APG Asset Management N.V. Purchases Shares of 94,000 Regency Centers Co. (NASDAQ:REG)

APG Asset Management N.V. purchased a new position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 94,000 shares of the company's stock, valued at approximately $6,711,000. APG Asset Management N.V. owned 0.05% of Regency Centers as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in REG. Norges Bank purchased a new stake in shares of Regency Centers in the fourth quarter valued at about $1,262,425,000. Invesco Ltd. increased its holdings in shares of Regency Centers by 121.2% in the fourth quarter. Invesco Ltd. now owns 5,374,450 shares of the company's stock valued at $397,333,000 after purchasing an additional 2,944,854 shares during the period. Prudential Financial Inc. raised its stake in shares of Regency Centers by 51.7% during the fourth quarter. Prudential Financial Inc. now owns 2,155,589 shares of the company's stock worth $159,363,000 after purchasing an additional 734,210 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Regency Centers by 137.2% during the fourth quarter. California Public Employees Retirement System now owns 776,521 shares of the company's stock worth $57,408,000 after purchasing an additional 449,110 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Regency Centers by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock valued at $801,056,000 after buying an additional 435,932 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Regency Centers Stock Performance

REG traded up $0.69 during trading hours on Wednesday, hitting $71.05. The company's stock had a trading volume of 108,535 shares, compared to its average volume of 1,058,367. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $78.18. The company has a 50-day simple moving average of $72.55 and a 200 day simple moving average of $72.67. The firm has a market capitalization of $12.90 billion, a PE ratio of 33.51, a PEG ratio of 3.75 and a beta of 1.03.

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

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a $0.705 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.97%. Regency Centers's dividend payout ratio (DPR) is 133.02%.

Analyst Ratings Changes

Several research analysts recently issued reports on REG shares. Evercore ISI cut 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 report on Tuesday, December 24th. 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. Finally, Wells Fargo & Company dropped their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $78.00.

Insider Buying and Selling

In related news, CFO Michael J. Mas sold 20,000 shares of the business'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 transaction of $1,472,000.00. Following the transaction, the chief financial officer now directly owns 54,020 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm's stock in a transaction dated 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 sale, the chairman now directly owns 110,263 shares of the company's stock, valued at $8,102,125.24. This trade represents a 31.20 % decrease in their ownership of the stock. 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 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.