Bank of New York Mellon Corp Grows Position in Regency Centers Co. (NASDAQ:REG)

Bank of New York Mellon Corp increased its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,467,980 shares of the company's stock after acquiring an additional 45,514 shares during the quarter. Bank of New York Mellon Corp owned about 0.81% of Regency Centers worth $108,528,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Creative Planning increased its holdings in Regency Centers by 6.5% in the 3rd quarter. Creative Planning now owns 13,276 shares of the company's stock valued at $959,000 after acquiring an additional 816 shares during the last quarter. International Assets Investment Management LLC increased its holdings in 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 acquiring an additional 18,313 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Regency Centers by 43.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 6,817 shares of the company's stock valued at $492,000 after acquiring an additional 2,073 shares during the last quarter. First Trust Direct Indexing L.P. increased its holdings in Regency Centers by 8.1% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,847 shares of the company's stock valued at $278,000 after acquiring an additional 288 shares during the last quarter. Finally, US Bancorp DE increased its holdings in Regency Centers by 8.8% in the 3rd quarter. US Bancorp DE now owns 8,036 shares of the company's stock valued at $580,000 after acquiring an additional 647 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Regency Centers

In other news, CEO Lisa Palmer sold 25,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total value 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 approximately $10,250,758.98. The trade was a 15.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the business's stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 54,020 shares of the company's stock, valued at approximately $3,975,872. This represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Regency Centers Trading Up 1.4 %

Shares of REG stock traded up $1.04 during trading hours on Monday, reaching $77.74. 1,364,229 shares of the stock were exchanged, compared to its average volume of 972,571. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $77.92. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The company's 50-day moving average price is $72.83 and its 200-day moving average price is $72.86. The firm has a market capitalization of $14.10 billion, a price-to-earnings ratio of 36.67, a price-to-earnings-growth ratio of 3.75 and a beta of 1.21.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share (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, equities analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.705 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.63%. Regency Centers's dividend payout ratio (DPR) is 133.02%.

Wall Street Analyst Weigh In

A number of brokerages have commented on REG. Mizuho lifted their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. BTIG Research lifted their price objective 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. lifted their price objective 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 dropped their price objective on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a research note on Tuesday, December 24th. Finally, Wells Fargo & Company dropped their price objective on shares of Regency Centers from $81.00 to $80.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $78.08.

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.