan Chase & Co. lifted its stake in Regency Centers by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock valued at $801,056,000 after acquiring an additional 435,932 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Insider Buying and Selling 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 shares were sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the completion of the transaction, the chairman now directly owns 110,263 shares in the company, valued at $8,102,125.24. This represents a 31.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on REG. Mizuho raised their target price on shares of Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Evercore ISI dropped their price target on 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. Finally, Wells Fargo & Company reduced their price objective on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $78.00.

Regency Centers Stock Performance

NASDAQ:REG opened at $71.66 on Monday. 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 fifty-two week low of $58.08 and a fifty-two week high of $78.18. The company has a market cap of $13.01 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 3.75 and a beta of 1.03. The stock has a fifty day moving average price of $72.38 and a 200-day moving average price of $72.67.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data 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, equities analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend was Wednesday, March 12th. Regency Centers’s 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.