Headlands Technologies LLC Takes $558,000 Position in Regency Centers Co. (NASDAQ:REG)

Headlands Technologies LLC acquired a new stake in Regency Centers Co. (NASDAQ:REG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,546 shares of the company's stock, valued at approximately $558,000.

A number of other institutional investors have also made changes to their positions in REG. Glenmede Trust Co. NA increased its stake in shares of Regency Centers by 4.4% during the third quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company's stock worth $244,000 after purchasing an additional 141 shares during the period. Coldstream Capital Management Inc. increased its position in Regency Centers by 4.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company's stock worth $286,000 after buying an additional 163 shares during the period. Smartleaf Asset Management LLC increased its position in Regency Centers by 3.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company's stock worth $356,000 after buying an additional 164 shares during the period. Greenleaf Trust boosted its position in shares of Regency Centers by 3.8% in the fourth quarter. Greenleaf Trust now owns 4,735 shares of the company's stock valued at $350,000 after acquiring an additional 172 shares during the period. Finally, Groupama Asset Managment grew its stake in shares of Regency Centers by 0.8% in the third quarter. Groupama Asset Managment now owns 27,046 shares of the company's stock valued at $1,954,000 after acquiring an additional 212 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling 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 shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the sale, the chief executive officer now owns 139,923 shares of the company's stock, valued at $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $3,674,000.00. Following the transaction, the chairman now owns 110,263 shares of the company's stock, valued at $8,102,125.24. This trade 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 worth $6,977,500 over the last quarter. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. 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. Wells Fargo & Company dropped their price target 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. Finally, Evercore ISI reduced their price target on Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 24th. 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $78.00.

Regency Centers Price Performance

NASDAQ REG traded down $1.44 on Monday, hitting $67.33. 691,510 shares of the company's stock were exchanged, compared to its average volume of 1,061,836. The stock has a 50-day moving average of $73.23 and a 200-day moving average of $72.90. The stock has a market cap of $12.22 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 3.75 and a beta of 1.03. Regency Centers Co. has a 52 week low of $56.51 and a 52 week 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 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%. Analysts expect that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 4.19%. The ex-dividend date was Wednesday, March 12th. Regency Centers's payout ratio is 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.