HighTower Advisors LLC Grows Stock Position in Regency Centers Co. (NASDAQ:REG)

HighTower Advisors LLC increased its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 47.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,253 shares of the company's stock after acquiring an additional 13,911 shares during the period. HighTower Advisors LLC's holdings in Regency Centers were worth $3,198,000 at the end of the most recent quarter.

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

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Regency Centers Stock Performance

Shares of REG traded down $0.26 during mid-day trading on Tuesday, reaching $72.18. 1,045,663 shares of the company's stock were exchanged, compared to its average volume of 1,005,038. The business's fifty day simple moving average is $73.00 and its 200-day simple moving average is $73.00. The stock has a market capitalization of $13.09 billion, a PE ratio of 34.05, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $78.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. On average, equities research 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 declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Wednesday, March 12th. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Insider Buying and Selling

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of Regency Centers stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 approximately $10,250,758.98. The trade was a 15.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 54,020 shares of the company's stock, valued at approximately $3,975,872. This trade represents a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,000 shares of company stock valued at $6,977,500 over the last three months. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on REG shares. Wells Fargo & Company reduced their target price on shares of Regency Centers from $81.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. BTIG Research lifted their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Mizuho increased their target price on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, January 8th. Finally, Evercore ISI decreased 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. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.08.

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.