Envestnet Asset Management Inc. Acquires 40,357 Shares of Regency Centers Co. (NASDAQ:REG)

Envestnet Asset Management Inc. grew its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 52.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 117,187 shares of the company's stock after purchasing an additional 40,357 shares during the quarter. Envestnet Asset Management Inc. owned about 0.06% of Regency Centers worth $8,664,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in Regency Centers during the fourth quarter worth approximately $1,262,425,000. Prudential Financial Inc. increased its holdings in shares of Regency Centers by 51.7% during the 4th quarter. Prudential Financial Inc. now owns 2,155,589 shares of the company's stock worth $159,363,000 after acquiring an additional 734,210 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Regency Centers by 137.2% during the 4th quarter. California Public Employees Retirement System now owns 776,521 shares of the company's stock valued at $57,408,000 after purchasing an additional 449,110 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Regency Centers by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock worth $801,056,000 after purchasing an additional 435,932 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Regency Centers by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company's stock valued at $678,873,000 after purchasing an additional 366,427 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Regency Centers Price Performance

Regency Centers stock traded up $0.30 during trading hours on Wednesday, reaching $72.62. 236,793 shares of the stock were exchanged, compared to its average volume of 1,052,496. 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 twelve month low of $58.08 and a twelve month high of $78.18. The company has a market cap of $13.18 billion, a P/E ratio of 34.25, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03. The stock has a 50 day moving average of $72.25 and a two-hundred day moving average of $72.67.

Regency Centers (NASDAQ:REG - Get Free Report) last posted 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 net margin of 27.54% and a return on equity of 5.91%. Equities analysts expect that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.705 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.88%. Regency Centers's dividend payout ratio (DPR) is currently 133.02%.

Insider Activity at Regency Centers

In related news, CEO Lisa Palmer sold 25,000 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the sale, the chief executive officer now owns 139,923 shares in the company, valued at $10,250,758.98. The trade was a 15.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction dated 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 completion of 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 95,000 shares of company stock valued at $6,977,500 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on REG. Mizuho lifted their target price 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. Evercore ISI reduced their price objective on Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. Finally, Wells Fargo & Company lowered their target price on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Three 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 company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.