Generali Asset Management SPA SGR Buys New Shares in Regency Centers Co. (NASDAQ:REG)

Generali Asset Management SPA SGR acquired a new position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,892 shares of the company's stock, valued at approximately $510,000.

A number of other hedge funds have also made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Regency Centers by 1,138.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company's stock valued at $149,932,000 after purchasing an additional 1,908,153 shares during the period. Waterfront Capital Partners LLC bought a new stake in Regency Centers during the third quarter worth about $33,628,000. JPMorgan Chase & Co. increased its holdings in Regency Centers by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock valued at $801,056,000 after purchasing an additional 435,932 shares in the last quarter. Principal Financial Group Inc. raised 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 buying an additional 366,427 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Regency Centers by 701.7% during the third quarter. National Bank of Canada FI now owns 361,597 shares of the company's stock worth $26,118,000 after purchasing an additional 316,496 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on REG shares. Evercore ISI dropped 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 research note on Tuesday, December 24th. Wells Fargo & Company dropped their price objective on Regency Centers from $81.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Mizuho boosted their target price on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 8th. Finally, BTIG Research increased their price target on shares of Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $78.08.

Regency Centers Stock Up 1.3 %

REG traded up $0.94 during trading on Monday, reaching $72.44. 1,075,893 shares of the stock were exchanged, compared to its average volume of 1,005,162. The stock has a market cap of $13.14 billion, a P/E ratio of 34.17, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The stock's 50 day moving average price is $72.97 and its two-hundred day moving average price is $73.00. Regency Centers Co. has a twelve month low of $56.51 and a twelve month high of $78.18.

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 return on equity of 5.91% and a net margin of 27.54%. Equities 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 will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a $0.705 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.89%. Regency Centers's dividend payout ratio is currently 133.02%.

Insider Transactions at Regency Centers

In related news, CFO Michael J. Mas sold 20,000 shares of the firm'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 directly owns 54,020 shares of the company's stock, valued at $3,975,872. This trade represents a 27.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 95,000 shares of company stock worth $6,977,500 over the last quarter. Company insiders own 1.00% of the company's stock.

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.