Legacy Capital Group California Inc. Invests $287,000 in Regency Centers Co. (NASDAQ:REG)

Legacy Capital Group California Inc. acquired a new stake in Regency Centers Co. (NASDAQ:REG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,879 shares of the company's stock, valued at approximately $287,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Creative Planning grew its stake in shares of Regency Centers by 6.5% during the third quarter. Creative Planning now owns 13,276 shares of the company's stock valued at $959,000 after purchasing an additional 816 shares during the last quarter. Blue Trust Inc. lifted its holdings in Regency Centers by 310.1% during the 3rd quarter. Blue Trust Inc. now owns 3,441 shares of the company's stock worth $249,000 after buying an additional 2,602 shares in the last quarter. Greenleaf Trust boosted its position in Regency Centers by 5.5% in the 3rd quarter. Greenleaf Trust now owns 4,563 shares of the company's stock valued at $330,000 after buying an additional 238 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Regency Centers by 7,209.8% in the 3rd quarter. International Assets Investment Management LLC now owns 18,567 shares of the company's stock valued at $1,341,000 after buying an additional 18,313 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Regency Centers by 43.7% during the third quarter. Assenagon Asset Management S.A. now owns 6,817 shares of the company's stock worth $492,000 after acquiring an additional 2,073 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Trading Up 1.7 %

Shares of REG traded up $1.25 during trading hours on Tuesday, reaching $75.58. The stock had a trading volume of 433,432 shares, compared to its average volume of 929,480. The company has a market cap of $13.71 billion, a P/E ratio of 35.65, a P/E/G ratio of 3.75 and a beta of 1.22. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $76.53. 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 firm has a 50-day moving average of $72.59 and a 200 day moving average of $72.64.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping 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 expect that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.705 per share. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.73%. Regency Centers's dividend payout ratio (DPR) is currently 133.02%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Mizuho raised 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. BTIG Research upped their target price on shares of Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Robert W. Baird lifted their price target on shares of Regency Centers from $71.00 to $78.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Evercore ISI cut their price objective on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th. Finally, JPMorgan Chase & Co. raised their price objective 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. Three investment 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 company's stock. According to MarketBeat, Regency Centers has a consensus rating of "Moderate Buy" and an average target price of $78.08.

Insider Buying and Selling at Regency Centers

In other news, CFO Michael J. Mas sold 20,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 139,923 shares of the company's stock, valued at approximately $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

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.