Farringdon Capital Ltd. Makes New Investment in Regency Centers Co. (NASDAQ:REG)

Farringdon Capital Ltd. 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 SEC. The fund purchased 4,357 shares of the company's stock, valued at approximately $322,000.

Other large investors also recently made changes to their positions in the company. MML Investors Services LLC raised its position in shares of Regency Centers by 14.7% in the third quarter. MML Investors Services LLC now owns 9,817 shares of the company's stock valued at $709,000 after purchasing an additional 1,258 shares during the period. Sanctuary Advisors LLC lifted its holdings in Regency Centers by 26.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,817 shares of the company's stock worth $729,000 after purchasing an additional 2,042 shares during the last quarter. World Investment Advisors LLC bought a new stake in Regency Centers in the 3rd quarter valued at $782,000. Tidal Investments LLC increased its position in Regency Centers by 17.8% during the 3rd quarter. Tidal Investments LLC now owns 7,417 shares of the company's stock worth $536,000 after buying an additional 1,120 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Regency Centers by 6.3% during the third quarter. Franklin Resources Inc. now owns 278,647 shares of the company's stock worth $19,703,000 after buying an additional 16,617 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Mizuho raised their price target on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 8th. Wells Fargo & Company lowered 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. Evercore ISI lowered their price target 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, Scotiabank decreased their target price on Regency Centers from $80.00 to $76.00 and set a "sector perform" rating on the stock in a research report on Wednesday. Three investment 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 has a consensus rating of "Moderate Buy" and an average price target of $78.08.

Insider Buying and Selling

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the sale, the chairman now owns 110,263 shares in the company, valued at $8,102,125.24. This represents a 31.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael J. Mas sold 20,000 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were 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 owns 54,020 shares in the company, valued at approximately $3,975,872. The trade was a 27.02 % 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 company insiders.

Regency Centers Stock Down 0.9 %

NASDAQ:REG traded down $0.65 on Wednesday, hitting $71.67. The stock had a trading volume of 436,866 shares, compared to its average volume of 1,053,141. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. Regency Centers Co. has a 52 week low of $58.08 and a 52 week high of $78.18. The business's fifty day moving average is $72.25 and its 200 day moving average is $72.67. The company has a market cap of $13.01 billion, a PE ratio of 33.81, a P/E/G ratio of 3.75 and a beta of 1.03.

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

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend was Wednesday, March 12th. Regency Centers's dividend payout ratio is currently 133.02%.

Regency Centers 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.