FIL Ltd Has $882,000 Position in Regency Centers Co. (NASDAQ:REG)

FIL Ltd lifted its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 1,125.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,925 shares of the company's stock after purchasing an additional 10,952 shares during the quarter. FIL Ltd's holdings in Regency Centers were worth $882,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of REG. Heck Capital Advisors LLC bought a new position in Regency Centers during the fourth quarter valued at about $26,000. National Pension Service bought a new position in shares of Regency Centers during the 4th quarter valued at about $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Regency Centers in the 4th quarter worth approximately $54,000. Venturi Wealth Management LLC raised its holdings in shares of Regency Centers by 4,400.0% in the 4th quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock worth $63,000 after purchasing an additional 836 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Regency Centers by 27.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock valued at $74,000 after purchasing an additional 219 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Regency Centers Stock Up 2.0 %

REG stock traded up $1.40 during midday trading on Thursday, reaching $71.61. The company had a trading volume of 132,290 shares, compared to its average volume of 1,056,206. The company has a 50 day moving average of $72.48 and a two-hundred day moving average of $72.65. The company has a market capitalization of $13.00 billion, a P/E ratio of 33.81, a PEG ratio of 3.75 and a beta of 1.03. Regency Centers Co. has a 1 year low of $56.92 and a 1 year high of $78.18. 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 (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data 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, equities research analysts expect that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.705 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.94%. Regency Centers's payout ratio is 133.02%.

Insider Buying and Selling

In other Regency Centers news, 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 transaction of $3,674,000.00. Following the transaction, the chairman now directly owns 110,263 shares in the company, valued at $8,102,125.24. This trade represents a 31.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of the company'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 owns 54,020 shares of the company's stock, valued at approximately $3,975,872. This trade represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,000 shares of company stock worth $6,977,500. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on REG. Mizuho upped 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. Wells Fargo & Company decreased their price target on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Finally, Evercore ISI cut their price objective on Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th. Three equities research 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 stock. According to data from MarketBeat, Regency Centers presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

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.